Colliers Victoria's highly anticipated annual Market Reception took place in February, offering a dynamic and engaging in-person event that brought together top industry professionals and clients for insightful panel commentary and a riveting guest speaker.
Real estate involves much more than simply searching for a property, and Colliers recognizes that. As trusted advisors, they provide their clients valuable business advice, marketing insights, and real estate expertise that helps align their clients’ goals to their real estate needs. At Colliers Victoria, they understand that educating the market and actively contributing to industry discussions is crucial for driving progress and creating a shared level of expertise. By prioritizing this collaborative approach, they strive to advance the real estate industry.
A panel of Colliers’ experts features a look at the market.
On February 9th, Colliers Victoria hosted its annual Market Reception for clients and industry professionals. The event provided a platform for attendees to engage in meaningful conversations and gain valuable insights into the current real estate landscape. This year, the event returned to an in-person format at the Union Club in Victoria, following a virtual format in 2022 due to the pandemic.Tyler Dolan, Managing Director of Vancouver Island and Okanagan, and National Debt Advisory Practice Group Leader, welcomed the attendees and introduced Colliers Brokerage President, Daniel Holmes, who moderated a panel of distinguished real estate experts from Colliers British Columbia. The panel included Madeleine Nicholls, Senior Managing Director of Vancouver and National Retail Practice Group Leader; Anna Wray, Vice President of Victoria; Grant Evans, Senior Vice President of Victoria; and Ty Whittaker, Executive Vice President of Victoria.
The panel explored critical issues currently facing the commercial real estate space, both nationally and locally on Vancouver Island, across various sectors, including retail, office, investment, multi-family, and industrial. The insights by the Colliers experts highlighted the opportunities present in a market navigating unique economic challenges.
Watch a recording of the full panel available here: https://www.youtube.com/watch?v=gxIOUmkHTGg
Following the panel discussion, Colliers Victoria hosted Benjamin Tal, Managing Director and Deputy Chief Economist at CIBC Capital Markets Inc. Benjamin is a renowned economist with a notable reputation for his groundbreaking research on topics ranging from labour market dynamics and real estate to credit markets, international trade, and business economic conditions. His insights guide economic discussions and set the agenda for conversation, including with the central bank.
Insights from one of Canada’s premier economists.
During the event, Benjamin seamlessly combined humour and detailed insights to provide the audience with a comprehensive understanding of various economic factors impacting the real estate industry today. He covered a wide range of topics, including historical inflation, rising interest rates, the impact of social media on economic policy reporting, and the employment market. His in-depth knowledge and expertise captivated the audience and provided valuable insights for attendees to consider in their business strategies.
The event concluded with a casual networking session where attendees to connect and catch-up in an in-person setting.
Thank you to Benjamin Tal, Daniel Holmes, Madeleine Nicholls, Anna Wray, Grant Evans, Ty Whittaker, Tyler Dolan, and Simon Philp, Market Vice President, Commercial Banking, CIBC for your insights, expert commentary, and contributing to the conversation.