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We just listed a new property located at 3636 Benvoulin Road in Kelowna.
AMAZING OPPORTUNITY TO OWN 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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Your neighbourhood has a lot of features that can help sell your home
faster. Unfortunately, buyers don’t usually notice those features just by
driving around. So, you need to make sure they get all the information they
need about your neighbourhood.
For example, say homes don’t go on the market often in your area. That’s
an indication that the quality of life in the neighbourhood is so good that no
one wants to leave! In real estate we measure the area’s “turnover rate”,
and it’s handy data to have when listing your home.
Another bit of data that buyers can’t simply see is the local crime rate. But,
most police departments keep those statistics. If your neighbourhood has a
low crime rate, that’s an obvious plus to sellers.
Demographic data can also be helpful when selling your property. If your
neighbourhood has a lot of families, for example, that’s going to be
appealing to buyers with kids.
Even local development plans can play a role in making your home more
attractive to buyers. If a new ramp to a major highway is in the works
nearby, getting to work is going to be easier. That’s a big benefit to
commuters.
Other types of data that can help sell your home include:
• Planned local construction.
• Proposals for neighbourhood improvements. (For example, a new
playground.)
• Rates at which local property values are increasing.
Any information that shows the advantages of living in your area is going to
be useful when selling.
By the way, this is the kind of information we put together to provide to
prospective buyers when selling your home. Contact us today for more info!!

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We just SOLD a property located at 3635 Water Road in Kelowna.
STUNNING EAST KELOWNA WALK OUT RANCHER WITH A HUGE PARK LIKE YARD!! This 5 bed, 3 bath home features an open concept layout with a STUNNING NEW KITCHEN, new flooring, 3 beds on the main floor & a slate deck to sit back and take in the mountain views!! The lower level of the home has lots of options - it could be a 1 or 2 bed + den SUITE or it could be used as additional space for a larger family! There is a stamped concrete patio that leads out to the private back yard with tons of space for kids or pets to enjoy! Other features include; some new windows with motorized blinds, a 2 year old hot water tank, a water purification system & fresh paint! The street has a country feel with Orchards on one side and executive homes on the other. 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 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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The Bank of Canada maintained its target for the overnight rate at 1 per cent this morning. In the statement accompanying the decision, the Bank noted that the Canadian economy is evolving as expected, with growth slowing in the second half of the year.   On inflation, the Bank expects the continued absorption of economic slack to push core inflation higher in subsequent months.  Importantly, the Bank concluded its statement by noting that rate increases will be required over time, though it will proceed with caution as it assesses the economy’s sensitivity to higher rates.

Although the Bank of Canada has a bias toward raising rates over the next 12 months, it is currently sidelined by low inflation as well as concerns over how higher interest rates will interact with elevated household debt levels.  We anticipate the Bank will remain on hold in early 2018 as it assesses the impact of the forthcoming mortgage stress test, but will look to raise rates one or two times in the second half of next year.

 

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

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Imagine you were selling your car, and a prospective buyer was on the way
over to see it. What would you do? You would probably make your vehicle
look as clean and shiny as possible, inside and out.
The same holds true if you’re selling your home and there’s a potential
buyer on the way. You want the buyer to be wow’d by your property. Here’s
a handy checklist to follow:
• Clean every room. Make your entire house look as “guest ready” as
possible.
• As much as is feasible given the time, reduce clutter. Consider
packing some items into boxes and storing them in the basement or
garage.
• Get pets out of the house. You can take them for a walk, have a
neighbour watch them, or take them to a good kennel.
• Turn on the lights, even during the day. You want each room to look
bright.
• If there are any maintenance issues, such as a dripping faucet, let
your Realtor know. Often, it’s best for buyers to be told rather than
discover such issues themselves.
• Open the curtains, except in those rooms where the sun will be
uncomfortably strong during the viewing.
• Move your vehicles from the driveway so the buyer can park there.
(That can help them imagine living there, which is what you want!)
• Make sure your foyer is especially clean and uncluttered. It’s the first
“room” the buyer visits.
• Avoid cooking just before a viewing. Even if the meal is wonderful, the
aroma may linger. (Some people don’t like the smell of certain dishes,
such as fish.)
• Freshen up the outdoor space. Mow the lawn. Sweep the walkway.
This viewing checklist will help you prepare your home quickly, so when the
buyer comes in your front door, there’s a much better chance he or she will
be impressed.

Want more tips? Contact The Dion-Ivans Real Estate Team today!!!

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We just SOLD a property located at 533 Yates Road in Kelowna.
GROUND FLOOR CORNER UNIT 2 BEDROOM, 2 BATH + 2 UNDERGROUND PARKING STALLS!! This unit is also very well appointedTrendy 2 Toned Kitchen Cabinets, Granite Countertops, and the Bedrooms separated by the Living Room! This Unit also has 2 PRIVATE FENCED YARDS + its own Private Entrance making it feel like Townhome Living!! The Verve also offers amazing amenities for Okanagan Living at its bestBeach Volleyball, Outdoor Pool & Barbecue Area! And the location is stellar walking distance to shopping, coffee shops and parks! Contact THE DION-IVANS REAL ESTATE TEAM (250-575-5455) of Royal LePage Kelowna for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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We just listed a new property located at 3635 Water Road in Kelowna.
STUNNING EAST KELOWNA WALK OUT RANCHER WITH A HUGE PARK LIKE YARD!! This 5 bed, 3 bath home features an open concept layout with a STUNNING NEW KITCHEN, new flooring, 3 beds on the main floor & a slate deck to sit back and take in the mountain views!! The lower level of the home has lots of options - it could be a 1 or 2 bed + den SUITE or it could be used as additional space for a larger family! There is a stamped concrete patio that leads out to the private back yard with tons of space for kids or pets to enjoy! Other features include; some new windows with motorized blinds, a 2 year old hot water tank, a water purification system & fresh paint! The street has a country feel with Orchards on one side and executive homes on the other. 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 700 Martin Avenue in Kelowna.
Two Story Unit in the Martin Lofts and includes 2 PARKING STALLS!! This home has all the UPGRADES: New Heating & Cooling System, Hardwood Floors, Granite Counter Tops and a Tile Back-splash! The Main Floor of the Home offers a Trendy Open Concept Kitchen, a Large Living Room + Tons of Windows providing lots of Natural Light! And did we mention extra Storage under the Stairs!! The Upper Floor of the home includes a Large Master BedroomWalk In Closet & a 5 Pce Ensuite. There is an additional Bedroom with a Custom-Built Wall Bed that is absolutely amazing!! This home also has the unique feature of being able to access the unit on both the 2nd and 3rd floor of the building making life a breeze!! The Building offers the perfect lifestyle for downtown living a well Equipped Gym, Bike Room, Storage Locker & Secure U/G Parking! And the Location is STELLAR, only being a quick walk to The Downtown Core & Cultural District. You are going to love living here!! Pet & Rental Friendly. This Home is 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 SOLD a property located at 660 Morrison Avenue in Kelowna.
KELOWNA SOUTH TOWNHOUSE LIKE NOTHING ELSE!! This spectacular 3 bed, 4 bath home is totally unique with it's open concept layout, soaring ceilings & courtyard entrance! The unit has almost 2,100 SF of living space, all 3 bedrooms (1 on the main & 2 up) are HUGE is size, all have en-suites & large closets. The main floor bedroom has it's own private entrance off the street, while the upstairs bedrooms have private decks to relax & take in the MOUNTAIN VIEWS!!! Other features include; stainless appliances, hardwood floors, some new flooring, a loft/den area & a DOUBLE ATTACHED GARAGE! This home has been meticulously cared for and the location is second to none!! PROUDLY 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 533 Yates Road in Kelowna.
GROUND FLOOR CORNER UNIT 2 BEDROOM, 2 BATH + 2 UNDERGROUND PARKING STALLS!! This unit is also very well appointedTrendy 2 Toned Kitchen Cabinets, Granite Countertops, and the Bedrooms separated by the Living Room! This Unit also has 2 PRIVATE FENCED YARDS + its own Private Entrance making it feel like Townhome Living!! The Verve also offers amazing amenities for Okanagan Living at its bestBeach Volleyball, Outdoor Pool & Barbecue Area! And the location is stellar walking distance to shopping, coffee shops and parks! Contact THE DION-IVANS REAL ESTATE TEAM (250-575-5455) of Royal LePage Kelowna for more information or visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
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We just listed a new property located at 700 Martin Avenue in Kelowna.
Two Story Unit in the Martin Lofts and includes 2 PARKING STALLS!! This home has all the UPGRADES: New Heating & Cooling System, Hardwood Floors, Granite Counter Tops and a Tile Back-splash! The Main Floor of the Home offers a Trendy Open Concept Kitchen, a Large Living Room + Tons of Windows providing lots of Natural Light! And did we mention extra Storage under the Stairs!! The Upper Floor of the home includes a Large Master BedroomWalk In Closet & a 5 Pce Ensuite. There is an additional Bedroom with a Custom-Built Wall Bed that is absolutely amazing!! This home also has the unique feature of being able to access the unit on both the 2nd and 3rd floor of the building making life a breeze!! The Building offers the perfect lifestyle for downtown living a well Equipped Gym, Bike Room, Storage Locker & Secure U/G Parking! And the Location is STELLAR, only being a quick walk to The Downtown Core & Cultural District. You are going to love living here!! Pet & Rental Friendly. This Home is 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 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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We just SOLD a property located at 997 Walker Drive in Kelowna.
ONE OF KELOWNAS MORE DESIREABLE PLACES TO LIVE GOLFVIEW ESTATES! This No Step Rancher is situated on a large Corner Lot that includes 2 Driveway's and Parking for the whole family!! The Home is over 2000sq.ft, 4 Bedrooms + 3 Baths. It has an abundance of Natural Light and with an excellent floor plan! The Backyard is a complete Outdoor Oasis there is a beautiful Concrete In-Ground Pool (20x 40) tiered above the Home with Mature Landscape and complete Privacy! Below the Pool Area is also a HUGE PATIO area made for Relaxing, Barbecuing and enjoying the long Okanagan Summers! There is direct access to a bathroom making pool life very convenient! This Home is walking distance to Schools, Parks, Golf and Shopping!! 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 660 Morrison Avenue in Kelowna.
KELOWNA SOUTH TOWNHOUSE LIKE NOTHING ELSE!! This spectacular 3 bed, 4 bath home is totally unique with it's open concept layout, soaring ceilings & courtyard entrance! The unit has almost 2,100 SF of living space, all 3 bedrooms (1 on the main & 2 up) are HUGE is size, all have en-suites & large closets. The main floor bedroom has it's own private entrance off the street, while the upstairs bedrooms have private decks to relax & take in the MOUNTAIN VIEWS!!! Other features include; stainless appliances, hardwood floors, some new flooring, a loft/den area & a DOUBLE ATTACHED GARAGE! This home has been meticulously cared for and the location is second to none!! PROUDLY 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 4038 Pritchard Drive in West Kelowna.
Beautiful 2 Bed, 2 Bath + Den & Loft Unit in the Desirable Barona Beach Development! There are Amazing UNOBSTRUCTED VIEWS of the Lake from both levels. The Main Floor features a Bright Kitchen that includes Granite Countertops, Expresso Shaker Cabinets and Hardwood Floors. The Main Floor also has a Den + Bathroom and a very warm and inviting Living Room. The Upper Floor of the Home has 2 Bedrooms each with their own Bathrooms + a Loft. The Master Bedroom is very spacious in size, has a SPA LIKE ENSUITE and its own Private Deck giving you another place to enjoy the Spectacular Views! Barona Beach is located in the Heart of Wine Country and just minutes to golf, shopping and restaurants!
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The Office of the Superintendent of Financial Institutions (OSFI) announced new restrictions on uninsured mortgages today. Effective January 1, 2018, all home-buyers with a down-payment of more than 20 per cent will have to qualify at the higher of the posted 5-year qualifying rate and their contractual rate plus 200 basis points (2 per cent).  This is in addition to policy announced in October of 2016 that required all insured borrowers qualify at the posted 5-year qualifying rate. 

In addition to the new stress test for uninsured mortgages, OSFI is also requiring lenders to establish and adhere to appropriate loan-to-value limits reflective of risk and the current economic environment and is prohibiting s lending arrangements designed to circumvent loan-to-value limits such as combing mortgages with other lending products. 

These new residential mortgage underwriting requirements will apply to all Federally regulated financial institutions.
 
The impact of the new stress test requirement will be to lower the purchasing power of households by up to 20 cent. Like past tightening of mortgage regulations, we anticipate that the market impact will be sharp but temporary. In the past, we have seen home sales decline in the 3 to 9 months following the implementation of tighter mortgage lending standards, with the severity of the impact fading within one year.  However, these new regulations impact a larger pool of mortgages and so the impact could be more significant than in the past.

 

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

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We just SOLD a property located at 1640 Simpson Avenue in Kelowna.
CENTRALLY LOCATED SPRINGVALLEY HOME WITH A 2 BEDROOM SUITE ON A HUGE .27 ACRE LOT! The Upper Floor of the Home has a Beautiful Kitchen including Shaker Cabinets, Built in Appliances and lots of Cupboard Space. Off the Kitchen is a large Deck that can be easily transformed into either an Enclosed Deck or Open-Air Deckand is a great space to sit and enjoy the views of the MASSIVE YARD! There are 2 Bedrooms on the Main Floor and the Master Bedroom has a Walk-In Closet + a 3 PCE Ensuite. The Living Room is very spacious and faces South letting in tons of Natural Light. There is a GAS FIREPLACE both up and down within the home. The Lower Level of Home has a 2 Bedroom Suite with its own entrance and the Suite is VERY BRIGHT and inviting for anyone to call home!! The Home also includes a large Double Carport, RV Parking + Additional Parking!! The Backyard of the home is absolutely amazing providing tons of Greenspace, Deck Space, Privacy and beautiful Mature Landscape. The location of the home is stellarclose to Schools, Transit, and the Mission Greenway. This Home is 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!
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We just SOLD a property located at 2097 Bowron Street in Kelowna.
Beautiful Family Home on DILWORTH MOUNTAIN!! This Home sits on a Large .22 Acre Lot and includes RV PARKING! The Main Floor of the Home has 3 Bedrooms Up, a large open Living Room + Family Room that flow seamlessly into the Kitchen. The Kitchen has a very functional layoutgreat for entertaining and chefing up meals! The Kitchen features Stainless Steel Appliances, Shaker Cabinets and a Gas Range. There is Deck Space at both the Front and Back of the Home!! The Front Deck of the Home is Perfect for taking in the Beautiful Mountain & Valley Views of Glenmore. The Fenced Backyard of the Home is extremely PRIVATE offering Gleaming Stamped Concrete Decks, Beautiful Rock Walls, Concrete Curbing and Lush Green Space! The Lower Level of the Home includes a Wet Bar + Media Room, Gym, Den and another Bedroom!! This Home could also be SUITED if desired! Bowron Street is a wonderful place to call home, Family Friendly and steps to Dilworth Mt. Park. If you are looking to live in one of the most DESIRABLE-CENTRAL Spots in Kelownalook no further!! This Home is Proudly marketed by the DION-IVANS REAL ESTATE TEAM of Royal Lepage Kelowna. Contact ROB DION (250)575-5255 for your own personal tour or visit WWW.KELOWNAHOMEFINDERS.CA for more information!
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Is selling your property the furthest thing from your mind? Well, here are
some reasons for listing your property that you might not have considered.
1. Your property may be worth more than you think. (It’s difficult to
determine market value on your own. I can calculate it for you. Give
me a call.)
2. You might qualify for a better home than you anticipate.
3. Perhaps you are tired of your current property and want a change.
4. There may be homes on the market in a neighbourhood in which
you’ve always wanted to live.
5. Your current property may no longer meet your needs.
6. Your neighbourhood may have changed in ways you don’t like.
7. You might be ready to downsize or upsize and you no longer want to
put that off.
8. You may want to sell in the fall, so you can have a fresh start in a
new home in the new year.
9. Depending on the type of home you’re considering, you could end up
with lower mortgage payments or no mortgage at all.
10. You might want to move to a home that’s more conveniently
located near work, family and hobbies.
Of course, you may have your own reasons for listing this month. Why not
discuss them with a real estate expert? Us. We can answer your questions
and explain the options available to you.

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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
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.