Commercial real estate index hits record high

September 1, 2016 10:42 pm


A closely watched barometer of commercial real estate action has hit its highest level in history, propelled by strong growth in the provincial economy, according to the BC Real Estate Association (BCREA).

BCREA’s Commercial Leading Indicator (CLI) increased 1.7 index points in the second quarter to a new high of 122.2, up 2.2 per cent compared to the second quarter of 2015.

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