Team Telep : Blogs : Latest Blog Posts

Weeknight Dinner Goals

Wed, 24 Sep 2025 18:37:50 GMT

Creamy, garlicky, and loaded with sun-dried tomatoes & spinach. The kind of “set it and forget it” meal that makes the house smell heavenly.

Crisp, bubbly and just sweet enough. Perfect for sipping while the chicken does it’s thing.

September Home Maintenance Checklist

Wed, 24 Sep 2025 18:26:27 GMT

September Home Maintenance Tips to Get Ready for Fall

As summer winds down and cooler days start to roll in, September is the perfect month to tackle some home maintenance tasks. A little preparation now will help you transition smoothly into fall while keeping your home safe, comfortable, and organized. Here are some essential September home maintenance tips:

🌱 Fertilize Your Lawn to Strengthen Roots

Fall is a crucial time for lawn care. Applying fertilizer in September helps grass develop stronger roots before winter sets in, giving you a healthier, greener lawn come spring. Look for a slow-release fertilizer designed for fall, and water your lawn afterward to help nutrients absorb.

🔔 Test Safety Devices

Check the batteries and functionality of your smoke detectors, carbon monoxide detectors, and fire extinguishers. These simple tests can make all the difference in an emergency. If your devices are more than 10 years old, it may be time to replace them.

🔥 Service Your Heating System

Before the chilly weather arrives, schedule a professional inspection of your furnace or heating system. Regular servicing improves efficiency, reduces energy costs, and ensures your system is ready to keep you warm when you need it most.

📦 Declutter & Organize Storage Spaces

With seasonal gear about to change, now is a great time to sort through closets, the garage, and storage rooms. Donate or recycle items you no longer need and organize fall essentials like coats, boots, and holiday décor so they’re easy to access.

🌀 Clean & Reverse Ceiling Fans

Dust can build up on fan blades over summer, so give them a good cleaning. Then, switch your ceiling fans to spin clockwise on a low setting—this helps circulate warm air downward during cooler months, improving comfort and efficiency.

✅ Final Thoughts

By taking care of these maintenance tasks in September, you’ll be setting your home up for a safe, cozy, and stress-free fall season. A little effort now can save you time, money, and hassle later!

August 2025 Market Update

Wed, 24 Sep 2025 18:24:35 GMT

Vancouver Real Estate Market Update – August 2025

Home Sales: 1,959 (-2.9% YoY)

New Listings: 4,225 (+2.8% YoY)

Total Listings: 16,242 (+17.6% YoY)

Benchmark Price: $1.150M (-3.8% YoY, -1.3% MoM)

Market Insights:

Sales-to-active listings ratio: 12.4% → Balanced market

Detached home price: $1.950M (-4.8% YoY)

Apartment price: $734K (-4.4% YoY)

Attached home price: $1.079M (-3.5% YoY)

2025 Outlook:

August sales numbers show that Metro Vancouver’s housing market is slowly bouncing back after a tough first half of the year. Detached and attached home sales are up over 10% compared to last August, which suggests more buyers are stepping back into higher price ranges. Prices have dipped about 2% since January and 1% from July to August, showing that sellers are adjusting their expectations. With buyers and sellers more in sync, sales activity has started to pick up.

If you’re navigating the Maple Ridge, Pitt Meadows, or Greater Vancouver real estate market, Team Telep is here to help. Contact us for a no-obligation consultation to discuss your real estate goals.

July 2025 Market Update

Wed, 24 Sep 2025 18:22:06 GMT

Vancouver Real Estate Market Update – July 2025

Home Sales: 2,286 (-2% YoY)

New Listings: 5,642 (+0.8% YoY)

Total Listings: 17,168 (+19.8% YoY)

Benchmark Price: $1.165M (-2.7% YoY, -0.7% MoM)

Market Insights:

Sales-to-active listings ratio: 13.8% → Balanced market

Detached home price: $1.974M (-3.6% YoY)

Apartment price: $743K (-3.2% YoY)

Attached home price: $1.099M (-2.3% YoY)

2025 Outlook:

Sales activity showed signs of recovery in June, with July data confirming the upward trend. The Bank of Canada’s decision to hold rates steady may boost buyer confidence amid ongoing trade uncertainty. New listings remained stable, keeping MLS® inventory at around 17,000 homes—providing ample choice for buyers. As the market rebounds, this balanced supply is expected to keep prices steady in the short term.

Easy Summer Meal & Drink Duo

Mon, 28 Jul 2025 19:53:58 GMT

June 2025 Market Update

Mon, 28 Jul 2025 18:28:38 GMT

🏡 Vancouver Real Estate Market Update – June 2025 📊

🔹 Home Sales: 2,181 (-9.8% YoY)

🔹 New Listings: 6,315 (+10.3% YoY)

🔹 Total Listings: 17,561 (+23.8% YoY)

🔹 Benchmark Price: $1.173M (-2.8% YoY, -0.3% MoM)

📉 Market Insights:

▪️ Sales-to-active listings ratio: 12.8% → Balanced market

▪️ Detached home price: $1.994M (-3.2% YoY)

▪️ Apartment price: $748K (-3.2% YoY)

▪️ Attached home price: $1.103M (-3% YoY)

📊 2025 Outlook:

After a slow start to the year, Metro Vancouver MLS® home sales are showing signs of recovery. June sales were down 10% year-over-year, half the decline seen in May—pointing to a possible turnaround as buyer demand begins to strengthen.

If you’re navigating the Maple Ridge, Pitt Meadows, or Greater Vancouver real estate market, Telep Team is here to help. Contact us for a no-obligation consultation to discuss your real estate goals.

Where to Chill This Summer

Mon, 16 Jun 2025 22:52:28 GMT

May 2025 Market Update

Mon, 16 Jun 2025 18:45:21 GMT

🏡 Vancouver Real Estate Market Update 📊

🔹 Home Sales: 2,228 (-18.5% YoY)

🔹 New Listings: 6,620 (+3.9% YoY)

🔹 Total Listings: 17,094 (+25.7% YoY)

🔹 Benchmark Price: $1.177M (-2.9% YoY, -0.6% MoM)

📉 Market Insights:

▪️ Sales-to-active listings ratio: 13.4% → Balanced market

▪️ Detached home price: $1.997M (-3.2% YoY)

▪️ Apartment price: $757K (-2.4% YoY)

▪️ Attached home price: $1.106M (-3.4% YoY)

📊 2025 Outlook:

With strong inventory levels, sellers are more flexible on pricing, giving buyers more room to negotiate and keeping prices stable. After a slow spring, summer could see a boost in activity, and the market continues to favor buyers—great news for those ready to purchase.

OCTOBER 2023 Market Update

Wed, 08 Nov 2023 17:12:26 GMT

An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,996 in October 2023, a 3.7 per cent increase from the 1,924 sales recorded in October 2022. This total is 29.5 per cent below the 10-year seasonal average (2,832) for October.

“With properties coming to market at a rate roughly five per cent above the ten-year seasonal average, there seems to be a continuation of the renewed interest on the part of sellers to participate in the market that we’ve been watching this fall,” Andrew Lis, REBGV’s director of economics and data analytics said. “Counterbalancing this increase in supply, however, is the fact sales remain almost 30 per cent below their ten-year seasonal average, which tells us demand is not as strong as we might expect this time of year.”

Want to know what your home is worth and if it's the right time for YOU to sell? Give ua a call today!

September 2023 Market Update

Mon, 16 Oct 2023 18:14:24 GMT

The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,926 in September 2023, a 13.2 per cent increase from the 1,701 sales recorded in September 2022. This was 26.3 per cent below the 10-year seasonal average(2,614).

Have any questions? Give us a call today!

Lisa 604-970-2209

Abbey 604-329-7080

teamtelepmg@gmail.com

teamtelep.com

July 2023 Market Update

Wed, 16 Aug 2023 22:03:31 GMT

MARKET UPDATE

Home prices across all home types in Metro Vancouver1 rose again in July, as strong sales figures continue to push up against low levels of housing inventory the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,455 in July 2023, a 28.9 per cent increase from the 1,904 sales recorded in July 2022. This was 15.6 per cent below the 10-year seasonal average (2,909).

“While sales remain about 15 per cent below the ten-year average, they are also up about 30 per cent year-over-year, which is not insignificant,” Andrew Lis, REBGV’s director of economics and data analytics said. “Looking under the hood of these figures, it’s easy to see why sales are posting such a large year-over-year percentage increase. Last July marked the point when the Bank of Canada announced their ‘super-sized’ increase to the policy rate of one full per cent, catching buyers and sellers off guard, and putting a chill on market activity at that time.”

Do you know what your home is worth?

Give us a call today for your FREE home evaluation!

June 2023 Market Update

Fri, 21 Jul 2023 17:43:11 GMT

Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 2,988 in June 2023, a 21.1 per cent increase from the 2,467 sales recorded in June 2022. This was 8.6 per cent belowthe 10-year seasonal average (3,269).

“The market continues to outperform expectations across all segments, but the apartment segment showed the most relative strength in June,” Andrew Lis, REBGV’s director of economics and data analytics said. “The benchmark price of apartment homes is almost cresting the peak reached in 2022, while sales of apartments are now above the region’s ten-year seasonal average. This uniquely positions the apartment segment relative to the attached and detached segments where sales remained below the ten-year seasonal averages.”

What is your home worth in today's market? Give us a call for your FREE home evaluation!

BBQ TIPS

Thu, 06 Jul 2023 15:48:15 GMT

May 2023 Market Update

Wed, 07 Jun 2023 18:24:15 GMT

Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives

While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,411 in May 2023, which is a 15.7 per cent increase from the 2,947 sales recorded in May 2022, and a 1.4 per cent decline from the 10-year seasonal average (3,458).

“Back in January, few people would have predicted prices to be up as much as they are – ourselves included,” Andrew Lis, REBGV’s director of economics and data analytics said. “Our forecast projected prices to be up modestly in 2023 by about two per cent at year-end. Instead, Metro Vancouver home prices are already up about six per cent or more across all home types at the midway point of the year.”

Summer Activities for the Kids

Thu, 18 May 2023 17:48:00 GMT

April 2023 Market Update

Tue, 09 May 2023 19:28:04 GMT

With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with it.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,741 in April 2023, a 16.5 per cent decrease from the 3,281 sales recorded in April 2022, and 15.6 per cent below the 10-year seasonal average (3,249).

“The fact we are seeing prices rising and sales rebounding this spring tells us home buyers are returning with confidence after a challenging year for our market, with mortgage rates roughly doubling,” Lis said. “The latest MLS HPI® data show home prices have increased about five per cent year-to-date, which already outpaces our forecast of one to two per cent by year-end. The year is far from over, however, and it remains to be seen if these price increases will be sustained into 2024.”

March 2023 Market Update

Thu, 13 Apr 2023 19:05:40 GMT

Home prices across Metro Vancouver’s housing market showed modest increases in March, while new listings remained below long-term historical averages.

March data also indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,5352 in March 2023, a 42.5 per cent decrease from the 4,405 sales recorded in March 2022, and 28.4 per cent below the 10-year seasonal average (3,540).

“On the pricing side, the spring market is already on track to outpace our 2023 forecast, which anticipated modest price increases of about one to two per cent across all product types,” Andrew Lis, REBGV’s director of economics and data analytics said. “The surprising part of this recent activity is that these price increases are occurring against a backdrop of elevated borrowing costs, below-average sales, and new listing activity that continues to suggest that sellers are awaiting more favorable market conditions.”

Spring Gardening Tips

Mon, 20 Mar 2023 16:47:21 GMT

Recipe of the Month

Mon, 20 Mar 2023 16:41:35 GMT

Gnocchi Primavera

INGREDIENTS

Kosher salt
1 - 17.5 oz package of gnocchi
3 tbsp extra-virgin olive oil
1 leek (cut into 2 inch pieces)
8 oz sugar snap peas
8 small radishes, trimmed and quartered
Freshly ground pepper
2 tbsp unsalted butter
1/4 cup grated parmesan
1 tsp finely grated lemon zest
1 tbsp finely chopped parsley

DIRECTIONS

Bring a large pot of salted water to a boil. Add the gnocchi and cook as the label directs. Reserve 1 cup cooking water, then drain.
Meanwhile, heat the olive oil in a large skillet over medium-high heat. Add the leek and cook, stirring occasionally, until it softens and just starts browning, about 3 minutes. Add the radishes, sugar snap peas, 1/2 teaspoon salt and a few grinds of pepper. Cook, stirring often, until the peas are bright green and crisp-tender, 5 to 6 minutes.
Add the gnocchi to the skillet along with 3/4 cup of the reserved cooking water, the butter, grated parmesan, lemon zest and parsley. Remove from the heat and gently stir until the gnocchi are well coated and the cheese melts, adding more cooking water as needed to loosen. Top each serving with shaved parmesan.

Community Shout Out!

Mon, 20 Mar 2023 16:20:43 GMT

This is a special shoutout to one of our favorite local coffee shops located in

Maple Ridge. THE NUT isn't just about coffee, they are about healthy choices,

support local and work with over 45 small businesses.

When you enter THE NUT, you are welcomed with a smile and genuine kindness.

Not only do they have delicious coffee (brewed with JJ Beans), they also have an array of grab-and-go

eats and goods. (GF and Vegan options available) Head on over and say hi, you will be glad you did!

THE NUT is passionate about supporting local and work with over 45 small businesses.They are a hub

built for gathering and an incubator of community.

Keep an eye out for theie next Market where you will find a great selection of small makers from Maple Ridge.

https://thenut.ca/

February 2023 Market Update

Wed, 15 Mar 2023 17:01:14 GMT

We are seeing a shift in the market and it's a GOOD one!!!!

With the below average home sales, this has allowed an increase in inventory, Buyers....are you ready? Contact us today and let's begin the search for your new property!

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,808 in February 2023, a 47.2 per cent decrease from the 3,424 sales recorded in February 2022, and a 76.9 per cent increase from the 1,022 homes sold in January 2023. Last month’s sales were 33 per cent below the 10-year February sales average.

“It’s hard to sell what you don’t have, and with new listing activity remaining among the lowest in recent history, sales are struggling to hit typical levels for this point in the year,” said Andrew Lis, REBGV’s director, economics and data analytics. “On the plus side for prospective buyers, the below-average sales activity is allowing inventory to accumulate, which is keeping market conditions from straying too deeply into sellers’ market territory, particularly in the more affordably priced segments.”

January 2023 Market Stats

Mon, 13 Feb 2023 18:07:58 GMT

Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January.

Last month’s sales were 42.9 per cent below the 10-year January sales average.

Want to know what your home is currently worth? Give us a call today!

Residential Market Forecast - REBGV

Tue, 31 Jan 2023 18:19:39 GMT

Sales in 2023 to remain similar to 2022

Metro Vancouver home sales set or neared historic records in 2021 and 2022 on both ends of the spectrum. Sales activity hit a record high in March of 2021 and closed 2022 near historic lows after accounting for typical seasonal variation.

The key economic variable most responsible for this oscillation between extremes has been the spike in mortgage rates, as a result of the Bank of Canada rapidly raising the policy interest rate to quell inflationary pressures not seen in the country in more than thirty years.

Sales Forecast

Sales across Metro Vancouver are expected to reach approximately 28,500 in 2023. This represents a 2.6 per cent decrease over the 29,261 sales in 2022.

Home price forecasts

The average price across all product types for the REBGV area is forecast to reach approximately $1.2 million in 2023, which represents a 1.4 per cent increase over 2022. Prices for apartments, attached, and detached homes are projected to increase in price by approximately one to two per cent.

Risk of economic stagnation and higher mortgage rates

Related to the risk of an economic recession alone, is the risk of economic stagnation (or recession) paired with a continued increase in interest and mortgage rates.

Among the most difcult scenarios central banks can find themselves in is one economists term “stagflation”. This is a scenario where an economy is barely growing or is in recession, usually resulting in high unemployment, coupled with high inflation. In such a scenario, attempts of a central bank to rectify one situation can lead to exacerbating the other.

For example, a central bank choosing to increase the policy rate to fight inflation during a recession could lead to even greater unemployment. Conversely, lowering the policy rate to stimulate the economy while inflation remains elevated could lead to even higher inflation. It is a vexing problem, and no easy solutions exist. Ultimately, policymakers must make dificult choices between exacerbating inflation by trying to stimulate the economy or pushing up unemployment by trying to reign in inflation.

At the time of publication, this situation is fortunately not currently the case. However, given that inflation remains persistently elevated and other economic indicators (e.g., yield curve inversion, etc.) suggest economic trouble may be on the horizon, this potential scenario represents a reasonably foreseeable risk.

Summary of downside and upside risks

Downside risks

With regard to the foregoing, downside risks to the forecasts are at least twofold:

1. Sales could slow more significantly than forecast if the economy stalls and heads into a recession.

2. Valuations could be lower than forecast if the recession is accompanied by significant job losses, and persistently high (or rising) inflation, leading to even higher costs of borrowing

Upside risks

Upside risks to the forecasts are:

1. Sales activity and valuations could be higher than forecast if a recession is avoided and inflation declines more rapidly than expected, leading to meaningful reductions in the cost of borrowing.

*information taken from the Real Estate Board of Greater Vancouver

B.C. Rolls Out New Home Buyer Rescission Period

Wed, 18 Jan 2023 18:05:29 GMT

The Home Buyer Rescission Period, or 'cooling off period' was introduced Jan 3, 2023 across BC.

The new option gives buyers the right to rescind their offer up to three (3) clear business days after the offer is accepted (beginning at 12:00 am midnight the day after the accepted date, weekends and holidays are excluded). Business days, and holidays excluded.

If a buyer changes their mind, they must pay a 0.25% rescission fee (0.25% of the accepted offer price) to the seller within 14 days if the rescission is exercised.

The policy will apply to the following types of structures:

detached homes
semi-detached homes
townhouses
apartments
residential strata lots
manufactured homes affixed

All real estate licensees must provide general information on the HBRP to all consumers through a form approved by the Superintendent. Licensees must also provide an additional mandatory disclosure at the time of preparing an offer on behalf of, or presenting an offer to a client, containing all of the following notices:

that the HBRP cannot be waived,
the rescission period time length,
the dollar amount of the rescission fee,
the deposit handling, and
exemptions

10 THINGS EVERY HOMEOWNER SHOULD KNOW

Tue, 10 Jan 2023 23:32:52 GMT

There are some things every homeowner should know how to do...because chances are, you're going to have to learn them eventually and a lot of us learn them the hard way! Take a peek at this list!

How many can you do, right now?

What would you like to learn?

Change your own HVAC filters
Unclog a drain without using chemicals
Shut off your main water line
Clean out the dryer vent
Find the studs in your walls
Protect hardwood floors from furniture
Clear out the gutters
Reset a circuit breaker after a blown fue
Test smoke and carbon monoxide detectors

December 2020 Market Stats

Sun, 08 Jan 2023 00:39:00 GMT

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 28,903 in 2022, a 34.3 per cent decrease from the 43,999 sales recorded in 2021, and a 6.6 per cent decrease from the30,944 homes sold in 2020.

Have questions about the market and what is in store for 2023? Want to know what your home is worth? Give us a call today, we would love to chat!

Welcome Twinkle The Elf!

Wed, 07 Dec 2022 17:57:23 GMT

Twinkle the Realtor Elf has come all the way from the North Pole for some Realtor training! Her goal is to be the TOP Realtor at Noel Realty.

Make sure to click 'FOLLOW' on our Instagram page @teamtelep and follow along on her journey. I hope she behaves

https://www.instagram.com/teamtelep/

November 2022 Market Stats

Tue, 06 Dec 2022 17:58:00 GMT

November stats are in!

While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages.

Want the inside scoop? Want to chat about what the predictions will be for 2023?

Give us a call, we would love to chat!