News
January 28, 2026 In a move widely expected by economists, the Bank of Canada held its benchmark interest rate at 2.25% today. This marked the second straight hold to borrowing rates. In an accompanying statement, the BOC said the policy rate is “appropriate” based on its outlook, but the “timing or direction of the next change in the policy rate” is difficult to predict. The Bank’s next interest...
Read More2026 Allowable Rent Increase
2026 Allowable Rent Increase For manufactured home park tenancies, the 2026 maximum increase is 2.3% plus a proportional amount for the change in local government levies and regulated utility fees. Landlords must provide tenants with three full months’ notice using the correct notice of rent increase form.. Link to more information on rent increases:...
Read MoreMobile Home Park Legislation & Regulations
Click on the following links for more information on mobile home park legislation and regulations in BC: BC MANUFACTURED HOME PARK TENANCY ACT BC MANUFACTURED HOME PARK TENANCY...
Read MoreCurrent Bank Prime Interest Rate & Rate History
Current Canadian Bank Prime Interest Rate 4.45% as of 01-28-2026 Bank Prime Rate History Date of ChangeBank Prime RateJanuary 28, 20264.45%December 10, 20254.45%October 29, 20254.45%September 17, 20254.70%July 30, 20254.95%June 4, 20254.95%April 16, 20254.95%March 12, 20254.95%January 29, 20255.20%December 11, 20245.45%October 23, 20245.95%September 4, 20246.45%July 23, 20246.70%June 5,...
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