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 2014.

“Uncertainty in the global economy roiled financial and commodity markets in the second quarter,” said BCREA Economist Brendon Ogmundson. “However, BC’s nation leading economic growth should help to sustain commercial real estate activity through the end of the year.”

“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.

Best Regards.

 

Nouri Realestate Team

Sara Nouri  604-537-9764

Kam Nouri  604-537-4463

Royalty Group Realty

112 – 3721 Delbrook Av,

North Vancouver, BC

V7N 3Z4

Medallion Award,

Top 10% of Realtors in the Greater Vancouver