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2025 Real Estate Brokerage Data Call Summary Report
BCFSA would like to extend our sincere thanks to all brokerages across the province that participated in the 2025 Brokerage Data Call. This year, we achieved a 94 per cent response rate for transaction data and 91 per cent for rescission data. Read the full 2025 Data Call Summary Report.
Highlights of the 2025 Data Call Summary Report
Based on 4,412 residential real estate transactions analysed, here are the 2025 Data Call highlights:
Multiple offers
Declining incidences: The number of multiple offers during the reported period declined in 2025 compared to previous years, with 22 per cent of reported transactions involving multiple offers, down from less than 30 per cent of reported transactions in both 2023 and 2024.
Region and property type: Multiple offers were more common in Census Metropolitan Areas (“CMAs”) and most prevalent in the Metro Vancouver Region, although the number of transactions with multiple offers decreased in Metro Vancouver compared to previous years. Single-family dwellings, condos, and residential dwellings with a suite were most commonly associated with multiple offers.
Offer acceptance: Approximately 56 per cent of transactions with multiple offers accepted the highest-priced offer.
Unconditional offers
Decreased and remain uncommon: Only 11 per cent of reported transactions were unconditional in 2025. This is a decrease from 14 per cent in both 2023 and 2024. This decline may reflect changes in the level of real estate market activity over the past year.
Regional variation: Unconditional offers were reported across all regions, varying from 5 per cent to 14 per cent. While more common in multiple offer situations, 6 per cent of transactions with a single offer were also unconditional.
Conditions
Increased use: In 2025, 88 per cent of accepted offers in the reported sample included at least one condition, an increase from previous years.
Most common: Home inspection (approximately 85 per cent), financing (approximately 81 per cent), and insurance (approximately 71 per cent) were the most frequently reported conditions.
Price and days on market
Longer market durations: In the reported sample, listings were on the market for an average of 56 days in 2025. This is a notable increase from 40 days in 2024 and 39 days in 2023.
Regional variation: Properties in the Association of Interior Realtors Board and the BC Northern Real Estate Board spent comparatively longer on the market than those closer to the Lower Mainland (Greater Vancouver Realtors Board, Fraser Valley Real Estate Board, and Chilliwack and District Real Estate Board). Listings outside of CMAs also experienced longer average market periods during the reporting period.
Sale price trends: The average sale price based on the reported sample was $997,689, and the average list price was $1,025,096. Approximately 87 per cent of properties sold at or below their listing price in the reporting period, which is higher than the 80 per cent observed in 2023 and 2024 sample data.
Buyer representation: 98 per cent of buyers were represented by a real estate licensee in their transactions within the reported sample. There was no notable variation in the percentage of unrepresented parties when broken down by real estate board area. This is the first year BCFSA collected this specific data.
Use of Home Buyer Rescission Period (HBRP)
Total rescissions: A total of 216 rescissions were submitted.
Average metrics: Based on the sample, the average time to rescind was three days, and the average rescission fee amount was $3,060.
Property types: Based on the sample, rescissions were most commonly reported for transactions involving detached homes (53 per cent), followed by residential strata lots (29 per cent) and townhouses (10 per cent).
Better data = better market understanding
Improved data quality: BCFSA noted an improvement in data quality compared to previous years, with minimal adjustments required due to enhancements in the IRIS submission platform.
We appreciate your submissions as they help BCFSA to better understand the real estate market, track trends over time, and evaluate and monitor the impact of policy and/or economic changes on real estate services. Read the full 2025 Data Call Summary Report.
Future Data Calls
BCFSA anticipates continuing to conduct data calls in 2026 and beyond. Information about upcoming data calls will be shared with managing brokers before the launch of the data call.
