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BC Commercial Leading Indicator Surges Higher


Blog by Ben Gauer | September 6th, 2017


        For the complete news release, including detailed statistics, click here.

For immediate release

BC Commercial Leading Indicator Surges Higher

Vancouver, BC – September 6, 2016. The BCREA Commercial Leading Indicator (CLI) posted its largest increase since 2009, rising by 3.7 index points in the second quarter of 2017 to 133.1. That increase represents a 2.8 per cent rise over the first quarter and a 6.6 per cent increase from one year ago.

“The sustained rise in the CLI reflects strong growth in sectors of the economy beneficial to commercial real estate activity," says BCREA Economist Brendon Ogmundson. "An uptick in economic activity last quarter further reinforces the already strong trend in the CLI and points to continued growth for commercial real estate."

The underlying CLI trend, which smooths often noisy economic data, continues to push higher due to strong provincial economic and employment growth. That uptrend signals further growth in investment, leasing and other commercial real estate activity over the next two to four quarters.

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To view the full BCREA Commercial Leading Indicator index, click here.

For more information, please contact Ben Gauer at 604-581-3838.


To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods.

For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada's real estate boards to ensure maximum exposure of properties listed for sale.

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