We just listed a new property located at 925 Leon Avenue in Kelowna.
FULLY FURNISHED 5TH FLOOR UNIT IN THE CAMBRIDGE HOUSE! This 'smart' studio suite is loaded with functional upgrades that make living a breeze! Features include; quartz counter tops, stainless appliances, vinyl plank flooring, Murphy bed, sofa with adjustable coffee table, custom TV stand with live edge wood top, Jr/Giant dining room table & a custom wardrobe with lighting!! Building amenities include a 9,600 SF landscaped courtyard/BBQ area & a 4,700 SF indoor social lounge with gym! The location is stellar - walking distance to amenities & all downtown has to offer! Live in the unit or take advantage of the excellent rental opportunity. 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)

The Bank of Canada held its overnight rate at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that there is evidence that the global economy is stabilizing and that US recession concerns are waning, though trade conflicts remain the biggest threat to the Canadian economy.  The Bank expects modest growth in 2020 and for inflation to closely track its 2 per cent target.

With many central banks around the world lowering their policy rates,  why is the Bank of Canada holding firm? Simply, the Bank judges the potential of lower rates igniting a further accumulation of household debt as a greater risk to the Canadian economy than the risk from deteriorating global economic conditions.  Canadian policymakers have committed to bending the curve on the Canadian household debt-to-income ratio, through a combination of higher interest rates and stricter mortgage policy.

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