Long-Term Borrowing

Fixed Rate - 5 to 30 years           10 year loan rate 2.97%

Short-Term Financing

Variable Rate - up to 5 years     

Daily floating rate 2.10%
Historical rates

Equipment Financing

Variable Rate - up to 25 years*   

Daily floating rate 2.10%  
*see program details for further information
Historical rates

Pooled Investments

Money Market Fund - $10.000 / unit

Intermediate Fund - $9.7526 / unit

Bond Fund - $9.7311 / unit

Performance Results

Pooled High Interest Savings Account

CIBC HISA rate 1.96% (effective Jan 18/18)



What's New?

AGM & Financial Forum:

The MFA 2018 Annual General Meeting and Financial Forum will be held March 21/22 at the Hotel Grand Pacific in Victoria. Registration is now closed. Speaker presentation slides will be available on our website next week. View the 2018 Schedule of Events.

NEW: Short Term Lending Interest Missed for February 20, 2018 In the course of making technical updates to our systems, the interest calculation in our short-term lending programs for February 20, 2018 was missed.  You will be seeing an additional EFT payment from your bank account to collect this amount. Please email us if you have any questions.

Pooled High Interest Savings Account now available: Current rate of return is 1.96%.  See the program page or email us for more information.

Change in Issue Proceeds disbursement process: RD & RHD notice, Municipal notice.

NEW: Fall 2018 Borrowing Opportunity: details and deadlines.

Follow MFABC: MFABC @MunicipalFinance @MFABC1970



BCMFA Credit Ratings

  • Moody's: Aaa "Stable"
  • Fitch: AAA "Stable"
  • Standard & Poor's: AAA "Stable"

Short Term Ratings

  • Moody's: P-1
  • Standard & Poor's: A-1+

Bond Rate - 10 year












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