Most likely, especially if it's sustained like that. Shows you can perform academically, even though you had a rough start.
MUN can be pretty forgiving GPA-wise. The first time I applied my GPA was very mediocre, my EC's were very basic and I still received an interview as an NB resident. I never really understood how, but it happened. I guess they saw something in my application that they liked, as the website says that they take "a holistic approach" to evaluating applications.
That said, nothing in life is guaranteed but death and taxes and you never quite know what the competition in any given year will look like.
If you've got any questions feel free to PM me.