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Mid-Island Multifamily Report Q4 2018

Mid-Island Multifamily Report Q4 2018
  • The trend of REITs’ and private equity groups’ emerging status in the mid-Island markets continued in 2018
  • Colliers forecasts the total number of rental units completed in 2019 will surpass the 310 units delivered to the market in 2018
  • The largest contributor to the annual sales volume in 2018 was Realstar Group’s purchase of two new-build apartment buildings in Nanaimo, consisting of 177 units for a total of $45.15 million

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