Commercial Leading Indicator News Release

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

For immediate release

CLI Points to Stable Commercial Real Estate Activity Next Year

Vancouver, BC – November 25, 2015. The BCREA Commercial Leading Indicator (CLI) declined for a second consecutive quarter, falling 0.2 index points in the third quarter to 120.0. The index was still 1.2 per cent higher year-over-year, due to strong momentum from 2014 that carried into the early months of this year.

Third quarter jitters in financial markets and modest employment losses overwhelmed strong gains in provincial economic activity to pull the CLI lower.

"The BC economy remains very strong," said BCREA economist Brendon Ogmundson. "This underlying strength should help to offset some of the temporary financial market, as well as other factors that pulled the CLI lower over the summer."

A flattening underlying trend in the CLI points to some stability in commercial real estate activity on the horizon, though a very strong economic climate in the province should continue to support modest growth in the commercial market.


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

For more information, please contact: 

Brendon Ogmundson
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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