Industry Info/News

News

July 13, 2022 The Bank of Canada, in a surprise move, raised its key interest rate by a full percentage point, marking the largest single hike since August 1998. Economists had been expecting the Bank to raise its rate by three-quarters of a percentage point. The central bank’s key interest rate now sits at 2.5%. The Bank’s next interest rate announcement date is scheduled for September 7, 2022....

Read More

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...

Read More

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...

Read More

Current Bank Prime Interest Rate & Rate History

Current Canadian Bank Prime Interest Rate 4.70% as of 07-13-2022 Bank Prime Rate History Date of ChangeBank Prime RateJuly 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, 20182.95July 17, 20152.70January 29, 20152.85September 9, 20103.00July...

Read More