BCREA's Commercial Leading Indicator Declines in Q2 2011
The British Columbia Real Estate Association (BCREA) Commercial Leading Indicator (CLI) decreased 0.4 points to 108.1 in the second quarter of 2011. BCREA Economist Brendon Ogmundson attributes the drop to weak growth in retail sales and employment, as well as a decline in manufacturing sales. Low longterm interest rates, however, may help stimulate investment activity in the province.
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