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January Market Update (Tri Cities)

January market remains busy, especially for apartment and townhouses in Coquitlam, Port Moody and Port Coquitlam. 
There's still a lot of competing offers on new listings that are priced properly. The "Active to Sale" ratio-how many places are selling vs how many are listed is still quiet high. 
The single-family market is a little slower. Overall, we anticipate inventory to build slightly and prices to remain or increase slightly throughout the year.