The Bank of Canada raised its target for the overnight rate by 25 basis points to 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that the Canadian economy is expected to average growth of 2 per cent over the second half of 2018 before slowing to 1.9 per cent next year.  The renegotiation of NAFTA is expected to lower uncertainty and boost business investment and exports while households spending and the housing market are stabilizing after the implementation of the B20 mortgage stress test. Inflation is expected to remain close to 2 per cent over the Bank's two year projection horizon.
The resolution of NAFTA negotiations earlier in the fall paved the way for the Bank of Canada to resume its rate tightening this morning.  While inflation data came in slightly soft in September, the Canadian economy is still operating above its long-run trend which should keep inflation near the Bank's 2 per cent target. The Bank will meet one final time in 2018 at its December meeting, at which we expect policymakers will maintain the target rate at is current level before raising the target rate to 2 per cent in January 2019.  As the target rate continues on its path higher, Canadian mortgage rates will continue to rise, ultimately resulting in a 6 per cent qualifying rate by the end of 2019.

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

Thinking of buying or selling? Contact The Dion-Ivans Real Estate Team today!

If you're lucky enough to live in the beautiful city of Kelowna, British Columbia, then you already know there are a variety of local treasures to behold. During the autumn months, nothing quite beats a hot cup of java and a walk through crisp air as colourful leaves fall at your feet.

However, perhaps your new to the area, or looking at potential property purchases. You may even be a local who simply hasn't gotten out and about to experience as much of Kelowna as you would like. Whatever your reason, The Dion-Ivan Real Estate Team has your back!

If there is one thing our team of expert real estate agents can agree on, it's supporting the local small businesses that make up our growing community, and today, we want to introduce to you some of the finest, local coffee shops Kelowna has to offer!

With so many amazing places, all with their own individual charm, it's hard to rank one more superior than the other. For that reason, we have listed five amazing local coffee shops, that are sure to please, in no particular order!

Top 5 Local Kelowna Coffee Shops


If you're looking for an edgy coffee shop with a unique retro vibe, here is your place! Not only is the coffee stellar, but the atmosphere is fantastic! As soon as you walk in, you realize this is no ordinary coffee shop. Located in the heart of Downtown, Kelowna, the rare books, unusual antiques, and list great beverages will keep you coming again and again!


Bean Scene Cafe has created quite a name for itself and has quickly become one of Kelowna's most popular coffee shops. So much so, that what started as one humble location has now expanded to 7. You can find a Bean Scene in the Landmark Buildings (where it began), Capri, Big White, Rutland, Pandosy, and Downtown! Be sure to ask for their hot chocolate 'with the party on top!'


If you find yourself down in South Kelowna, then you have to check out the Marmalade Cat Cafe. Enjoy tasty food in a fun, vibrant, energetic atmosphere. Along with providing great food and beverage service, the Marmalade Cat Cafe also supports many local causes including hosting some of Kelowna's best local artists. Come on down for a toe-tapping good time!


Fezziwig's Bakery Cafe provides one of coziest atmospheres around! With three locations to choose from (Mission, Guishigan, and Okanagan College), it's the perfect place to enjoy unique sandwiches, traditional British desserts, and amazing local coffee supplied by Kelowna's very own Cherry Hill Coffee Roaster! You will fill right at home at Fezziwig's, and the delightful dishes are almost reason enough to go!


Located downtown by the Delta Grand Hotel, Giobean is the perfect cafe for locals and visitors alike! Grab an award-winning espresso from this authentic Italian inspired cafe before taking a stroll along the boardwalk. When you walk into Giobean, you will be treated to a feast of fantastic artisan coffees you won't want to miss out on.

So, if you have nothing else going on, the next time you find yourself bored, why don't you stroll down to one of these incredible local businesses and support Kelowna's fine small business owners.

Know of another amazing local hot spot? Let us know in the comments below!

Looking to make Kelowna your new home?

Reach out to The Dion-Ivans Real Estate Team, and our team of dedicated experts will help guide you through the process.

Browse through Kelowna's most recent available real estate here!

We just listed a new property located at 800 Idabel Lake Road in Kelowna.
Amazing WATERFRONT Opportunity at Idabel Lake Resort!! "The Summit Suite" is a rustic 3 bedroom condo that sleeps 10!! This fully furnished unit features a deck overlooking the lake with a PRIVATE HOT TUB as well as access to the lakeside lower patio. The Resort has things to do in every season - swimming, kayaking, quadding, fishing, relaxing on the dock, snowmobiling, nordic skiing, ice skating, playing in the park or games room or just exploring the great outdoors!! There is no shortage of activities for your family to enjoy!! There is an onsite caretaker as well as a rental management company. Use it yourself and also take advantage of the revenue potential - this unit has averaged almost $30,000 IN RENTAL INCOME over the past few years!! Escape the City to enjoy peace a quiet - only 35 mins from Kelowna. THIS PROPERTY IS MARKETED 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)

If you're working with a landscaping contractor, you want to develop a good
working relationship with that professional, so you can avoid delays, stress
and other issues. After all, the last thing you want is a tree planted in the
wrong spot because of a misunderstanding!
The same holds true when working with a real estate agent. Whether you're
buying, selling, or both, you want the process to go smoothly and
successfully. Creating an ideal working relationship with your agent is an
important step toward making that happen.
How do you do that?
First, ask your agent to go over the process with you. If you're selling your
home, you want to understand the steps the agent is going to take. That
way, there will be fewer surprises. In particular, you’ll want to discuss how
viewings will be handled. You'll need to come to an agreement as to when
your home will be available for viewings, how short-notice viewings will be
handled, and whether or not "lockbox access" will be needed.
Don't be afraid to ask questions, even if you're worried about seeming to be
naive. (You won't!) You don't want to have unanswered questions or
concerns between you and your agent.
Also, know that misunderstandings and mistakes can happen in any
relationship with a professional. So if an issue comes up, discuss it right
away. Don't let it fester.
Finally, remember that your agent should be a professional like me, with
expertise in buying and selling in this market. When I make a
recommendation regarding pricing, prepping your home, viewings, etc.
remember that I am working in your best interest. I want to sell your
property, quickly and for a good price, just as much as you do!

Looking for an agent you can trust? Contact The Dion-Ivans Real Estate Team today!


We just listed a new property located at 620 Mugford Road in Kelowna.
BEAUTIFUL RANCHER WITH A DETACHED GARAGE/SHOP + YARD THAT IS A GARDENERS DELIGHT!! This Home is located on a Corner Lot and features 2 Driveways and a Tandem Carport. The Home has 2 Bedrooms + 2 Bathrooms and a Den/Office with its own exterior entrance. The Kitchen features rich Oak Cabinets that overlooks the entire Living Room and there are HUGE Picture Windows facing South making this home Bright and Cheery! The Kitchen, Dining Room & Living Room also have Vaulted Ceilings making the Rooms feel large and inviting. Off the Dining Room is Family Room (could double as a Bedroom) that is cozy and has tons of windows + another Exterior Entrance making access to the backyard a breeze! This Home is perfect for almost anyone but has the added bonus of being Handicap/Wheelchair accessible. Furthermore, this Home has great Storage as there is a partial Basement + Crawl Space for all your Storage needs and a outside Staircase Entrance making it very accessible. This home has been lovely maintained and offers many unique features & benefits. PROUDLY MARKETED BY THE DION-IVANS REAL ESTATE TEAM of Royal LePage Kelowna. For more information visit WWW.KELOWNAHOMEFINDERS.CA. (id:2493)
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.