Thursday, 31 May 2012
BCREA Commercial Leading Indicator continues to rise in 2012
The BCREA Commercial Leading Indicator (CLI) rose for the
third consecutive quarter, advancing 1.3 index points, or 1.2 per cent, to a revised index level of 111.91.
On a quarter over-quarter basis, the CLI is now 3.2 per cent above its
level in the first quarter 2011.
The trend in the CLI has turned sharply upward, reflecting several months of strong underlying data. This signals a potential acceleration of commercial real estate activity in
the subsequent two to four quarters.
To read the rest of the report please view http://www.bcrea.bc.ca/docs/economics-forecasts-and-presentations/clireport_.pdf
Tel 250 864 1707