{"id":5072,"date":"2017-03-01T10:10:14","date_gmt":"2017-03-01T18:10:14","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=5072"},"modified":"2017-02-28T18:49:58","modified_gmt":"2017-03-01T02:49:58","slug":"bc-commercial-leading-indicator-ends-year-on-a-high-note","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2017\/03\/bc-commercial-leading-indicator-ends-year-on-a-high-note\/","title":{"rendered":"BC Commercial Leading Indicator Ends Year on a High Note"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 February 28, 2016. The BCREA Commercial Leading Indicator (CLI) increased for the fourth consecutive quarter, rising 1.5 index points from the third to fourth quarter. The index now sits at 123.9, a 5% increase from a year ago, and about a 1.2% gain on a quarterly basis.<\/p>\n<p style=\"text-align: justify;\">\u201cThe CLI was propelled higher by strong fourth quarter growth in the BC economy,&#8221; says BCREA Economist Brendon Ogmundson. &#8220;The strength of the underlying BC economy, particularly relative to the rest of Canada, makes BC a very attractive destination for commercial investment.&#8221;<\/p>\n<p style=\"text-align: justify;\">Five straight quarters of rising BC manufacturing sales and a second consecutive year of more than 6% growth in retail sales has driven the CLI to new heights this year. The underlying CLI trend, which smooths often noisy economic data, continues to push higher due to several quarters of strong economic statistics. That uptrend signals further growth in investment, leasing and other commercial real estate activity over the next two to four quarters.<\/p>\n<p style=\"text-align: justify;\">\u00a0\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/02\/BC-Commercial-Leading-Indicator.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5073\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/02\/BC-Commercial-Leading-Indicator-300x218.jpg\" alt=\"\" width=\"517\" height=\"376\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/02\/BC-Commercial-Leading-Indicator-300x218.jpg 300w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/02\/BC-Commercial-Leading-Indicator.jpg 692w\" sizes=\"auto, (max-width: 517px) 100vw, 517px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.bcrea.bc.ca\/docs\/news-2017\/2017-02-28CLI.pdf\" target=\"_blank\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 February 28, 2016. The BCREA Commercial Leading Indicator (CLI) increased for the fourth consecutive quarter, rising 1.5 index points from the third to fourth quarter. The index &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2017\/03\/bc-commercial-leading-indicator-ends-year-on-a-high-note\/\">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-5072","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BC Commercial Leading Indicator Ends Year on a High Note &#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\/2017\/03\/bc-commercial-leading-indicator-ends-year-on-a-high-note\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BC Commercial Leading Indicator Ends Year on a High Note &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 February 28, 2016. 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