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Victoria Multi-Family Market Report Q4 2019

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research article

Given the strong demand fundamentals that continue to dominate Greater Victoria’s rental housing sector, downward pressure on vacancy rates continue to exert upward pressure on rental rates.

  • Institutional investors and REITS showed increased investor interest in Greater Victoria through 2019 with apartment sales at a high of $500M with increased demand for newly built product. 
  • The Greater Victoria rental vacancy rate sits below 2% for the sixth consecutive year. 
  • Average rental rates increased by 3.4% from $1,170 per month in 2018 to $1,221 in 2019. 

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Victoria Multi-Family Market Report Q4 2019

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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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