Industry Info/News

News

December 7, 2022 The Bank of Canada, today, raised its key interest rate by 0.5% bringing it to 4.25%. After a year of aggressive rate tightening the Bank signaled further rate hikes may be at or very close to an end. The Bank’s next rate announcement date is January 25, 2023.    October 26, 2022 The Bank of Canada, today, raised its key interest rate by 0.50%, bringing it to 3.75%, its highest...

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2023 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...

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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 6.45% as of 12-07-2022 Bank Prime Rate History Date of ChangeBank Prime RateDecember 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, 20183.45September 7, 20173.20July 13,...

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