Industry Info/News

News

September 6, 2023 The Bank of Canada held its key interest rate at 5.0% this morning, deciding against another rate hike as the economy begins to slow. However, the Bank noted persistent inflationary pressures are a concern and could still lead to future rate increases. The next scheduled rate announcement date is October 25, 2023.  July 12, 2023 As was widely expected, the Bank of Canada raised...

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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 09-06-2023 Bank Prime Rate History Date of ChangeBank Prime RateSeptember 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, 20223.20March 2, 20222.70March 30, 20202.45March 18,...

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