Changes to member dues and fees in January 2024

To help your Board maintain a sound financial position within today’s inflationary environment and to invest in key strategic priorities going forward, certain member dues and fees will increase beginning January 1, 2024.

Most of the changes are cost-of-living adjustments that align with the inflationary trends measured by the Consumer Price Index for Metro Vancouver. The annual CPI increase in the region for 2023 was 5.9 per cent.

Annual member dues will increase $37 a year from $707 to $744.

Other changes include a $7 per month increase to the Monthly MLS®’s Fixed Transaction Fee and a new $14.58 per month fee for commercial candidates to access our Commercial Broadcast email system. (Note: Candidates are members of the commercial network who are not yet qualified to be Commercial Network Members.)

“With a weakened Canadian dollar and historically high inflation levels persisting, we must occasionally adjust our fees to ensure we can fund the operational, technological, and strategic investments we need to make to best serve you over the long term,” Jeff King, REBGV CEO said. “We strive to minimize these increases as often as possible and we appreciate members’ support with this change.”

Here is a summary of what’s changing:

REBGV’s funding model accounts for incremental inflation that occurs over time, including regular, but modest, annual cost of living increases. This model is intended to help us avoid the more disruptive cycle of introducing larger fee increases after prolonged periods of no change.

These changes are the result of a careful review of the organization’s financial position and were recently approved by the Board of Directors. You can expect to see these adjustments reflected on your invoices in 2024.