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Despite a global pandemic that has decimated economies around the world, Victoria’s real estate market continued to chug along in April, albeit at a much slower pace.

Property managers, landlords and building owners are bracing for bad news today, as the COVID-19 pandemic’s effect on the economy is expected once again to disrupt the property rental market.

sa¹ú¼Ê´«Ã½â€™s housing market will take an initial a dive due to the coronavirus-driven recession, but it is expected to recover next year, says the industry’s association. Sales throughout sa¹ú¼Ê´«Ã½

Municipal leaders are growing increasingly concerned that affordable-housing projects and other developments could be in jeopardy if local governments are unable to hold public hearings during the COVID-19 outbreak.

The Victoria Tenant Action Group and Landlord sa¹ú¼Ê´«Ã½ are each calling for more government support as the COVID-19 crisis hammers many renters and property owners.

Due to the COVID-19 outbreak, the Property Assessment Appeal Board has extended the appeal deadline for property assessments to June 1.

The Greater Victoria real estate market felt the effects of the COVID-19 pandemic in March, according to sales figures released Wednesday, but it’s bracing for much worse this month and beyond.

April 1 came and went without much in the way of clarity for renters and landlords in sa¹ú¼Ê´«Ã½, many of whom remain unsure how to proceed with payments in the coming weeks. Uncertainty has led to speculation on both sides.

Rent supplement will be paid directly to landlords, in cases where tenants are struggling to pay rent due to income lost through virus crisis

Local real estate agents are adopting safety measures as a new market report anticipates sales will drop this spring and early summer as COVID-19 takes its economic toll.