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For immediate release
CLI Indicates Growing Activity in Commercial Real Estate
Vancouver, BC – May 27, 2016. The BCREA Commercial Leading Indicator (CLI) pushed higher in the first quarter of 2016, reflecting a strong and growing BC economy. The CLI index posted a 1.1 point increase to 120.8, eclipsing the previous index high of 120.1 set in the first quarter of 2015.
“The BC economy is surging,” said BCREA economist Brendon Ogmundson. “The economic climate in the province is, and is expected to remain, very conducive to rising commercial real estate activity over the next year.“
After flattening out for several quarters, the trend in the CLI is now reflecting the uilding momentum in the BC economy. Strong economic activity from rising retail ales to improvement in manufacturing hipments and wholesale trade along with a very strong provincial job market helped offset jittery financial markets to push the CLI to a record high in the first quarter.
Okanagan Real Estate Kelowna Vernon Penticton Summerland Oliver Naramata Update Raymond MAASKE 250.878.2218
Real Estate, Kelowna, Vernon, Penticton, Summerland, Oliver, Naramata, Update,
Raymond MAASKE, is an accountant and licensed real estate broker with considerable experience in commercial and residential Real Estate. He has owned and managed a wide range of businesses and continues to build solid relationships with businesses and BUYERS & SELLERS. Raymond MAASKE Real Estate Specialist, TerraCorp Real Estate Services 250.878.2218 | RaymondMAASKE@gmail.com | TerraCorpRealEstateServices.com | Skype: raymond.maaske | Okanagan, British Columbia, Canada
Raymond MAASKE, is an accountant and licensed real estate broker with considerable experience in commercial and residential development projects. He has owned and managed a wide range of businesses and continues to build solid relationships with businesses and investors in Asia, South and North America. He currently lives in Penticton, British Columbia, Canada