News
March 12, 2025 The Bank of Canada today reduced its benchmark interest rate by .25%. This marks the Bank’s seventh consecutive rate cut and brings its key rate down to 2.75%. Economists appear to agree interest rate cuts might not be able to fix the damage of a trade war – but they can’t hurt either. The Bank’s next interest rate decision date is April 16, 2025. January 29, 2025 The...
Read More2025 Allowable Rent Increase
2025 Allowable Rent Increase For manufactured home park tenancies, the 2025 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 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 4.95% as of 03-12-2025 Bank Prime Rate History Date of ChangeBank Prime RateMarch 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, 20247.20%December 6, 20237.20%October 25, 20237.20%September 6, 20237.20%July 12,...
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