{"id":25050,"date":"2024-12-17T10:10:24","date_gmt":"2024-12-17T18:10:24","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=25050"},"modified":"2024-12-16T15:18:06","modified_gmt":"2024-12-16T23:18:06","slug":"bcrea-3rd-quarter-commercial-leading-indicator-highlights","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2024\/12\/bcrea-3rd-quarter-commercial-leading-indicator-highlights\/","title":{"rendered":"BCREA 3rd Quarter Commercial Leading Indicator Highlights"},"content":{"rendered":"<p style=\"text-align: justify;\">The BCREA Commercial Leading Indicator fell 0.2 points to 145.6 in the third quarter of 2024, while the six-month moving average also fell to 145.7. Compared to the same quarter in 2023, the index was up 0.3%.<\/p>\n<p style=\"text-align: justify;\"><strong>Third Quarter Highlights<\/strong><\/p>\n<p style=\"text-align: justify;\">\u2022 The economic activity index declined in Q3 by 0.2 points. Contraction in this index was broad-based, with inflation-adjusted retail trade (-0.3%), wholesale trade (-0.7%), and manufacturing sales (-0.3%) falling from the previous quarter.<\/p>\n<p>\u2022 Office employment (financial, insurance, real estate, and professional services) fell by 3.3% in the third quarter, while manufacturing employment increased by 0.8%. The overall employment component declined by 0.6% from the previous quarter, contributing negatively to the index.<\/p>\n<p>\u2022 The financial component of the index increased in the third quarter by 0.7 points. Real Estate Investment Trust (REIT) prices rose by 10.2%, pushing the component up. Conversely, interest rate spreads increased from the previous quarter, indicating more perceived short-term risk in the economy. However, this effect only partially offsets the strong increase in REIT prices, leading to a net positive impact on commercial activity for the overall component.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/2024-12-cli-report.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the full report.<\/p>\n<p><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/commercial-leading-indicator\/\" target=\"_blank\" rel=\"noopener\">Commercial Leading Indicator Fell in Third Quarter 2024<\/a> by Amit Sidhu | Economist | BCREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BCREA Commercial Leading Indicator fell 0.2 points to 145.6 in the third quarter of 2024, while the six-month moving average also fell to 145.7. Compared to the same quarter &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2024\/12\/bcrea-3rd-quarter-commercial-leading-indicator-highlights\/\">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":[8,13],"tags":[],"class_list":["post-25050","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA 3rd Quarter Commercial Leading Indicator Highlights &#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\/2024\/12\/bcrea-3rd-quarter-commercial-leading-indicator-highlights\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA 3rd Quarter Commercial Leading Indicator Highlights &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The BCREA Commercial Leading Indicator fell 0.2 points to 145.6 in the third quarter of 2024, while the six-month moving average also fell to 145.7. Compared to the same quarter &hellip; [read more]\" \/>\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\\\/2024\\\/12\\\/bcrea-3rd-quarter-commercial-leading-indicator-highlights\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/12\\\/bcrea-3rd-quarter-commercial-leading-indicator-highlights\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"BCREA 3rd Quarter Commercial Leading Indicator Highlights\",\"datePublished\":\"2024-12-17T18:10:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/12\\\/bcrea-3rd-quarter-commercial-leading-indicator-highlights\\\/\"},\"wordCount\":194,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\",\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/12\\\/bcrea-3rd-quarter-commercial-leading-indicator-highlights\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/12\\\/bcrea-3rd-quarter-commercial-leading-indicator-highlights\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2024\\\/12\\\/bcrea-3rd-quarter-commercial-leading-indicator-highlights\\\/\",\"name\":\"BCREA 3rd Quarter Commercial Leading Indicator Highlights &#8226; 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