Commercial Leading Indicator News Release
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For the complete news release, including a data table, click here.

For immediate release

BC Commercial Leading Indicator Signals Robust Growth

Vancouver, BC – May 30, 2017. The BCREA Commercial Leading Indicator (CLI) increased for the fifth consecutive quarter, rising 0.5 index points from the fourth quarter of 2016 to the first quarter of 2017. The index now sits at 128.0, a 4 per cent increase from a year ago and a 0.4 per cent gain on a quarterly basis.

"The rising CLI mirrors the overall robust trend in the provincial economy," says BCREA Economist Brendon Ogmundson. "The commercial real estate sector stands to benefit from BC's strong economic growth through increased demand for commercial space and the attraction of invesment dollars."

The underlying CLI trend, which smooths often noisy economic data, continues to push higher due to ongoing strength in economic activity, particularly from the retail and wholesale trade sectors. That uptrend signals further growth in investment, leasing and other commercial real estate activity 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]




The British Columbia Real Estate Association (BCREA) is the professional association for more than 22,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province's 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.

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.

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