D R Coell & Associates
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D R Coell & Associates
From a single commercial building to a portfolio of properties, we provide professional real estate appraisal & real estate valuation services to a broad base of clients in both the private and public sectors. Founded in 1974, the firm has grown into a recognized leader in real estate appraisals in the Victoria area, with the primary goal of delivering quality reports that are timely and competitive.

D.R. Coell & Associates offers commercial real estate appraisal and residential real estate appraisal services, replacement cost appraisals for insurance, depreciation reports, property tax consulting and litigation support.
Services
We are a group of dedicated real estate professionals that understands the value of teamwork and positivity. Our collaborative approach to helping our clients find the right professional for the right job, allows each member of our team to specialize in unique segments of the marketplace. Built on a foundation of hard work and accountability, our team believes in a balanced lifestyle, positive reinforcement and good old fashioned fun!
Whether you require a full narrative appraisal or simply seek advice, our team delivers accurate and timely appraisal services that will help you better understand your property and guide your business decisions accordingly. An appraisal is an estimate of value.

It can be provided orally but it is usually a written statement of market value, or value for loan purposes, or value as described by the appraiser of an adequately described property on a specific date and supported by the presentation and analysis of relevant data.
At D.R. Coell our reputation for excellence is based on decades of collective experience and strong industry connections. We offer timely, accurate commercial appraisals of all types of commercial property, including but not limited to office, industrial, retail, multi-family, institutional and vacant land.
Capital Plans and Reserve Fund Studies, also known as Depreciation Reports in BC, detail a property's common assets and project maintenance, repair and replacement costs over a 30-year timeframe. D.R. Coell & Associates has been producing exceptional quality capital plans and depreciation reports since BC legislated the reports in 2013.
D.R. Coell provides replacement cost appraisals of commercial, residential, and strata properties throughout Greater Victoria as well as across Vancouver Island, Gulf Islands and Mainland BC. With a dedicated insurance division, we protect your real estate investment by providing an accurate estimate of replacement cost.
Reviews (10)
Nick Bodie
Nick Bodie
Nov 01, 2021
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Liam Fast from D.R. Coell provided us with a sound appraisal for a complex property. His approach is methodical, scientific and extremely accurate. Liam is flexible and hardworking. I would not hesitate to recommend Liam and this firm to any prospective clients.
Steven Cox
Steven Cox
Sep 24, 2021
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We use DR Coell always. Banks respect their opinion. We are a real estate development company. Appraisers who understand development are scarce. It is essential for my business the appraiser can read plans, knows the upcoming market, and understands our position.
They manage to be fair to both the banks and the developer.
In addition, DR Coell is becoming a rare company. When you call Scott or Liam, THEY CALL BACK! Right away. They are organized and get the work done on time, and they price fairly. What more can you ask?
Jim Witter
Jim Witter
Sep 21, 2021
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D.R.Coell has been our go to land appraisal company for several decades. In particular, for matters relating to the complexities of marine property valuation and property tax appeals. I am sure we will continue this relationship into the future.
Catherine Garden
Catherine Garden
Aug 20, 2021
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Positive: Responsiveness
We have recommended D.R. Coell for Property Tax appeals and reviews with Commercial Property Owners. The work has resulted in savings and value to the Landlords and their Tenants.
Brian Holowaychuk
Brian Holowaychuk
Jul 02, 2021
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I have used D.R. Coell a few times now and they will continue to be my "go to" guys. One of our previous appraisals was for a new Self Storage facility and we are happy to report that their forecasted fulfillment time has turned out to be very realistic. On my last I appraisal requirement i was really in a tight time frame pinch and Liam was able to pull off a near miracle. Inspite of the crazy tight time frame the quality was top notch, and the information was very useful in our negotiations on the purchase, a super job. I wish all companies were as great as they are.
Colin Of Canada
Colin Of Canada
Jun 18, 2021
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Positive: Professionalism, Quality, Responsiveness, Value
I've been working with Liam at D.R. Coell & Associates for a few years now; I always, and I mean always, get thorough explanations of his rationale. He's been easy to reach- and when I have to call the office for bill payments or whatnot, the admin is on top of things. I love this company, and will continue to use them into the future.
Bijou Julian
Bijou Julian
Feb 10, 2021
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Complete frauds! Don’t trust this place. Liam Fast is the epitome of unprofessionalism. Liam conducted an appraisal of our home as we navigate through a divorce. He made numerous mistakes on the appraisal, and failed to actually take the time to fully and thoroughly inspect the house. He also verbatim recounted a conversation I had with him to my spouse who I am in the midst of divorce proceedings with. This place is bad news stay away. They are not ethical.
UPDATE- I have it all recorded... in fact he had my estranged husband hold the tape measure amongst other things when measuring the perimeter
Dan Hagel
Dan Hagel
Jan 15, 2021
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I requested the services of D.R. Coell a couple years ago to provide an appraisal for some clients of mine who were in the process of purchasing a commercial property. It was a very in-depth report which required specific detailed answers for the lender and both my clients and I were very impressed with the results.
Just last month, Liam Fast, provided me with an appraisal for a five unit conversion that I will be building and I was very happy with the detailed report and the realistic numbers. Liam was professional and thorough in his work and our interactions. As a realtor and builder, I would
Kyle Kerr
Kyle Kerr
Oct 26, 2019
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DR Coell has always been professional and provided great service to my clients over the years. Being a busy realtor in Victoria it's great to have a company you can rely on to provide timely advice and service when needed in tight timelines. Mishelle and Scott are always available to help provide guidance in situations when needed as well. All of the associates work hard and the team is a pleasure to work with.
Grace Lee
Grace Lee
Dec 10, 2013
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I chose D.R. Coell as a workplace as it offered me an exciting opportunity as an assistant research analyst. From the first day at the company I have felt welcome and relished the working ethos of a company expanding and growing plus the open hierarchy structure where everyone can come with their thoughts and suggestions. D.R. Coell is a growing company with a well-functioning team, with good development potential as well a real chance to make your mark in your own work tasks and particular field. There's a great work ethic here, with an easy atmosphere and tone. D.R. Coell has a good reputation