A massive infusion of offshore cash into the Lower Mainland’s multi-family residential property market is “disrupting the local development and investor communities,” resulting in bidding wars and a surge in the value of real estate sales. A report by well-known apartment property analysts David Goodman and his son Mark also notes the region’s vacancy rates continue to drop and tenants in some parts of the region are being hit with rent hikes of more than five per cent.

Large inflows of permanent immigrants (about 240,000 in the past year) coupled with the misfortune of commodity-producing regions have redirected …