While money has been migrating away from Vancouver during the past few months, the shift may not be a permanent exit, said Robert Veerman, a CBRE sales associate. People are still trying to understand what the long-term effects will be of the British Columbia government’s policies.
“It’ll be very volatile for awhile but right now there’s no panic in the market, just some jitters,” Ho said. “How the government works out the policies moving forward a year, two years from now if they haven’t stabilized the psyche of the market, then would panic set in? I don’t know.”