BCREA Commercial Leading Indicator Continues to Rise
Vancouver, BC – May 28, 2015. In the first quarter of 2015, the BCREA Commercial Leading Indicator (CLI) rose 1.1 index points to 120.9, the fourth consecutive quarterly increase. The continued positive trend in the CLI is a strong indicator of future growth in the commercial real estate market.
"The BC economy is positioned to be a growth leader in 2015," said BCREA Economist Brendon Ogmundson. "A strong economic environment will be very encouraging to growth in commercial real estate activity this year."
A rising trend in the CLI generally points to increased investment, leasing and other commercial real estate activity two to four quarters ahead. Therefore, the momentum underlying the CLI for the past several quarters is a very positive sign for the BC commercial real estate market in 2015.
To view the full BCREA Commercial Leading Indicator index, click here. For more information, please contact:
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BCREA represents 11 member real estate boards and their approximately 18,500 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education.
To demonstrate the profession’s commitment to improving Quality of Life in BC communities, BCREA supports policies that encourage economic vitality, provide housing opportunities, respect the environment and build communities with good schools and safe neighbourhoods.
For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada’s real estate boards to ensure maximum exposure of properties listed for sale.
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