6 Key Trends in B.C. Real Estate from BCFSA’s 2025 Data
Each year, the BC Financial Services Authority (BCFSA) collects data from real estate brokerages to better understand how buyers and sellers are navigating the market. Their 2025 data call — based on over 4,400 residential transactions from early this year — offers a snapshot of how deal-making is evolving in a higher-rate, slower-paced market.
It also includes insight into how the Home Buyer Rescission Period (HBRP) was used throughout 2024.
Here are six takeaways worth knowing:
1. Bidding Wars Are Less Common
In 2025, just 22% of reported sales involved multiple offers, down from roughly 30% in 2023 and 2024.
And even when there were multiple bids, only 56% of sellers accepted the highest-priced offer — suggesting other factors like flexible terms or certainty are increasingly driving decisions.
2. Unconditional Offers Are Rare
Only 11% of all accepted offers in 2025 were unconditional, a drop from 14% in previous years. That’s a strong sign the days of “no subjects” may be behind us — at least in this slower environment.
Interestingly, even some single-offer scenarios (6%) still came in unconditional, showing that buyer competition isn’t the only reason people waive conditions.
3. Conditions Are Back — and Increasing
This year, 88% of accepted offers included at least one condition — a notable increase. The most common were:
- Home inspection – included in ~85% of conditional offers
- Financing – ~81%
- Insurance – ~71%
These numbers suggest that buyers are being more careful — and that sellers are more open to accepting terms they might’ve once rejected in hotter markets.
4. Homes Are Taking Longer to Sell
The average home took 56 days to sell in 2025, up from 40 days in 2024 and 39 days in 2023.
Meanwhile, 87% of homes sold at or below their list price, compared to 80% in previous years. That’s a clear sign the market is slower — and buyers have more leverage.
5. Buyers Are Almost Always Represented
One new data point this year: 98% of buyers used a licensed real estate agent in their transaction.
That’s a strong vote of confidence in professional representation — and a reminder that even in a cooler market, navigating contracts, pricing, and risk still calls for expert help.
6. Rescission Rights Are Being Used — But Rarely
Under the Home Buyer Rescission Period, buyers can back out of a deal within 3 business days (with a fee). In 2024:
- 216 rescissions were reported
- The average rescission fee was $3,060
- Most occurred with detached homes (53%), followed by condos (29%) and townhomes (10%)
- Average time to rescind: 3 days
It’s a tool being used — but not abused.
But Read the Fine Print
While this report gives useful insight into current buyer and seller behaviour, it comes with two important caveats:
- Limited Timeframe: The data reflects a short window (February 16 to March 15, 2025) and may not represent longer-term market conditions. BCFSA cautions against drawing broad conclusions from this single snapshot.
- Regional Differences: The trends aren’t uniform across the province. Some regions saw more unconditional offers, longer days on market, or different price dynamics than others — meaning these results won’t apply equally in every market.
Full Report
Read the full 2025 Data Call Summary Report
If You’re Looking in North or West Vancouver
Local markets behave differently — and the North Shore is no exception. While these province-wide numbers show broad shifts in buyer and seller behaviour, what’s happening in West or North Vancouver right now could look very different.
Whether you’re considering a presale or looking at resale listings, our team can help you interpret this data in the context of your street, your budget, and your goals.
Let’s talk about what this means for you — and what to watch for in your next move.