Commercial Leading Indicator News Release

For the complete news release, including a data table, click here.

For immediate release

CLI Signals Steady Economic Climate for Commercial Real Estate

Vancouver, BC – February 25, 2016. The BCREA Commercial Leading Indicator (CLI) broke a string of two consecutive declines, eking out a 0.1 point increase to an index value of 120.0 in the fourth quarter of 2015. On a year-over-year basis, the CLI was 0.4 per cent higher than in 2014.

Although the trend in the CLI is currently pointing to a neutral economic and financial environment for commercial real estate, the overall BC economy remains strong, particularly in comparison to its neighboring provinces.

"Financial market jitters offset solid gains from a strong BC economy," said BCREA economist Brendon Ogmundson. "We expect that the economic environment will remain supportive of steady growth in the commercial real estate market."

The CLI was virtually flat to end the year, which in combination with a falling index through the spring and summer has produced a flattening of trend underlying the index. That trend suggests that growth in commercial real estate activity will neither accelerate nor decelerate over the next two to four quarters.

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To view the full BCREA Commercial Leading Indicator index, click here.

For more information, please contact: 

Brendon Ogmundson
Economist
Direct: 604.742.2796
Mobile: 604.505.6793
[email protected]

Damian Stathonikos
Director of Communications and Public Affairs
Direct: 604.742.2793
Mobile: 778.990.1320
[email protected]

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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