News
July 30, 2025 Today, the Bank of Canada held its key interest rate at 2.75% — the same level it’s been since March — citing the continued lack of clarity around tariffs and the outcome of Canada-U.S. trade talks. The bank indicated it could return to rate cuts if the economy weakens from here and inflation tied to tariffs remains contained. However, economists’ views on the BoC’s next moves are...
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 07-30-2025 Bank Prime Rate History Date of ChangeBank Prime RateJuly 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, 20247.20%December 6, 20237.20%October...
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