Jeffrey Qián 錢 曄 // 778-238-2014 // info@jeffreyqian.com

BCREA Commercial Leading Indicator Continues to Rise

In the first quarter of 2015, the BCREA Commercial Leading Indicator (CLI) rose 1.1 index points to 120.9, the fourth consecutive quarterly increase. The continued positive trend in the CLI is a strong indicator of future growth in the commercial real estate market.

“The BC economy is positioned to be a growth leader in 2015,” said BCREA Economist Brendon Ogmundson. “A strong economic environment will be very encouraging to growth in commercial real estate activity this year.”

A rising trend in the CLI generally points to increased investment, leasing and other commercial real estate activity two to four quarters ahead.  Therefore, the momentum underlying the CLI for the past several quarters is a very positive sign for the BC commercial real estate market in 2015.

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
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.