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The Bank of Canada decided to leave the target for the overnight policy rate unchanged at 1.25 per cent this morning. In the statement accompanying the decision, the Bank noted that inflation is forecast to be slightly higher in 2018 than originally expected but will return to the Bank's 2 per cent target once the impact of higher gas prices and minimum wage increases dissipate.  While the mortgage stress test has been a contributor to weaker growth in the first quarter of 2018, the Bank expects the economy to be operating at above potential over the next three years, growing at an average rate of about 2 per cent.

Although the Bank held steady today, with inflation rising to the Bank's two per cent target and many Canadian firms operating at or near capacity, interest rates are very likely headed higher this year.  Headwinds from the trade sector have moderated, energy prices are higher and growth for the first quarter appears to be firming after a slow start. Given those trends, the Bank is likely to adjust its policy rate higher in coming months. That will translate to higher mortgage rates which, combined with the erosion of purchasing power from the mortgage stress test, will temper housing demand in 2018.

“Copyright British Columbia Real Estate Association. Reprinted with permission.”
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We just listed a new property located at 4123 Ponderosa Drive in Peachland.
PANORAMIC LAKE VIEWS AND COMPLETE PRIVACY!! This Home is situated on a Half-Acre Lot and offers a very Private Setting! There are 5 Beds + 4 Bathsthe Master is on the Main and there are 4 Beds Up (1 of the Bedrooms Up has its own Ensuite). The Kitchen has Granite throughout and has been RECENTLY UPDATED offering new Flooring, Kitchen Cabinets, and a Beautiful Stainless-Steel Appliance Package inc Gas Range! Off the dining area is direct access to a Large Deck and your Private Yard! This home also has an ABUNDANCE of PARKING for an RV or whatever your needs might be, and it has an Oversized Double Car Garage which an includes a Heated Workshop or Man-Cave! The property is Fully Fenced and has a Dog-Runperfect for the family pet! There is even a man gate on the property that gives you direct access to the Trepanier Cr Trails or a nice stroll to the Elementary School & Shopping! This is truly a special property!! Proudly marketed by the DION-IVANS REAL ESTATE TEAM of Royal Lepage Kelowna. Contact us - Lee (250)575-5455 or Rob (250)575-5255 for your own personal tour or visit WWW.KELOWNAHOMEFINDERS.CA for more information! (id:2493)
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We just listed a new property located at 5025 TREADGOLD Court in Kelowna.
UPPER MISSION SHOW STOPPER!! This 4 bed (could be 5), 4 bath home has AMAZING CURB APPEAL! The main floor features an open concept great room, master bedroom with ensuite, walk in closet, den/office and a large deck overlooking the POOL SIZED YARD!! Upstairs includes 2 bedrooms connected by an amazing bridge hallway and a HUGE BONUS ROOM FOR THE KIDS TO ENJOY!! Downstairs has a rec room with tons of open space, another bedroom and a flex room that could be a gym, home office, or another bedroom. This house IS LOADED WITH HIGH END FINISHING'S including; crown moldings, trayed ceilings, wainscoting, an open beam staircase, granite counters & a stunning floor to ceiling stone fireplace!! No disappointments on this one, the attention to detail and craftsmanship is second to none. THIS PROPERTY IS LISTED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. Call/text (250-575-5255) for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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We just listed a new property located at 1743 Capistrano Peaks Crescent in Kelowna.
STUNNING QUAIL RIDGE WALKOUT RANCHER WITH A HUGE 40 ft RV GARAGE!! This immaculate custom built home features a grand entrance with almost 2,300 SF on the main floor, 11 ft trayed ceilings, stone fireplace, quartz counter tops, high end Wolf/Sub Zero stainless appliances & large master bedroom with a spa like ensuite!! The lower level features 2 additional bedrooms, a large rec room with wet bar & a 450 sf MEDIA ROOM!! At the rear of the home is a 40 ft driveway leading into the 40 ft x 14'4 ft RV BAY WITH A 13 ft HIGH DOOR complete with a 30 amp RV plug that could also be used as a SHOP!! Other features include; a dual zone heat pump system, low maintenance yard, California shutters, built-in speakers, built-in vac, crown moldings and a covered deck with AIRPORT & VALLEY VIEWS! The airport, UBCO, QUAIL & BEAR CHAMPIONSHIP GOLF COURSES and the growing Airport Village amenities are only minutes away!! THIS PROPERTY IS LISTED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. Call/text (250-575-5255) for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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We just SOLD a property located at 726 Coopland Crescent in Kelowna.
UPDATED KELOWNA SOUTH HOME WITH RU7 ZONING!! This centrally located home features a fully self contained LEGAL SUITE in the basement and a detached 20' x 12' garage with LANE ACCESS & LOTS OF PARKING!! Tons of updates have been already done including, kitchens, windows, A/C, flooring, landscaping...the list goes on! There are lots of options for this house - generate approx $3,500 rental income or utilize the RU 7 ZONING WHICH ALLOWS UP TO 4 DWELLINGS!! THIS PROPERTY IS LISTED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. Call/text (250-575-5255) for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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We just listed a new property located at 1726 Carnegie Street in Kelowna.
ABSOLUTELY STUNNING BUILDING LOT IN KELOWNA'S HIGHEST RESIDENTIAL SUBDIVISION!!! The amazing views from this lot capture the entire valley spanning from the Airport to Peachland! It feels like you are on top of the world but still central to the city!! This specific lot is situated to maximize privacy between you and the neighbors. Did we also mention this property is part of the Black Mt Golf Course Communitywhich offers a beautiful Golf Course, Tennis Crts, Playground, Walking Trails and only a 30 min drive to Big White! GST HAS BEEN PAID!! CLICK MULTI-MEDIA TAB TO WATCH HD VIDEO!! Contact THE DION-IVANS REAL ESTATE TEAM (250-575-5255) of Royal LePage Kelowna for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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For some homeowners, the process of listing, showing and selling
their home can be stressful. Fortunately, there is plenty you can do to
make it much less nerve-racking—and even exciting and enjoyable.
Here are some ideas:
1. Make a plan. Decide when you’re going to show your property,
search for a new home, view listings, etc. Block out these times in an
agenda book or calendar. That way, you and your family can see
what’s coming up.
2. Be flexible. Few things go exactly as planned! So, it’s important to
build in flexibility. For example, you may plan to see homes for sale
on Saturdays, but if an opportunity comes up on a weeknight, give
yourself room in your schedule to jump on it.
3. Eat well. There are numerous studies that connect poor nutrition with
increased stress. When people are selling and moving, there’s a
tendency to rely on quick fixes, such as hot dogs and pizza! Try to
plan more nutritious meals that will keep everyone healthy and
energized.
4. Get stuff done early. Doing things last minute, such as finding a real
estate lawyer or getting rid of clutter, can quickly lead to stress and
frustration. Whenever possible, get tasks done early. That way, you
won’t have to worry about them.
5. Hire the right professionals. By far, the surest way to a stress-free
move is to get the right professionals working for you: everyone from
contractors to mortgage brokers to movers.
By the way, a big part of what I do for clients is help make every
aspect of buying, selling and moving go smoothly.

Contact us to learn how we can help you!!

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We just listed a new property located at 1309 Bentien Road in Kelowna.
SPOTLESS FAMILY HOME WITH AMAZING CITY & LAKE VIEWS!! This 5 bed (3 on the main) home has been meticulously cared for and features; an open concept living room which is perfect for entertaining, a gas fireplace, stainless appliances, a NEW ROOF WITH SKYLIGHTS for additional natural light & A LARGE 1 BED SELF CONTAINED SUITE!! You can choose to relax on large deck at the front and take in the PANORAMIC LAKE VIEWS, or BBQ on the back patio which leads out to the flat backyard!! THIS PROPERTY IS LISTED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. Call/text (250-575-5255) for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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We just listed a new property located at 726 Coopland Crescent in Kelowna.
UPDATED KELOWNA SOUTH HOME WITH RU7 ZONING!! This centrally located home features a fully self contained LEGAL SUITE in the basement and a detached 20' x 12' garage with LANE ACCESS & LOTS OF PARKING!! Tons of updates have been already done including, kitchens, windows, A/C, flooring, landscaping...the list goes on! There are lots of options for this house - generate approx $3,500 rental income or utilize the RU 7 ZONING WHICH ALLOWS UP TO 4 DWELLINGS!! THIS PROPERTY IS LISTED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. Call/text (250-575-5255) for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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The Bank of Canada opted to maintain its target for the overnight interest rate this morning at 1.25 per cent.  In the statement accompanying the decision, the Bank noted that although growth in the Canadian economy slowed more than expected in the fourth quarter of 2017, the economy is expected to operate at capacity going forward. The bank cited recent trade policy developments, mainly the threat of a trade war with the United States, as a significant risk to its outlook for growth and inflation.

The Canadian economy is at or very close to full-employment, meaning there is little room for Canadian firms to expand output without putting undue pressure on inflation. There are signs core inflation is already firming up. Two of the Bank’s three core inflation measures are closing in on the Bank’s 2 per cent target and all three measures have increased significantly in the past six months. Absent any unforeseen challenges to the Canadian economy, monetary policy will be biased in the direction of higher interest rates.  However, the Bank will likely hold off raising its overnight rate while it assesses the impact of tighter monetary policy over the past year, the impact of newly implemented B-20 guidelines on mortgage qualification rules, and heightened risk to Canadian exports from US trade policy.

 

“Copyright British Columbia Real Estate Association. Reprinted with permission.”

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We just listed a new property located at 1055 Lawrence Avenue in Kelowna.
The Marquis - A Wonderful 55+ Building that has been Meticulously Maintained! This Spacious 2 Bedroom + 2 Bathroom Condo is situated on the Private and Quiet South Side of Building. This Home Shows AAA+ and has been very well taken care of!! The are many Updates throughout and this Unit has an Enclosed Deck! It's Centrally Located within Walking Distance to Shopping, Doctor's Offices, Transit and much more. No Rentals - Small Pet Ok. Contact THE DION-IVANS REAL ESTATE TEAM (250-575-5455) of Royal LePage Kelowna for your own personal tour or visit WWW.KELOWNAHOMEFINDERS.CA for more information. (id:2493)
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Watch any TV cooking show, and you’ll notice that a chef’s kitchen looks
quite a bit different than what you’d find in most homes. But, that doesn’t
mean you can’t have one just like it in your home! With a little remodeling,
and splurging on some new items, you too can have a kitchen worthy of
Gordon Ramsey, Jamie Oliver, or Rachel Ray.
Chefs love counter space. So, when remodeling, plan to create as much as
possible. If you have an existing island, for example, you can replace the
countertop with a larger one. Just adding eight inches in both directions will
make a big difference.
Most chefs have more than one oven. If that’s impractical for you, consider
buying a double-oven stove. Also, chefs prefer gas burners for quicker heatup
times and exacting control of cooking temperature.
One thing you’ll notice about chefs is they love stainless steel.
That’s because it’s easy-to-clean, hygienic and durable (assuming you take
care of it).
Finally, because chefs spend so much time in the kitchen, they want the
space to be attractive and comfortable. So, when remodeling, keep decor
in mind.
Even if you’re just an amateur chef, creating a chef-worthy kitchen will make
the foodie in you smile.

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We just listed a new property located at 1288 Water Street in Kelowna.
Enjoy Kelowna at it's best!! The Royal Private Residence Club - 1/3 OWNERSHIP of vacation living. Beautiful 2 bed + den (which is currently set up as a 3rd bedroom), 2 bath ground floor lakeside condo - use or rent, comes with everything included. This deluxe unit features; cork/tile flooring, granite counters, stainless appliances & a STUNNING STAMPED CONCRETE PATIO WITH SPECTACULAR LAKE & MOUNTAIN VIEWS!! The amenities are absolutely amazing; rooftop patio with an infinity pool, hot tubs, a fitness center & central to everything Kelowna has to offer!! Contact THE DION-IVANS REAL ESTATE TEAM (250-575-5255) of Royal LePage Kelowna or visit WWW.KELOWNAHOMEFINDERS.CA for more information. (id:2493)
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Sometimes the reason for putting your home on the market is crystal clear.
For example, you might have a job relocation and need to move. Or, you
might have decided to downsize because the kids have left the nest.
However, there are many other motivations to list your home that are not as
obvious, and yet are still good reasons to make a move. Here are just a few
examples...
• You’re bored with your home and are looking for a change.
• There’s something you’ve always wanted in a home that your current
property doesn’t have, such as a wooded backyard.
• You want to be closer to work, or to activities you enjoy, such as golf.
• You want to be closer to family.
• The neighbourhood is changing in a way that no longer fits the
lifestyle you want.
• There’s another neighbourhood you’ve always dreamed of living in.
• Your tastes have changed and you want to live in a different type of
home.
None of these reasons makes it an absolute necessity to list your property
and find a new home. Yet, they’re all worth considering, especially if moving
will make you and your family happier, and provide you with a more
desirable lifestyle.
Want to talk about the possibilities? Call today The Dion-Ivans Real Estate Team today!!

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We just SOLD a property located at 1786 Split Rail Place in Kelowna.
STUNNING TWO STORY FAMILY HOME IN THE TOWER RANCH GOLF COMMUNITY!! This 4 bed, 4 bath homes features hardwood floors, quartz counter tops, stainless appliances & a POOL SIZE FENCED YARD!! The main floor has over-sized windows to let in all the natural light with access to the covered patio that leads out into the spectacular back yard. Upstairs has 3 bedrooms including the good sized master with walk-in closet& 4 pc ensuite. The basement has a HUGE rec room/media room as well as another bedroom & bathroom. Tower Ranch is a great place to call home, a $45 monthly Home Owners fee gets you access to the Club House, Owners Lounge & Fitness Center. THIS PROPERTY IS LISTED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. Call/text (250-575-5255) for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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We just SOLD a property located at 600 Lefevere Avenue in Kelowna.
UPPER MISSION FAMILY HOME WITH STUNNING LAKE VIEWS & A LEGAL SUITE!! This 5 bed, 4 bath home has amazing lake/ city views & backs onto park space! The main floor has a large den, master bedroom with ensuite & a large great room which is perfect for entertaining! Upstairs has 2 more bedrooms, a bathroom and a loft which could be used for a kids playroom or gym area! Downstairs features a MEDIA ROOM as well as a 2 BEDROOM LEGAL SUITE!! Other features include; hardwood floors, stainless appliances, vaulted ceilings & an over-sized garage!! This neighborhood is perfect for families! THIS PROPERTY IS LISTED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. Call/text (250-575-5255) for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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We just listed a new property located at 1786 Split Rail Place in Kelowna.
STUNNING TWO STORY FAMILY HOME IN THE TOWER RANCH GOLF COMMUNITY!! This 4 bed, 4 bath homes features hardwood floors, quartz counter tops, stainless appliances & a POOL SIZE FENCED YARD!! The main floor has over-sized windows to let in all the natural light with access to the covered patio that leads out into the spectacular back yard. Upstairs has 3 bedrooms including the good sized master with walk-in closet& 4 pc ensuite. The basement has a HUGE rec room/media room as well as another bedroom & bathroom. Tower Ranch is a great place to call home, a $45 monthly Home Owners fee gets you access to the Club House, Owners Lounge & Fitness Center. THIS PROPERTY IS LISTED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. Call/text (250-575-5255) for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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The Bank of Canada opted to raise the target for its overnight interest rate this morning 25 basis points  to 1.25 per cent.  In the statement accompanying the decision, the Bank cited recent strong economic data and rising inflation as motivations for the rate increase. The Bank expects growth in the Canadian economy to slow to 2.2 per cent in 2018 and 1.6 per cent in 2019 with consumption and new home construction contributing less to growth than in years past.  With the economy returning to full-capacity, inflation is forecast to remain at 2 per cent over the medium term.  The Bank also flagged risk to its outlook from ongoing NAFTA negotiations and noted it would remain cautious in considering future interest rate adjustments.

With the Canadian unemployment rate hitting a 40-year low and inflation ticking higher in recent months, the Canadian economy would seem to be operating at full capacity. That argues for a more hawkish approach to monetary policy in order to bring interest rates closer to what the Bank estimates would be neutral for the economy, that is, a level in which the economy is neither running too hot nor too cold.  While today's rate increase was widely anticipated, it did come earlier in the year than previously expected and likely signals further rate increases to come in 2018.  Canadian mortgage rates have already moved higher in anticipation of Bank of Canada tightening, which means a much tighter borrowing environment in 2018, particularly given newly implemented mortgage qualifying rules for low-ratio buyers.


“Copyright British Columbia Real Estate Association. Reprinted with permission.”

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Have you ever considered renting out a room to a student or renovating
your basement into a self-contained rental apartment?
It’s a big decision. There are many pros and cons to consider.
On the pro side, renting can provide you with additional income. An extra
few hundred dollars a month can go a long way towards paying down your
mortgage or splurging on an exotic summer vacation.
Creating rentable living space in your home — for example, an “in-law suite”
featuring a kitchenette and bathroom — may also increase your property’s
market value.
On the con side, you’ll have more costs and responsibilities as a landlord.
For example, you might need to purchase extra insurance because basic
home insurance policies typically do not cover rental units, even if you’re
just renting out a room. You’ll also be responsible for dealing with repairs
sometimes in the middle of the night.
Also, if you’re not careful about the renter you choose, you might end up
with a “problem tenant”. For example, you could have a tenant who is
consistently late on rent payments or simply stops paying. That can be
stressful.
If you’re deciding whether or not to rent, be sure to check local laws and
regulations. Many jurisdictions have very strict rules regarding renting out
space in a residential property, and those rules change frequently. Make
sure you get the latest information.

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We just listed a new property located at 3636 Benvoulin Road in Kelowna.
AMAZING OPPORTUNITY TO OWN TO LAND & RUN A BUSINESS!! This Lower Mission acreage has been home to 'RUSSO'S VEGETABLES' for over 50 years!! The flat, 5.4 acre site has been used to grow and sell a variety of vegetables with the OPPORTUNITY TO EXPAND to other areas of the property or build a home. The location is spectacular with HIGH VISIBILITY from the street, easy access and parking! Opportunities like this don't come up very often...THIS PROPERTY IS LISTED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. Call/text (250-575-5255) for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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Featured Listings

Mug Rob Mug Lee

ROB DION, BBA
Personal Real Estate Corporation
Cell: 1 (250) 575-5255
robdion@royallepage.ca

The Dion-Ivans Real Estate Team

ROYAL LaPAGE - KELOWNA

LEE IVANS, BBA
Personal Real Estate Corporation
Cell: 1 (250) 575-5455 leeivans@royallepage.ca
  • Diamond Award
  • President's Gold Award
  • Sales Achievement Award
  • Master Sales Award
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