{"id":25422,"date":"2025-03-04T10:10:40","date_gmt":"2025-03-04T18:10:40","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=25422"},"modified":"2025-03-04T10:19:16","modified_gmt":"2025-03-04T18:19:16","slug":"bcrea-commercial-activity-rebounding-in-q4-2024","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2025\/03\/bcrea-commercial-activity-rebounding-in-q4-2024\/","title":{"rendered":"BCREA Commercial Activity Rebounding in Q4-2024"},"content":{"rendered":"<p style=\"text-align: justify;\">The BCREA Commercial Leading Indicator (CLI) rose 1.3 points to 149.8 in the fourth quarter of 2024, while the six-month moving average rose to 148.8. Compared to the same quarter in 2023, the index was down 0.2 per cent.<\/p>\n<p style=\"text-align: justify;\"><strong>Fourth Quarter Highlights<\/strong><\/p>\n<p style=\"text-align: justify;\">\u2022 The economic activity index rose in Q4 by 1.9 points. Growth in this index was broad-based, with inflation-adjusted retail trade (0.7%), wholesale trade (0.5%), and manufacturing sales (0.6%) rising from the previous quarter.<\/p>\n<p>\u2022 Office employment (financial, insurance, real estate, and professional services) rose by 0.1% in the fourth quarter, while manufacturing employment fell by 0.2%. The overall employment component declined by 0.1 points from the previous quarter, contributing negatively to the index.<\/p>\n<p>\u2022 The financial component of the index decreased in the final quarter by 0.5 points. Real Estate Investment Trust (REIT) prices fell by 9.7%, driving the component down. Additionally, interest rate spreads saw modest increases from the previous quarter, indicating slightly more perceived short-term risk in the economy. Both components combine into a net negative 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\/2025-02-cli-report.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the full Commercial Leading Indicator PDF.<\/p>\n<p><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/commercial-leading-indicator\/\" target=\"_blank\" rel=\"noopener\">Commercial Leading Indicator Jumps in Fourth Quarter 2024<\/a> by Amit Sidhu | Economist | BCREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BCREA Commercial Leading Indicator (CLI) rose 1.3 points to 149.8 in the fourth quarter of 2024, while the six-month moving average rose to 148.8. Compared to the same quarter &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2025\/03\/bcrea-commercial-activity-rebounding-in-q4-2024\/\">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-25422","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 Commercial Activity Rebounding in Q4-2024 &#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\/2025\/03\/bcrea-commercial-activity-rebounding-in-q4-2024\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Commercial Activity Rebounding in Q4-2024 &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The BCREA Commercial Leading Indicator (CLI) rose 1.3 points to 149.8 in the fourth quarter of 2024, while the six-month moving average rose to 148.8. 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\\\/2025\\\/03\\\/bcrea-commercial-activity-rebounding-in-q4-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2025\\\/03\\\/bcrea-commercial-activity-rebounding-in-q4-2024\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"BCREA Commercial Activity Rebounding in Q4-2024\",\"datePublished\":\"2025-03-04T18:10:40+00:00\",\"dateModified\":\"2025-03-04T18:19:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2025\\\/03\\\/bcrea-commercial-activity-rebounding-in-q4-2024\\\/\"},\"wordCount\":190,\"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\\\/2025\\\/03\\\/bcrea-commercial-activity-rebounding-in-q4-2024\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2025\\\/03\\\/bcrea-commercial-activity-rebounding-in-q4-2024\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2025\\\/03\\\/bcrea-commercial-activity-rebounding-in-q4-2024\\\/\",\"name\":\"BCREA Commercial Activity Rebounding in Q4-2024 &#8226; 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