BC Commercial Leading Indicator Continues to Signal Strength in 2012

Vancouver, BC – May 31, 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.

Commercial Real Estate BC

“The trend in the CLI has turned sharply upward, reflecting several months of strong underlying data,” said Brendon Ogmundson, BCREA Economist.  “This signals a potential acceleration commercial real estate activity in the subsequent two to four quarters.”

This quarter’s increase in the CLI was driven by calmer global financial conditions to start 2012 as Euro-based fears cooled. The financial component of the CLI accounted for over one-third of CLI’s gain in the first quarter, with manufacturing output and employment growth also making a significant contribution.

“However, given the re-emergence of fears surrounding the Eurozone, last quarter’s gains may be only temporary,” added Ogmundson.

Kamloops Home For Sale: 6-800 Valhalla Drive, Brocklehurst, B.C. $199,900

Brocklehurst Kamloops Townhouse for SaleSpacious Brock townhouse with 4 bedrooms and 2 bathrooms, 2 car tandem carport and private yard. The 4th bedroom makes a great rec room! Many updates include furnace, hw tank, central a/c, appliances, front door, deck stairs and bathroom. There is laminate throughout and neutral colors. Located steps from transportation, schools and shopping.

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Kamloops Business For Sale: Downtown Formal Clothing Store, $150,000

Kamloops Business OpportunityBusy formal clothing store that has a large inventory of many different brands. Tons of business potential for the right person or perfect second location for an established business in another city. 2500 sq ft of prime retail location in the heart of shopping on a busy corner. Lots of window display on two sides, nice and bright. Large fitting rooms and mirrored staging area. Sewing room in back.

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Featured Property: 2900 Cheakamus Place, Juniper Heights Benchlands, Kamloops, B.C. $799,900

2900 Cheakamus Place Juniper Heights Real EstateImmaculate 2 year old Juniper Heights Benchlands executive bungalow with over 4,300 square feet of living space. Bright open design featuring a large gourmet kitchen with stainless steel appliances, granite counter tops and custom finishing. Large great room design with huge windows featuring beautiful valley and lake views. Large stamped concrete patio off the kitchen & master bedroom. There is a one bedroom & den on the main floor (den could be converted to a bedroom) and three bedrooms down. This home features extra high ceilings on both floors. This home is all wired for sound with compatible with your MP3 players (plug and play). There is also a built in vacuum. Master ensuite is spacious and has a large shower & recessed jetted tub with lights. Walk out basement is very bright, huge rec room, large theater room & spacious unfinished soundproof space under the garage (350 sq.ft.). There is also 450 square feet of unfinished space above garage ready for your ideas. Extra large garage to accommodate toys. Recently landscaped, low maintenance yard with rock and drought resistant plans. Large exposed aggregate driveway poured to finish off the curb appeal of this beautiful home.

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Kamloops Home For Sale: 134 Clarke Street, South Kamloops West End, B.C. $409,800

South Kamloops West End Property for SaleGreat family home in a quiet west end neighbourhood. Very bright and inviting with 3 bedrooms and 2 bathrooms, huge family room and living room. This home has been kept immaculate and is very well maintained. There are in ground sprinklers, a detached shop that is wired and a single car carport. Large private yard with flower beds and room for your veggie garden. Lots of parking and room for an RV or your toys. Day before notice appreciated.

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Kamloops Home For Sale: 642 Duncan Avenue, North Kamloops, B.C. $339,900

North Kamloops Property for Sale In Ground PoolGreat family home with 16×32 inground pool in quiet area. Level entry with 5 bedrooms & 2 bathrooms, 2 fireplaces (gas & wood) inground sprinklers, single car carport, separate basement entry with suite potential & huge patio off of the dining room. The backyard is set up perfect for entertaining with concrete patios around the pool & tons of privacy. Located minutes from the Rivers Trail, waterfront, shopping, schools & transportation. Don’t miss out on this great home. Quick possession possible.

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Kamloops Home For Sale: 308 Calcite Place, Logan Lake, B.C. $269,900

Logan Lake Property for SaleTwo storey home on a huge flat lot in a quiet cul-de-sac. This 2 storey home features 4 bedrooms on the 2nd level with 4 piece bathroom & 2 piece ensuite. The main floor features a large kitchen with adjoining family room, living room & formal dining room. The kitchen & family room lead to the back patio & yard. There is a 3 piece bathroom on the main floor. The basement features a huge area that is partially finished & is perfect for a children’s play room. There is a 2 car garage & room for an RV or boat. The yard is partially fenced. Min 24 hours notice for showings.

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