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)

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!

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.”


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!

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!

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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