We just listed a new property located at 2210 Upper Sundance Drive # 1314 in West Kelowna.
SPECTACULAR VIEWS OF SHANNON LAKE & THE GOLF COURSE FROM THIS 2 BED + DEN UNIT!! This top floor, corner unit features good sized bedrooms, both with en suites, hardwood floors, stainless appliances, granite throughout & a large wrap around deck to take in the panoramic views. This quiet development has an in-ground pool with hot tub, a guest suite & is only minutes to amenities. Call or text THE DION-IVANS REAL ESTATE TEAM (250-575-5255) of Royal LePage Kelowna for more information or visit WWW.KELOWNAHOMEFINDERS.CA.

We just SOLD a property located at 369 Uplands Drive in Kelowna.
STUNNING views of Okanagan Lake with this Upper Mission walk-out rancher!! The home is situated on a HUGE .46 acre private lot and features 5 beds, 3 baths & a triple detached garage. The main floor has been totally renovated including granite counters, new flooring, new paint, new baseboards & up-dated electrical. There is a ton of POTENTIAL with this property. Contact THE DION-IVANS REAL ESTATE TEAM (250-575-5255) of Royal LePage Kelowna for your own personal tour or visit WWW.KELOWNAHOMEFINDERS.CA for more information.

We just listed a new property located at 669 Houghton Road # 206 in Kelowna.
This corner unit is sure to impress! It is bright with tons of natural light, an open floor plan and well appointed throughout. The condo has been renovated from top to lighting, flooring, paint & kitchen backsplash. The large deck space of the home is great for relaxing and people watching. The development is located directly on the Houghton Rd Recreation Corridor which leads to one of the best Recreational Parks in Kelowna Ben Lee Park! It is also walking distance to schools, shopping, restaurants and a quick bus ride to UBCO. Why rent when you could own this spotless condo! 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.

We just listed a new property located at 605 Horn Crescent in Kelowna.
Stunning Upper Mission FAMILY Home!! This home features 3 beds & a laundry room up, a gourmet kitchen w/ stainless appliances, vaulted ceilings, hardwood floors, an over-sized garage, a stamped concrete driveway, a front deck and a patio that leads out into the flat backyard. The basement could be used as a suite or a large rec room with bar area. The house is located on a quiet dead end street and is a short walk from Frazer Lake!! Call or text ROB DION (250-575-5255) or LEE IVANS (250-575-5455) from Royal LePage Kelowna today to book your personal tour or visit WWW.KELOWNAHOMEFINDERS.CA.

We just listed a new property located at 980 Dilworth Drive # 211 in Kelowna.
2 BED + DEN LOFTED CONDO ON DILWORTH MOUNTAIN! This spacious unit is well laid out with 2 bedrooms on the main floor and loft that could be used as a 3rd bedroom upstairs. The unit has lots of storage, high vaulted ceilings a mountain view! Recent updates include; new counter tops, appliances, tile backslash, flooring & paint! The complex is located next to a park and is within minutes to all amenities. Call or text THE DION-IVANS REAL ESTATE TEAM (250-575-5255) of Royal LePage Kelowna for your own personal tour or visit WWW.KELOWNAHOMEFINDERS.CA for more information.

The Bank of Canada announced this morning it was once again holding its target for the overnight rate at 1 per cent.  In the statement accompanying its decision, the Bank highlighted that while total CPI inflation has risen close to its 2 per cent target in recent months, the rise is due to temporary effects of higher energy prices and exchange rate pass-through from a lower loonie.  The Bank also noted that slower than expected global economic growth has trimmed the Bank's Canadian economic outlook for the next two years. This means the Canadian economy will be delayed in reaching full capacity, now expected in 2016 rather than 2015.

In spite of low inflation and disappointing growth, the Bank of Canada remains wary of easing monetary policy further at risk of upending the delicate balance of over-indebted Canadian households.  Interestingly, the Bank explicitly stated that it remains neutral with respect to both the timing and direction of the next change in interest rates, which leaves the door open for a rate cut should incoming data warrant it.  That said, we still expect that the next move for the Bank to be in the direction of higher rates. In particular, recent momentum in consumer prices, if sustained, may push the Bank to act sooner rather than later though very likely not until early to mid-2015.


“Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information. 


Every month the Okanagan Mainline Real Estate Board (OMREB) does a survey to get a better understanding of buyers. Below is a summary of the survey that shows what types of properties are being bought, the family dynamic of buyers and where the buyers are coming from. If you have any questions about this survey or any other Kelowna real estate stats, call The Dion-Ivans Real Estate Team!


Property Type:

30.9% of purchases were by Move-Up Buyers (up from 28.6% in May) * 
20.7% by First Time Buyers  (up from 18.5%) *
13.0% moving from Single Family Home to Strata Unit (down from 15.2%) 
9.3% buying Revenue/Investment Property  (up from 7.4%) * 
5.3% moving into Retirement Home/Seniors Community  (up from 4.4%) *
4.3% buying Recreation Property  (down from 6.4%)
2.8% moving from Strata property to Single Family Home (down from 5.1%) 

* During June, there were increases in purchases by move-up buyers, first-time buyers, retirees moving into seniors communities, and investment property buyers compared to the previous month.

Buyer Type (Family Dynamic):
28.4% Two Parent Family/Children (up from 21.9% in May) **
24.9% Couple without Children (up from 24.5% in May) **
21.3% Empty Nester/Retired (down from 21.9%)
11.9% Single Female (down from 17.9%)
9.9% Single Male (down from 10.6%)
2.7% Single Parent with Children (down from 3.6%)

** There were more purchases by two parent families and couples without children during June than in May.

Moving From: 
57.9% from Within OMREB Board Area  (up from 57.7% in May) *** 
18.2% from Alberta (up from 16.3%) ***
9.8% from Lower Mainland/Vancouver Island  (same as May)
8.6% from Other Areas in BC  (up from 7.3%) ***
2.1% from Eastern Canada/Maritimes (down from 3.7%) 
1.8% from Outside Canada  (up from 1.0%) ***
1.2% from Saskatchewan/Manitoba (down from 4.3%) 
0.3% from NWT/Yukon (up from 0%) ***

*** Compared to May, more buyers moved from within the Board area and other areas of BC, as well as from Alberta, Northwest Territories and Yukon, and outside Canada in June. Movement from other areas stayed the same or declined.



We just listed a new property located at 555 Houghton Road # 103 in Kelowna.
AMAZING VALUE IN MAGNOLIA GARDENS!! Spotless 2 bed, 2 bath corner unit!! This unit has an amazing set up you have your own personal entrance from the street, with a inviting patio and a cute little fenced feels like townhome living! This corner unit condo has been updated throughout and shows extremely well with tons of natural light and features neutral paint colors, a gas fireplace, crown mouldings and 2 nice sized bedrooms. The development has a lot to offer heated parking, carwash, a clubhouse with an exercise room, games room and a community barbecuing area. Contact THE DION-IVANS REAL ESTATE TEAM (250-575-5455) of Royal LePage Kelowna for your own personal tour!
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