2018 Annual Report

Embracing change

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President's Report

In reflecting on our history, one thing is clear: we’re a resilient group.

We’ve dealt with many challenges over the decades, and faced each one armed with expert knowledge, tenacity, and courage.

That’s the REALTOR® spirit, and the 100-year history of our Board is evidence of this spirit. We’ve always stood up to challenges and adversity throughout our existence, and we continue to do so today.

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CEO's Report

My first day at REBGV was in February 1978—41 years ago.

While I don’t quite go back to our 1919 founding, I have many memories to draw upon in our centennial year.

We’ve benefited from exceptional leadership in our history. So many people have left positive marks on the Real Estate Board of Greater Vancouver.

Financials

Total revenue in 2018 was $25.1 million compared to $26.6 million in 2017, an overall decrease of 6%.

Total expense in 2018 was $24.8 million compared to $24.7 million in 2017, an overall increase of less than half of one per cent.

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    Sales

    Total unit sales on MLS® for 2018 were 25,051 compared to 37,456 for 2017, declining by 31%.

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    Listings

    Total listings on MLS® for 2018 were 55,086 compared to 56,060 for 2017, declining by 1%.

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    Membership

    Active membership increased to 14,406 from 14,184. Corporate membership increased to 597 corporate members from 590.

Our Volunteers

Year after year, dedicated REALTORS®, Brokers, and staff work together to better serve members and strengthen our profession. To the many volunteers we had the pleasure to work with this year on committees and task forces, thank you for giving us your time and expertise.

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2018 REALTORS Care® Blanket Drive volunteers
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Volunteering for Aunt Leah's Place