Regulatory Statement

Purpose

This Regulatory Statement establishes the form and content of BC Financial Services Authority’s (BCFSA) 2026 Real Estate Brokerage Data Call (2026 Data Call).

Background Information

Through the 2026 Data Call, BCFSA is collecting data on residential real estate market sales and the use of the Home Buyer Rescission Period (HBRP) from all B.C. brokerages and managing brokers licensed to provide trading services. This 2026 Data Call builds on previous data collection efforts, and supports an evidence-based understanding of the functioning of the real estate market and informs regulatory decision-making in relation to market-driven risks consumers may be facing within B.C.’s real estate market. Participation in the data call is mandatory for all trading services brokerages and managing brokers and a failure to respond may result in the issuance of administrative penalties.

Requirements

The 2026 Data Call requirements are established by the Superintendent of Real Estate (Superintendent) pursuant to section 93.1 of the Rules and apply to all brokerages and managing brokers that are licensed to provide trading services. The 2026 Data Call requirements, which include the reporting of data on residential real estate transactions and the use of the HBRP, are set out in detail below. Submissions are due on April 17, 2026, and must be submitted via the Integrated Regulatory Information System (IRIS).

Exemption for GVR Members

Brokerages that are members of the Greater Vancouver Realtors (GVR Board) and their managing brokers are exempt from providing residential real estate transaction data for transactions involving property located within the geographical area served by the GVR Board, as set out in Appendix A. BCFSA will obtain the relevant transaction data directly from the GVR Board. However, brokerages and managing brokers that are members of the GVR Board that list and sell properties outside of the GVR Board area are still required to submit real estate transaction data for those transactions.

Reporting of NIL Transactions/Recissions

If a brokerage (other than members of the GVR Board) has no real estate transactions to report, the managing broker(s) must still complete a NIL submission in the IRIS portal.

All brokerages and managing brokers (regardless of whether they are members of the GVR Board) are still required to report data on the use of the HBRP for the 2025 calendar year. If a brokerage does not have any relevant information to provide, the brokerage/managing broker(s) must make a NIL submission reporting no rescissions in the IRIS portal.

Detailed instructions on how to make the required submissions, and additional information about the 2026 Data Call is available on the BCFSA website.

Transaction Data Requirements

Listing brokerages and their managing brokers (except those who are exempted) are jointly responsible for submitting a report on all sales of residential real property* with a firm date between February 15, 2026 and March 14, 2026 where the brokerage provided services to the seller. If a brokerage does not have any relevant information to provide, the brokerage/managing broker(s) must make a submission in IRIS reporting no transactions.

*Residential real property is defined in section 1 of the Home Buyer Rescission Period Regulation and includes:

1. Detached house;
2. Semi-detached house;
3. Townhouse;
4. Apartment in a duplex or other multi-unit dwelling;
5. Residential strata lot, as defined in section 1 (1) of the Strata Property Act;
6. Manufactured home that is affixed to land;
7. Cooperative interest, as defined in section 1 of the Real Estate Development Marketing Act, that includes a right of use or occupation of a dwelling.

The specific information which brokerages are required to report is listed below:

Data Requested	Description
Local real estate board or association where the property is located	The name of the local real estate board where the subject property is located
Property address	The address of the listed property (as set out in the Workbook), including property identifier (e.g., Parcel ID).
Date of listing agreement	The date the seller and the licensee entered into a listing agreement.
List price on date of offer acceptance	The list price of the subject property on the date of offer acceptance
Date of offer acceptance	The date on which the seller accepted the offer
Firm date	The date on which the contract of purchase and sale became firm
Sale price	The final sale price of the property
Total number of offers received	The total number of offers received on the subject property
Price of highest not-accepted offer	The price of the highest offer that the seller did not accept
Unconditional offer	Information on whether the accepted offer was unconditional
Home inspection condition	Information on whether the accepted offer included a condition precedent for a home inspection
Financing condition	Information on whether the accepted offer included a condition precedent for confirmation of financing
Insurance condition	Information on whether the accepted offer included a condition precedent for confirmation of insurance
Other conditions	Information on whether the accepted offer included any conditions precedent other than a home inspection, financing, and insurance
PDS incorporated into final contract	Information on whether a Property Disclosure Statement (“PDS”) was completed (not struck out) and incorporated into the final contract
Name of the seller’s representative(s)	The name of the representative(s) who is providing real estate services to the seller (or team name if applicable) (as set out in the Workbook)
Name of the buyer’s representative	The name of the representative who is providing real estate services to the buyer (or team name if applicable) (as set out in the Workbook)
Name of buyer’s brokerage	The name of the brokerage that is providing real estate services to the buyer.
Gross Commission	The total commission paid to the listing brokerage by the seller for the real estate transaction.
Listing Brokerage Commission	The commission kept by the listing brokerage.
Buyer’s Brokerage Commission	The commission shared with the buyer’s brokerage.

HBRP Data Requirements

Listing brokerages and their managing brokers are jointly responsible for submitting a report on all rescissions of a contract for the purchase and sale of residential real property* under s. 42 of the Property Law Act which occurred on or between January 1 – December 31, 2025. If a brokerage does not have any relevant information to provide, the brokerage/managing broker(s) must make a submission in IRIS reporting no rescissions.

The specific information which brokerages are required to report is listed below:

Data Requested	Description
Local real estate board or association where the property is located	The name of the local real estate board where the subject property is located
Property address	The address of the listed property (as set out in the Workbook), including property identifier (e.g., Parcel ID).
Property type	The type of residential real property.
List price on date of offer acceptance	The list price of the subject property on the date of offer acceptance
Sale price	The final sale price of the property
Date of offer acceptance	The date on which the seller accepted the offer
Rescission notice date	The date the rescission notice was sent by the buyer
Amount payable on rescission	The amount of rescission fee the buyer was required to pay the seller.

Additional Information

Mandatory Compliance Required

Response to the 2026 Data Call is mandatory for all trading services brokerages and their managing brokers. Section 93.1 of the Real Estate Services Rules (“Rules”) requires licensees to provide records and information pursuant to requests by the Superintendent and in accordance with the requirements specified by the Superintendent.  

Section 93.1 is a Category A designated contravention pursuant to section 26 of the Rules, and is subject to an administrative penalty of $1,000 for a first contravention and $2,000 for any subsequent contravention under section 27 of the Rules.

Failure to respond to the 2026 Data Call may result in the issuance of administrative penalties to the brokerage and its managing broker(s).

Publication of Results

BCFSA intends to publish the aggregate results of the 2026 Data Call in a summary report. This is consistent with the approach taken in previous years. The report will provide a general overview of the data collected as well as any observable trends or analysis. The report is intended to inform industry and the public on general market conditions and consumer risks.

For more information, please see the resources below:

• BCFSA and GVR News Release 
• 2025 Data Call Website and Instructions 
• Data Call Advisory 
• 2025 Real Estate Brokerage Data Call and HBRP Summary Report  

Legislation

Real Estate Services Rules, s. 93.1
RESA, s. 122

Copies of the legislation are available from www.bclaws.gov.bc.ca

Appendix A

GVR Board Area

• City of Burnaby
• City of Coquitlam
• City of Maple Ridge
• The Corporation of the City of New Westminster
• The Corporation of the City of North Vancouver
• The Corporation of the District of North Vancouver
• City of Pitt Meadows
• The Corporation of the City of Port Coquitlam
• City of Port Moody
• City of Richmond
• The City of Delta
• District of Squamish
• Sunshine Coast Regional District
• City of Vancouver
• The Corporation of the District of West Vancouver
• Resort Municipality of Whistler

Regulatory Statements issued by BC Financial Services Authority (“BCFSA”) establish the form, content, or timing of a regulatory submission; prescribe the manner of meeting or enforcing a requirement existing in an enactment; and/or provide BCFSA’s interpretation of the laws that BCFSA administers. Accordingly, BCFSA expects regulated entities (and others where applicable) to use the form or process, and/or to comply with the requirements set out in a Regulatory Statement. Regulatory Statements may refer to law, practice, or background existing at the time of publication. If relying on the legal information contained in a Regulatory Statement, confirm that any references to the law, including enabling legislation, are up to date and obtain independent legal advice, when needed. Regulatory statements are effective on the date of their publication, unless stated otherwise.