Vancouver, BC – May 28, 2015. 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.
For the complete news release, including detailed statistics, click: here.
Copyright British Columbia Real Estate Association. Reprinted with permission.
