News

Posted by on Dec 11, 2018 in Industry Info/News | 0 comments

July 10, 2019

The Bank of Canada is leaving its key interest rate unchanged. The decision kept the interest rate at 1.75% for a sixth-straight meeting.

 

May 29, 2019

The Bank of Canada has decided to maintain its benchmark interest rate at 1.75% at its May 29 meeting. The central bank also appeared to be in no hurry to move the interest rate any time soon making no mention of a need for future increases.

 

April 24, 2019

The Bank of Canada is keeping its benchmark interest rate at 1.75% and appears to be in no hurry to move the interest rate any time soon. The decision leaves the trend-setting rate unchanged for a fourth-straight announcement following a series of five hikes between mid-2017 and last fall.

 

March 2019 Western Investor

Mobile Home Parks remain the most affordable residential investment in British Columbia.

Link to full article: https://bit.ly/2ub9w91

 

March 6, 2019

The Bank of Canada decided to hold its benchmark interest rate unchanged and said the timing of possible future hikes has become increasingly uncertain. The Bank meets eight times a year to set its interest rate with the next meeting scheduled for April 24.

 

January 9, 2019

The Bank of Canada is keeping its benchmark interest rate unchanged in its first policy decision of 2019. The bank last raised its rate in October 2018, the fifth time since the summer of 2017. Economists and other financial industry experts expect the Bank of Canada will raise rates again this year to achieve its inflation targets. The next scheduled rate announcement date is March 6, 2019.

 

December 12, 2018

In April 2018, BC Premier John Horgan appointed a Rental Housing Task Force to advise on how to improve security and fairness for renters and rental housing providers throughout the province.

The rental task force has filed its final report with 23 recommendations for the BC government to consider aimed at making the rental process fairer for tenants and landlords.

A couple of recommendations in the report may have an effect on mobile home parks. Following is a link to the full report: https://bit.ly/2TEDmSq

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