GVR has finalized a landmark data-sharing agreement with the BC Financial Services Authority (BCFSA) that provides an exemption for all GVR member brokerages and managing brokers from the regulator’s 2026 residential Data Call for transactions in the GVR board area.

This agreement is designed to improve efficiency, enhance collaboration with the regulator, and reduce the compliance workload placed on our Brokers in recent years.

Under the new arrangement, BCFSA will receive real-time access to GVR residential transaction data, greatly reducing the need for manual reporting. In return, GVR will gain real-time access to BCFSA licensing data, helping streamline our support for members.

“We see this partnership as a new model for how the profession and its regulator can work together in Canada—focused on collaboration, efficiency, and strengthening consumer protection,” said Jeff King, GVR CEO. “The agreement focuses on achieving a smarter, more efficient workflow that strengthens regulatory oversight in our industry while giving brokerages back valuable time spent today on compliance.”

While the exemption removes the obligation to submit residential transaction data within GVR’s area, brokerages will still need to report:

• Transactions that occur outside GVR’s jurisdiction; and
• Information related to the Home Buyer Rescission Period (HBRP).

BCFSA is treating this as a pilot program and may explore expanding it across the province if it proves beneficial.

• Read the joint GVR–BCFSA announcement
• Visit BCFSA’s 2026 Data Call webpage

If you have questions, we’re here to support you. Stay tuned for more information as it becomes available.