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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

As Managing Director, Tyler is responsible for execution of Colliers business strategy on Vancouver Island.  Tyler has and 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. In May 2018, Tyler assumed the role of Managing Director for the Colliers Vancouver Island office.

Tyler's priorities include business development, employee engagement, professional development, recruiting, financial management and performance, market identity and public relations. Tyler also takes an active role to ensure that all services offered by Colliers are offered to our clients.

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