Commercial Leading Indicator News Release

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

For immediate release

CLI Indicates Growing Activity in Commercial Real Estate

Vancouver, BC – May 27, 2016. The BCREA Commercial Leading Indicator (CLI) pushed higher in the first quarter of 2016, reflecting a strong and growing BC economy. The CLI index posted a 1.1 point increase to 120.8, eclipsing the previous index high of 120.1 set in the first quarter of 2015.

"The BC economy is surging," said BCREA economist Brendon Ogmundson. "The economic climate in the province is, and is expected to remain, very conducive to rising commercial real estate activity over the next year."

After flattening out for several quarters, the trend in the CLI is now reflecting the building momentum in the BC economy. Strong economic activity from rising retail sales to improvement in manufacturing shipments and wholesale trade along with a very strong provincial job market helped offset jittery financial markets to push the CLI to a record high in the first quarter.

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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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