News
September 6, 2023 The Bank of Canada held its key interest rate at 5.0% this morning, deciding against another rate hike as the economy begins to slow. However, the Bank noted persistent inflationary pressures are a concern and could still lead to future rate increases. The next scheduled rate announcement date is October 25, 2023. July 12, 2023 As was widely expected, the Bank of Canada raised...
Read More2024 Allowable Rent Increase
2024 Allowable Rent Increase For manufactured home park tenancies, the 2024 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...
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 7.20% as of 09-06-2023 Bank Prime Rate History Date of ChangeBank Prime RateSeptember 6, 20237.20%July 12, 20237.20%June 7, 20236.95April 12, 20236.70March 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,...
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