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Victoria Multifamily Market Report 2020 Q4

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research article

Despite the economic and social challenge brought on by the global pandemic, the Victoria Multifamily sector saw a continued success as total sales in the apartment rental sector were more than $423 Million in 2020.

  • The average rates for rental units saw a 3.3% rise from $1,221 in Q4 2019 to $1,275 in Q4 2020 in the Greater Victoria market.
  • REITs and institutional investors continue to maintain more focus on not only the Greater Victoria market but on the Mid Island markets of Nanaimo, Courtenay, and Comox as well.

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Victoria Multifamily Market Report 2020 Q4

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For More Information, Please Contact:

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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