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Alberta & Prairies  + Canada + Cross Border News  + Multi-residential Housing  | 
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Northview Freezes Rents for Yellowknife Wildfire Evacuees

A Calgary-based REIT is providing rent relief for Yellowknife-based tenants forced to flee their homes due to encroaching wildfires.

Northview Residential REIT said in a news release that it will effectively freeze rent bills for Yellowknife residents ordered to evacuate by the Northwest Territories Government. Thousands of Yellowknife residents have fled to Alberta and B.C. via emergency flights and road as wildfires approached the city.

The REIT said it will prorate August rates from the date of the emergency evacuation order, August 18, until residents are permitted to return home. In cases where rents have already been processed, residents will receive bill credits.

Rents due on September 1 will not be processed. Instead, they will be prorated based on the date on which the evacuation order is lifted.

Northview apologized for not disabling automated past-due notices.


Inside The Story

Northview REITMonte Stewart

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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