Understanding BC’s 2025 Rent Increase Cap
The Province of British Columbia recently announced a maximum allowable rent increase of 3.0% for 2025, directly tying it to inflation rates.
The Impact of the Bank of Canada’s Interest Rate Cut on the Real Estate Rental Market
In a significant move to manage inflation and bolster economic growth, the Bank of Canada has once again reduced its policy interest rate. This latest cut of 25 basis points brings the overnight rate down to 4.5%, a level not seen since June 2023. This follows a...