News
September 4, 2024 The Bank of Canada lowered its overnight lending rate this morning by .25% from 4.5% to 4.25%. The Bank’s third consecutive interest rate cut was widely expected given the ongoing softness in the economy and easing inflation. The next interest rate decision date is scheduled for Oct. 23, 2024. July 24, 2024 The Bank of Canada, in back-to-back cuts, lowered its key interest rate...
Read More2025 Allowable Rent Increase
2025 Allowable Rent Increase For manufactured home park tenancies, the 2025 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 increases:...
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 6.45% as of 09-04-2024 Bank Prime Rate History Date of ChangeBank Prime RateSeptember 4, 20246.45%July 23, 20246.70%June 5, 20246.95%April 10, 20247.20%March 6, 20247.20%January 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,...
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