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Victoria Multifamily Report 2021 YTD

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research article

In the first half of 2021, the Greater Victoria market generated $408 million, representing some 1,300 units sold or contracted.

  • A significant contributing factor to this historic sales volume came as a result of the sale, in May of this year, of a privately owned, eight-building, 537-unit apartment portfolio at a reported value of around $160M.
  • To help address the housing crisis issues, the public sector has continued to acquire purpose-built rental stock, accounting for 13% (176 units) of total unit acquisition levels in 2021 (YTD).

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Victoria Multifamily Report 2021 YTD

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Tyler Dolan

Managing Director, Vancouver Island and Okanagan

Victoria

yler Dolan is the Managing Director, Vancouver Island and Okanagan responsible for the execution of Colliers business strategy in the region. He is also the National Debt Advisory Lead for Canada.

Tyler has been active in the commercial real estate industry since 2001, and spent the majority of his career in both real estate and commercial finance with major financial institutions.

Tyler joined Colliers’ Leadership Team in May 2018 working with advisors and operations staff on the success of their clients’ real estate needs. His priorities include business development, employee engagement, professional development, recruiting, market identity, financial management and performance.

Tyler is an alumnus of Royal Roads University with a Bachelor of Commerce, Camosun College with a Diploma in Business Administration, and UBC Sauder School of Business in Mortgage Brokerage Brokerage and Real Estate Trading Services in British Columbia.

Tyler is a past Board Member of the Downtown Victoria Business Association, Peninsula Minor Hockey Association, the Urban Development Institute, and the Victoria Brain Injury Society.

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Austin Cope

Associate Broker

Victoria

Austin has a focused interest in land and investment sales in Greater Victoria, through which he has formed a thorough understanding of the commercial transaction process and prevailing market conditions.

Born and raised in White Rock, B.C. Austin then attended the Peter B. Gustavson School of Business at the University of Victoria, graduating in 2020 with a Bachelor of Commerce and a specialization in International Business.

Before starting his career in brokerage, Austin gained exposure to research, marketing, business development, and valuation by completing two cooperative work terms with Colliers and spending a year as a research analyst with Colliers. Austin’s previous experience gives him an excellent understanding of the Victoria market, accelerating his success in commercial real estate.

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