Recipe of the Month


Gnocchi Primavera


  • 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


  • 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!

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. 

February 2023 Market Update
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
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

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

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


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?

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

December 2020 Market Stats
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!
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


November 2022 Market Stats

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!

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.