{"id":7611,"date":"2017-11-30T09:51:11","date_gmt":"2017-11-30T17:51:11","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=7611"},"modified":"2017-11-30T09:51:11","modified_gmt":"2017-11-30T17:51:11","slug":"growth-continues-in-the-bc-commercial-real-estate-sector","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2017\/11\/growth-continues-in-the-bc-commercial-real-estate-sector\/","title":{"rendered":"Growth Continues in the BC Commercial Real Estate Sector"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 November 30, 2016. The BCREA Commercial Leading Indicator (CLI) increased for a ninth consecutive quarter, rising 2 points in the third quarter of 2017 to 135.3. That increase represents a 1.7% rise over the second quarter and a 7.3% increase from one year ago.<\/p>\n<p style=\"text-align: justify;\">\u201cA booming BC economy continues to drive the CLI higher,&#8221; says BCREA Economist Brendon Ogmundson. &#8220;While we expect that the almost unprecedented cycle of above-trend growth in the BC economy will end next year, the overall economic environment remains very supportive.&#8221;<\/p>\n<p style=\"text-align: justify;\">The underlying CLI trend, which smooths often noisy economic data, continues to push higher due to strong provincial economic and employment growth. That uptrend signals further growth in investment, leasing and other commercial real estate activity over the next two to four quarters.<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/11\/BC-Commercial.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-7612\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/11\/BC-Commercial-300x219.jpg\" alt=\"\" width=\"556\" height=\"406\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/11\/BC-Commercial-300x219.jpg 300w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2017\/11\/BC-Commercial.jpg 768w\" sizes=\"auto, (max-width: 556px) 100vw, 556px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.bcrea.bc.ca\/docs\/news-2017\/2017-11-30CLI.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 November 30, 2016. The BCREA Commercial Leading Indicator (CLI) increased for a ninth consecutive quarter, rising 2 points in the third quarter of 2017 to 135.3. That &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2017\/11\/growth-continues-in-the-bc-commercial-real-estate-sector\/\">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-7611","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>Growth Continues in the BC Commercial Real Estate Sector &#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\/11\/growth-continues-in-the-bc-commercial-real-estate-sector\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Growth Continues in the BC Commercial Real Estate Sector &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 November 30, 2016. 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