News
March 8, 2023 The Bank of Canada announced today it is holding its key interest rate steady at 4.5% but made clear it’s still prepared to raise rates further depending on how inflation and the economy progress. This is the first time in a year that the rate has remained unchanged. Recent data shows inflation slowed to 5.9% in January. The Bank of Canada says it still expects the annual inflation...
Read More2023 Allowable Rent Increase
2023 Allowable Rent Increase For manufactured home park tenancies, the 2023 maximum increase is 2.0% 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 6.70% as of 03-08-2023 Bank Prime Rate History Date of ChangeBank Prime RateMarch 8, 20236.70January 25, 20236.70December 7, 20226.45October 26, 20225.95September 7, 20225.45July 13, 20224.70June 1, 20223.70April 13, 20223.20March 2, 20222.70March 30, 20202.45March 18, 20202.95March 4, 20203.45October 25, 20183.95July 12, 20183.70January 18,...
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