{"id":12796,"date":"2019-06-18T10:10:25","date_gmt":"2019-06-18T17:10:25","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=12796"},"modified":"2019-06-16T08:49:09","modified_gmt":"2019-06-16T15:49:09","slug":"stabilizing-commercial-activity-in-q1","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/06\/stabilizing-commercial-activity-in-q1\/","title":{"rendered":"Stabilizing Commercial Activity in Q1"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 June 5, 2019. The BCREA Commercial Leading Indicator (CLI) rose by 1.3 points to 135.2 in the first quarter of 2019. Compared to this time one year ago, the index is 1.1% higher.<\/p>\n<p style=\"text-align: justify;\">\u201cWhile economic activity remained tepid at the start of 2019, a rebound in financial markets pushed the CLI higher,\u201d says BCREA Deputy Chief Economist Brendon Ogmundson. \u201cThat signals a lower risk environment, but a slowing economy may impact future commercial real estate activity.\u201d<\/p>\n<p style=\"text-align: justify;\">Following several years of robust growth, the BC economy continues to slow in the early part of 2019. The economic activity component of the CLI posted a third consecutive quarterly decline. Employment in key commercial real estate sectors was mixed. The CLI measure of office employment now sits at an all-time high, which signals strong future demand for office space. Volatile financial markets led to recent swings in the underlying CLI index, but the trend remains flat, pointing to stable commercial activity in 2019.<\/p>\n<p>\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=12797\" rel=\"attachment wp-att-12797\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-12797\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/06\/commercial-288x209.gif\" alt=\"\" width=\"565\" height=\"410\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.bcrea.bc.ca\/docs\/news-2019\/2019-06-05CLI.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.bcrea.bc.ca\/news-and-publications\/news-room\/news-releases\/commercial-leading-indicator-news-release\" target=\"_blank\" rel=\"noopener noreferrer\">CLI Points to Stabilizing Commercial Activity in 2019 Q1<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 June 5, 2019. The BCREA Commercial Leading Indicator (CLI) rose by 1.3 points to 135.2 in the first quarter of 2019. Compared to this time one year &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/06\/stabilizing-commercial-activity-in-q1\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-12796","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stabilizing Commercial Activity in Q1 &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/06\/stabilizing-commercial-activity-in-q1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Stabilizing Commercial Activity in Q1 &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 June 5, 2019. The BCREA Commercial Leading Indicator (CLI) rose by 1.3 points to 135.2 in the first quarter of 2019. Compared to this time one year &hellip; [read more]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/06\/commercial.gif\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/06\\\/stabilizing-commercial-activity-in-q1\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/06\\\/stabilizing-commercial-activity-in-q1\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Stabilizing Commercial Activity in Q1\",\"datePublished\":\"2019-06-18T17:10:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/06\\\/stabilizing-commercial-activity-in-q1\\\/\"},\"wordCount\":176,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"image\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/06\\\/stabilizing-commercial-activity-in-q1\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/commercial-288x209.gif\",\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/06\\\/stabilizing-commercial-activity-in-q1\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/06\\\/stabilizing-commercial-activity-in-q1\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/06\\\/stabilizing-commercial-activity-in-q1\\\/\",\"name\":\"Stabilizing Commercial Activity in Q1 &#8226; 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