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
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
"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.
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.
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