While you could be forgiven for not following the Commercial Leading Indicator Reports for British Columbia, as it generally relates to the Commercial Real Estate Sector, it does provide some useful economic indicators, which do impact the Residential Real Estate Market.
The financial component, for instance, can act as an early-warning indicator from financial markets of potential turning points in the Commercial Real Estate market which can also affect the Residential Sector.
Commercial Leading Indicator Q3 Highlights:
• Economic Activity:
Retail sales declined 2.3%on a quarterly basis, after adjusting for inflation, and were 1.8% lower year - over 1 year. Retail sales continue to slow sharply from 2017, during which retail sales grew more than 9%. Wholesale trade was also down in the third quarter, falling by 0.1%. That was the first quarterly decline in wholesale trade in 5 quarters. Sales in the manufacturing sector were essentially flat in the...