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Victoria Multifamily Report 2021

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research article

The Greater Victoria multifamily market had a record-breaking year in 2021. This was a result of high demand, stable returns, and low interest rates.

  • Investment activity was at an all-time high, and the total transaction volume reached $862,000,000. This exceeded the 2020 volume at $402,000,000.
  • Average price per suite for new builds rose 12% year-over-year (YoY) to $369,167. For existing builds, that increase was 22% YoY to $289,589.
  • 1-bedroom units reach an average monthly rental price of $1,214, up 2.4% YoY. 2-bedroom units reached an average monthly rental price of $1,571, up 4.2% YoY.

Victoria Multifamily Report 2021

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Pour plus d’informations, veuillez contacter:

Tyler Dolan

Managing Director | Vancouver Island


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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Leo Lee

Directeur national Opérations, Recherche | Canada

Toronto West

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