Commercial Leading Indicator News Release
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For the complete news release, including a data table, click here.

For immediate release

Commercial Leading Indicator Signals Modest Growth

Vancouver, BC – December 6, 2018. The BCREA Commercial Leading Indicator (CLI) was essentially unchanged from the second to the third quarter of 2018. Compared to this time one year ago, the index is 1.3 per cent higher.2018-12CLI 

“Slowing activity, particularly in the retail sector, led to a flattening of the CLI last quarter,” says BCREA Deputy Chief Economist Brendon Ogmundson. “A flattening index tends to point to a slower, yet still positive growth environment over the next year.”

While overall economic activity supportive of increased demand for commercial real estate has moderated, the third quarter did see a significant jump in office employment. If that increase is sustained, it would reflect an increased need for office space in the future, leading to increased investment and leasing activity in the office sector.

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

For more information, please contact: 

Brendon Ogmundson
Deputy Chief Economist
Direct: 604.742.2796
Mobile: 604.505.6793
[email protected]




The British Columbia Real Estate Association (BCREA) is the professional association for about 23,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province's 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.

To demonstrate the profession’s commitment to improving Quality of Life in BC communities, BCREA supports policies that encourage economic vitality, provide housing opportunities, respect the environment and build communities with good schools and safe neighbourhoods.

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