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Victoria Apartment Uptick


Colliers AVP Ken Cloak is looking ahead to an upcoming trip to Penticton to spend some time on the beach with the grandkids. The reason he can think of relaxing: There's been a significant jump in the dollar volume of Victoria apartment trades from 2013, he tells us. Estimated sales to date have already surpassed the $23M in total sales recorded last year. Greater Victoria had seven apartment sales in the first half of 2014—a combined value of $38.3M—notably Christie Point Apartments to Realstar Group and Seaview Towers to Starlight Investments. And multifamily activity will remain strong, he forecasts. (His family can agree that's a good thing.)