Industry Info/News

News

January 24, 2024 The Bank of Canada announced today it is holding its key interest rate at 5.0%, keeping its benchmark rate the same for the fourth time in a row. The bank also signalled it has begun discussing when it should start cutting rates. The Bank’s next interest rate decision comes on March 6, 2024. December 6, 2023 As widely expected, the Bank of Canada today, in its third consecutive...

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2024 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...

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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 7.20% as of 01-24-2024 Bank Prime Rate History Date of ChangeBank Prime RateJanuary 24, 20247.20%December 6, 20237.20%October 25, 20237.20%September 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,...

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