Comparative Market Analysis
Also known as: CMA · Comparative Market Analysis (CMA)
A realtor-prepared market-opinion report supporting a recommended listing price; not an appraisal under the BC Appraisal Institute framework and not accepted by federally-regulated lenders as the appraisal of record.
A Comparative Market Analysis (CMA) is a written report a BCFSA-licensed REALTOR® prepares for a seller (or prospective seller) to support a recommended listing price. A typical BC CMA includes (a) 3-6 recent comparable sales from the same neighbourhood or submarket, adjusted for square footage / lot size / condition / features / view, (b) the current active listings as a competitive snapshot, (c) recently expired or withdrawn listings as overpricing signals, and (d) the realtor's recommended listing range and pricing strategy.
For sellers, the CMA is the standard pre-listing decision-support document — every credible BC listing strategy starts with one. For buyers, a CMA can be requested by an agent to support offer-strategy benchmarking. Critically, a CMA is NOT an appraisal under the BC Appraisal Institute framework — it does not carry the regulatory standing of a CRA / AACI / RI-designated appraiser's report. Federally-regulated lenders will not accept a CMA as the appraisal of record; lenders require a fee-paid appraisal from a designated appraiser under the federal Bank Act framework. Use the CMA for pricing strategy; use the appraisal for financing.
Related terms
- Designated Agency — BC's real estate agency model since June 15, 2018: the agency relationship is between the client and the individual licensee, not the brokerage; dual agency is prohibited except in narrow remote-market exceptions.
- BC MLS Rules of Cooperation — The BC framework — Real Estate Services Rules (BC Reg 209/2021) plus BCFSA Standards of Conduct — that governs how listings are shared via member-board MLS systems and requires single-agent designated agency in place of dual agency.
See also
Use any of these formats. Codex content is licensed under CC BY 4.0 — attribution required.
@misc{bronsonjob-bc_cma_overview,
author = {Job, Bronson},
title = {{BC Comparative Market Analysis (CMA) framework}},
howpublished = {BC Real Estate Codex},
year = {2026},
url = {https://www.bronsonjob.com/codex#bc.cma.overview},
urldate = {2026-05-22},
note = {Fact ID: bc.cma.overview, version 1.}
}Job, B. (2026). BC Comparative Market Analysis (CMA) framework. *BC Real Estate Codex*. Retrieved 2026-05-22, from https://www.bronsonjob.com/codex#bc.cma.overview
BC Comparative Market Analysis (CMA) framework — Bronson Job PREC, BC Real Estate Codex (2026-05-22). https://www.bronsonjob.com/codex#bc.cma.overview
Fact id: bc.cma.overview · v1 · machine-readable: /api/v1/facts/by-id/bc.cma.overview.json
Verified sources (2)· re-verified 2026-05-22Click to expand
Every claim on this page is sourced to a primary government, regulator, or industry-association URL. We re-verify quarterly; the verification dates below show when each source was last confirmed against the live government page.
- BCFSAretrieved 2026-05-22BCFSA — Real Estate Services Ruleshttps://www.bcfsa.ca/industry-resources/real-estate-professional-resources/knowledge-base/real-estate-services-rules
- BCREAretrieved 2026-05-22BCREA Standard Forms — Listing Contracthttps://bcrea.bc.ca/standard-forms/
bc.cma.overview · v1View in Codex →License: This definition is licensed under CC BY 4.0. Cite as: "Comparative Market Analysis", BC Real Estate Glossary by Bronson Job, https://www.bronsonjob.com/glossary/comparative-market-analysis.
