Friday, May 23, 2025

At the Canadian Real Estate Association’s (CREA) Annual General Meeting (AGM) in April, delegates voted in favour of an increase to the new member initiation fee to $500 from $200. 

The new member initiation fee applies to members joining CREA for the first time or members who are rejoining the association after a period of 24-months.

According to CREA, the fee has remained unchanged since 2006 while there have been major investments and increases in services since then. The increase to $500 better reflects the current benefits they provide and will be used to replenish CREA’s Contingency Reserve Fund.

As of June 1, 2025, Greater Vancouver REALTORS® will be adjusting the CREA portion of new member entrance fees to $500 for applicable members.