BC Commercial Leading Indicator Signals Robust Growth

The BCREA Commercial Leading Indicator (CLI) increased for the fifth consecutive quarter, rising 0.5 index points from the fourth quarter of 2016 to the first quarter of 2017. The index now sits at 128.0, a 4 per cent increase from a year ago and a 0.4 per cent gain on a quarterly basis. “The rising CLI mirrors the overall robust trend in the provincial economy,” says BCREA Economist Brendon Ogmundson. “The commercial real estate sector stands to benefit from BC’s strong economic growth through increased demand for commercial space and the attraction of invesment dollars.” 

The underlying CLI trend, which smooths often noisy economic data, continues to push higher due to ongoing strength in economic activity, particularly from the retail and wholesale trade sectors. That uptrend signals further growth in investment, leasing and other commercial real estate activity over the next two to four quarters.

Provided By: BCREA

Coquitlam News

November home sales outpace seasonal norms and long-term averages
Housing demand in Metro Vancouver* continues to outpace historical averages with November sales eclipsing...
More...
Just Sold: 478 Mundy St., Coquitlam, Central Coquitlam
Luxury living at its finest. Top to bottom, in/out no expense spared. This 8bed/10bath/3-car garage/7136sqft...
More...
Canadian home sales remain historically strong in October
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales continued...
More...
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.