Commercial Leading Indicator News Release

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

For immediate release

BC Commercial Leading Indicator Ends Year on a High Note

Vancouver, BC – February 28, 2017. The BCREA Commercial Leading Indicator (CLI) increased for the fourth consecutive quarter, rising 1.5 index points from the third to fourth quarter. The index now sits at 123.9, a 5 per cent increase from a year ago, and about a 1.2 per cent gain on a quarterly basis.

"The CLI was propelled higher by strong fourth quarter growth in the BC economy," says BCREA Economist Brendon Ogmundson. "The strength of the underlying BC economy, particularly relative to the rest of Canada, makes BC a very attractive destination for commercial investment."

Five straight quarters of rising BC manufacturing sales and a second consecutive year of more than 6 per cent growth in retail sales has driven the CLI to new heights this year. The underlying CLI trend, which smooths often noisy economic data, continues to push higher due to several quarters of strong economic statistics. 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]





BCREA represents 11 member real estate boards and their approximately 20,000 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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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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