Industry Info/News

News

April 22, 2021 In an announcement Wednesday, the Bank of Canada maintained its benchmark interest rate unchanged at a record-low 0.25% until slack in the economy is absorbed and inflation sustainably returns to its 2 per cent target. The Bank is now projecting that will occur in the second half of 2022 rather than in 2023. March 10, 2021 The Bank of Canada announced this morning it is keeping...

Read More

2021 Allowable Rent Increase

2021 Allowable Rent Increase 1.4% is the allowed maximum increase in 2021 for mobile home park tenancies plus a proportional amount for the change in local government levies and regulated utility fees. Effective November 9, 2020, the Province has extended the freeze on rent increases until July 10, 2021, under the powers of the Emergency Program Act and COVID-19 Related Measures Act. The BC...

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 2.45% as of 03-30-2020 Bank Prime Rate History Date of Change Bank Prime Rate March 30, 2020 2.45 March 4, 2020 3.45 October 25, 2018 3.95 July 12, 2018 3.70 January 18, 2018 3.45 September 7, 2017 3.20 July 13, 2018 2.95 July 17, 2015 2.70 January 29, 2015 2.85 September 9, 2010 3.00 July 21, 2010 2.75 June 2, 2010 2.50 April 22, 2009 2.25 March 4, 2009...

Read More