KELOWNA, BC, Sept. 28, 2016 /CNW/ – Much of Western Canada continued to experience slower market activity in the first half of the year as regional economies continued to recover from the downturn in the oil sector. In B.C.’s Lower Mainland, by contrast, activity was brisk and prices continued to increase significantly in the commercial property market. The total dollar value of commercial real estate sales in the Lower Mainland in the first half of the year was $7.135 billion, an increase of 94 per cent over 2015, with land the most in-demand property type.

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