News
September 17, 2025 As widely expected, the Bank of Canada reduced it policy rate to a three-year low of 2.5%, the first cut in six months. In its announcement this morning, the Bank said the rate cut reflected weak economic growth and less concern about underlying pressures on inflation. Most economists say more cuts seem likely, though not guaranteed, with the timing hinging on incoming data...
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 4.70% as of 09-17-2025 Bank Prime Rate History Date of ChangeBank Prime RateSeptember 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, 20246.95%April 10, 20247.20%March 6, 20247.20%January 24,...
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