News
July 24, 2024 The Bank of Canada, in back-to-back cuts, lowered its key interest rate this morning by .25% from 4.75% to 4.50%. The Bank indicated the decision was motivated by continued progress on getting inflation down as well as weakening economic conditions. The Bank’s concern about the state of the economy and the risk of keeping rates high for too long suggests more rate cuts are coming....
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 6.70% as of 07-23-2024 Bank Prime Rate History Date of ChangeBank Prime RateJuly 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, 20226.45October 26,...
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