Industry Info/News

News

April 13, 2022 The Bank of Canada raised its key interest rate by 0.5%, the highest amount since May 2000. Siting stubbornly high inflation through the first quarter of the year and unemployment in Canada hitting a record low, the Bank signaled that interest rates will need to rise further and that the pace will be much faster than previously anticipated in bringing its key rate back to a...

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2022 Allowable Rent Increase

2022 Allowable Rent Increase The provincially mandated rent freeze expired at the end of 2021. For manufactured home park tenancies, the 2022 maximum increase is 1.5% plus a proportional amount for the change in local government levies and regulated utility fees. January 2022 is the first time landlords are be able to raise rents on existing residential tenancies since March 2020. Landlords must...

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Mobile 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...

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Current Bank Prime Interest Rate & Rate History

Current Canadian Bank Prime Interest Rate 3.20% as of 04-13-2022 Bank Prime Rate History Date of ChangeBank Prime RateApril 13, 20223.20March 2, 20222.70March 30, 20202.45March 4, 20203.45October 25, 20183.95July 12, 20183.70January 18, 20183.45September 7, 20173.20July 13, 20182.95July 17, 20152.70January 29, 20152.85September 9, 20103.00July 21, 20102.75June 2, 20102.50April 22, 20092.25March...

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