(604) 971-1985
(604) 971-1986
[email protected]
Notary Public North Vancouver (Lonsdale)
Notary Public West Vancouver

Sign Up

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.

-30-

For more information, please contact:  

Brendon Ogmundson
Economist
Direct: 604.742.2796
Mobile: 604.505.6793
Damian Stathonikos
Director of Communications and Public Affairs
Direct: 604.742.2793
Mobile: 778.990.1320

© 2014- Jamie Taleb Notary Public | All Rights Reserved.
Vancouver Web Design & SEO by ProLoyalWeb

Back to Top