Wednesday, December 18, 2024

To help your association maintain a sound financial position within today’s inflationary environment, compounded by a weakened Canadian dollar, we’re increasing certain member dues and fees beginning January 1, 2025.

These adjustments will allow GVR to address rising business costs and continue to invest in technology tools and service enhancements to strengthen and innovate the products and customer experiences we provide.

Here is a summary of what’s changing:

 

Current (2024)

As of January 2025

Change

Member

Active member dues

$62/month

$62.50/month

$0.50

MLS® end fee

$232/sale

$235/sale

$3

Monthly MLS® fixed transaction fee

$85/month

$90/month

$5

Listing processing fee

$40/listing

$45/listing

$5

Sentrilock fees

$16/month

$20/month

$4

MLS® Reciprocity

$40/month

$45/month

$5

Entrance fee – new member

$100 (one-time)

$105 (one-time)

$5

Lockbox price

$196 (one-time)

$200 (one-time)

$4

Brokerage

Entrance fee – corporate branch

$100 (one-time)

$105 (one-time)

$5

Entrance fee – corporate main office

$500 (one-time)

$510

$10

Corporate main office fee

$50/quarter

$51.25/quarter

$1.25

Non-member

MLS® subscriber fee – primary user

$85.83/month

$87.50/month

$1.67

MLS® subscriber fee – secondary user

$47.25/month

$48.33/month

$1.08

 

GVR’s funding model accounts for incremental inflation that occurs over time, including regular, but modest, annual inflationary-based adjustments. This model seeks to help GVR 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 for the year ahead. You can expect to see these adjustments reflected on your invoices starting January 1, 2025.