News
April 10, 2024 The Bank of Canada today held its key interest rate at 5.0% for the sixth consecutive time since July, 2023. A widely held belief in financial markets is that today’s rate hold by the Bank of Canada will be it’s last before embarking on a series of rate cuts starting at its next rate announcement date in June. March 6, 2024 As economists widely expected, the Bank of...
Read More2024 Allowable Rent Increase
2024 Allowable Rent Increase For manufactured home park tenancies, the 2024 maximum increase is 3.5% 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...
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 7.20% as of 04-10-2024 Bank Prime Rate History Date of ChangeBank Prime RateApril 10, 20247.20%March 6, 20247.20%January 24, 20247.20%December 6, 20237.20%October 25, 20237.20%September 6, 20237.20%July 12, 20237.20%June 7, 20236.95April 12, 20236.70March 8, 20236.70January 25, 20236.70December 7, 20226.45October 26, 20225.95September 7, 20225.45July 13,...
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