The 2016 market finished off on a strong and positive note! December was a very solid month for both residential and condo properties with sales in each class outperforming the same month in 2015. 2016 was a bit slow to start, but by April the market was in full swing. In fact we saw 5 months last year where unit sales were the highest on record! Overall residential class properties saw prices holding steady with a modest price increase of 1.5% year over year. Inventory has been low through the fall, and all signs for the spring market are that it will be active. Average days on market for the year was 91, but we are still seeing the core central neighbourhoods outperforming that number. The condo class properties are seeing a good recovery after a few tough years. Prices have positive growth for condos and we are looking forward to this trend continuing.

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