BCFSA and Greater Vancouver Realtors Agree to Information Sharing Partnership to Enhance Data-Driven Regulatory Oversight and Reduce Reporting Burden

BC Financial Services Authority (BCFSA) and the Greater Vancouver Realtors (GVR) have entered into an information-sharing partnership designed to strengthen data-driven regulatory oversight and reduce reporting burden for real estate professionals.

In today’s fast-changing economic environment, timely, high-quality data is essential for effective regulation. This partnership marks a significant step toward a more effective, responsive regulatory framework that benefits both consumers and industry professionals.

Through this partnership, BCFSA will receive access to real estate transaction data occurring in the GVR area. Access to real-time transaction data will help BCFSA identify trends, monitor the implications of regulatory requirements, and support early intervention into systemic risks.

In exchange for streamlined access to transaction level data from GVR, BCFSA will be providing GVR with on demand access to BCFSA licensing data. Brokerages and managing brokers that are members of the GVR will also be exempt from submitting residential real estate transaction data for properties listed and sold within the region as part of the 2026 Data Call. Brokerages in the GVR area must still submit data for sold listings outside the GVR area, as well as information on the use of the Home Buyer Rescission Period (HBRP). 

“BCFSA is focused on using data to gain sharper insights, direct resources where they matter most, and ease compliance burdens. This agreement with GVR gives us real-time access to data—essential for smarter, more responsive regulation that strengthens compliance, shapes policy, and spots emerging risks early,” said Jon Vandall, Senior Vice President, Financial Professionals at BCFSA.

“The real estate profession, and the more than 14,500 REALTORS® we represent across Greater Vancouver, support a well-regulated, safe, and efficient real estate marketplace for consumers. Through this partnership with BCFSA, we aim to demonstrate that commitment by helping ensure regulatory policy and oversight in our province are always guided by comprehensive, evidence-based insights that protect the interests of property buyers and sellers in British Columbia,” said Jeff King, GVR CEO.

The partnership is being tested as a pilot program to evaluate whether it provides mutual benefits for BCFSA and GVR before assessing whether the program can be rolled out more broadly across BC.

BCFSA will also be engaging with other real estate boards and the British Columbia Real Estate Association to advance a shared vision for comprehensive, streamlined data sharing across the province.

2026 Data Call

Since 2021, BCFSA has conducted annual data calls to collect detailed information on residential real estate transactions across the province. The data calls typically include fields such as property type, sale price, transaction dates and brokerage details.

BCFSA will continue its annual data call in 2026 and will require brokerages to submit new fields related to commission to better understand how real estate services are delivered, including how much consumers pay for real estate services in British Columbia, and how commission intersects with other industry practices.

For more information about BCFSA’s data call, visit the 2026 Data Call webpage.

About BCFSA

BC Financial Services Authority (“BCFSA”) is the province’s regulator for the financial services sector to help protect British Columbians during some of the most important financial decisions of their lives. As a Crown agency of the Government of British Columbia, BCFSA oversees credit unions, trust companies, insurance companies, pension plans, mortgage services, real estate services, real estate development and money services. BCFSA also administers the Credit Union Deposit Insurance Corporation of British Columbia (“CUDIC”). BCFSA has a mandate to instill confidence in the financial services sector by focusing on the safety and soundness of regulated entities and consumer protection.

Media Contact

Kate Bilney
Manager, Communications
Email: media@bcfsa.ca
Visit: www.bcfsa.ca