News Formal

Restaurant Vendors Evicted from Toronto Lease Program

  • 📰 blogTO
  • ⏱ Reading Time:
  • 6 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

Business News

Restaurant Vendors,Toronto,Lease Program

Restaurant vendors participating in a City of Toronto program aimed at supporting small businesses have been evicted from their current lease. The program offered below-market rent to eligible start-up food entrepreneurs, but tenants were only given a two-year lease with the option to extend for one year. The vendors were chosen by a Tenant Selection Committee to occupy a food hall in North York.

Restaurant vendors in Toronto are speaking out after being evicted from their current lease as part of a program aimed at supporting small businesses. The program offered below-market rent to eligible start-up food entrepreneurs, but tenants were only given a two-year lease with the option to extend for one year.

The vendors were chosen by a Tenant Selection Committee to occupy a food hall in North York.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 44. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian Rent Growth Slows, Toronto Market SoftensCanadian rent growth slowed slightly last month, but rental market experts are attributing at least some of that moderation to “seasonal factors.” In Toronto, however, the market continues to soften, with rents seeing a year-over-year dip for the first time since August 2021.
Source: storeyspub - 🏆 16. / 74 Read more »