News
April 16, 2025 The Bank of Canada on Wednesday held its key policy rate at 2.75%, the first time it has left the key rate unchanged following seven consecutive cuts since June 2024. The Bank decided against a further cut, as they seek more clarity on the future of U.S. trade policy and its impacts. The Bank’s next interest rate decision date is June 4, 2025. March 12, 2025 The Bank of Canada...
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 4.95% as of 04-16-2025 Bank Prime Rate History Date of ChangeBank Prime RateApril 16, 20254.95%March 12, 20254.95%January 29, 20255.20%December 11, 20245.45%October 23, 20245.95%September 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,...
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