VIREB

What VIREB does

VIREB (Vancouver Island Real Estate Board) is a not-for-profit, member-based real estate association founded in 1951 and headquartered at 6374 Metral Drive in Nanaimo, British Columbia. The association serves more than 1,000 REALTOR® members operating in communities from the top of the Malahat to the northern tip of Vancouver Island, across seven sub-regions: Campbell River, Comox Valley, Cowichan Valley, Nanaimo, Parksville/Qualicum, Port Alberni, and North Island. Its mandate is to advance and promote the interests of real estate professionals and represent members' and public concerns on legislation and community vitality at all government levels. VIREB is a member of The Canadian Real Estate Association (CREA) and adheres to the CREA Privacy Code.

The organization's core product is the VIREB Property Listings Portal, a Multiple Listing Service® (MLS®) platform powered by Xposure™ that enables residential and commercial property search across Vancouver Island with filters for area, price, property type, beds/baths, size, and open houses. The platform integrates an IDX Reciprocity agreement that displays listings from the Victoria Real Estate Board and the Association of Interior REALTORS®. Supporting products include a dedicated Open House Search tool, a Find a REALTOR® directory, a secure Member Portal for member services, three rentable meeting rooms (Sitka, Arbutus, Garry Oak) at headquarters, and video-based Market Reports for consumer engagement. The listings portal hosts more than 7,000 active listings across residential and commercial categories.

VIREB generates revenue primarily through recurring membership dues from its REALTOR® base, supplemented by ancillary streams including room rentals and member services. The organization operates with an 11–50 employee base and distributes services through its public website, the listings portal, the member portal, and an active social media presence across Facebook, Twitter, Instagram, LinkedIn, and YouTube. Governance rests with member-elected leadership, and the association functions as a recognized provincial real estate board under British Columbia law, with no parent company, private equity, or venture capital ownership.

Name

VIREB

Legal name

Vancouver Island Real Estate Board

Website

https://vireb.com

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

11–50 employees

Short description

VIREB is a not-for-profit real estate board association serving over 1,000 REALTORS® across Vancouver Island, providing MLS-based listing platforms, professional education, government advocacy, and member services from its Nanaimo, BC headquarters.

Ownership category

akta.pro rank

Product category

Real Estate Association Services

NAICS

Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Real estate association
• MLS listings
• REALTOR membership
• Property search platform
• Real estate board

Headquarters

HQ city

Nanaimo

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Membership Dues and Services: As a not-for-profit, member-based association, VIREB generates revenue through membership dues from over 1,000 REALTORS® to provide tools, education, and services necessary to foster professionalism in the real estate industry.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

VIREB is a not-for-profit, member-based real estate board association serving over 1,000 REALTORS® across Vancouver Island. It provides members with tools, education, and professional services, and operates an MLS® property listings platform (Xposure™) covering residential and commercial real estate. The board also represents members' interests on legislation and community matters at all levels of government.

Product overview

VIREB operates as a not-for-profit, member-based real estate association serving over 1,000 REALTORS® on Vancouver Island. The organization's product portfolio centers on its consumer-facing property listings portal (powered by Xposure™), which provides MLS®-based search for residential and commercial properties with filtering capabilities, complemented by tools to find REALTORS® and open houses. Supporting services include a Member Portal for REALTOR® access, three meeting room rentals (Sitka, Arbutus, and Garry Oak Rooms), and market report videos. The organization represents members' interests in legislation and community vitality across government levels.

Differentiator

Problem solved

Functional benefit

Products and services

• VIREB Property Listings Portal (Xposure™) An MLS® property search platform powered by Xposure™ that enables users to browse residential and commercial real estate listings across Vancouver Island, filter by area, type, price, beds/baths, size, and view detailed property information including photos, maps, and market trends.
• Find a REALTOR® Directory A directory service enabling consumers to locate REALTORS® who are members of VIREB, organized by geographic area across Vancouver Island regions.
• Member Portal A secure login portal for VIREB member REALTORS® to access exclusive tools, resources, education, and association services.
• Room Rentals (Sitka, Arbutus, Garry Oak Rooms) Three meeting and conference room facilities available for rental at VIREB headquarters in Nanaimo, used for professional events and meetings by members and external organizations.
• Market Report Videos Video-based market reports providing updates on the Vancouver Island housing market and real estate information for consumers and members.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• The Canadian Real Estate Association (CREA)coreStrategic or Co-development PartnerVIREB is a member of The Canadian Real Estate Association (CREA) and adheres to and abides by the principles set out in the CREA Privacy Code. This membership provides access to national standards, resources, and collective representation for real estate professionals across Canada.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Calgary Real Estate Board (CREB): Regional real estate board serving Calgary area REALTORS® with MLS, professional development, and advocacy. Same member-based association structure as VIREB.
• Fraser Valley Real Estate Board (FVREB): BC-based regional real estate board operating MLS and REALTOR® services in the Fraser Valley. Closely comparable to VIREB in geography, scale, and service mix.
• Real Estate Board of Greater Vancouver (REBGV): Regional real estate board in Metro Vancouver serving REALTORS® with MLS, member services, and government advocacy. Direct functional peer to VIREB as a BC-based member association with MLS operations.
• Toronto Regional Real Estate Board (TRREB): Large Canadian regional real estate board operating MLS and member services for Greater Toronto REALTORS®. Comparable trade association plus MLS technology provider model to VIREB.
• British Columbia Real Estate Association (BCREA): Provincial umbrella body for BC real estate boards including VIREB. Provides member boards with economic research, government relations, and shared services — a structural peer in the same value chain.
• Ottawa Real Estate Board (OREB): Regional Canadian real estate board serving Ottawa-area REALTORS® with MLS and association services. Comparable member-based regional real estate association model.
• Victoria Real Estate Board (VREB): Geographic neighbor and VIREB's existing IDX reciprocity partner in Greater Victoria. Operates the same REALTOR® association + MLS model for Vancouver Island's southern region.

Broad incumbents

• The Canadian Real Estate Association (CREA): National federation of Canadian real estate boards; VIREB is a member. Operates REALTOR.ca and national MLS/technology standards, providing the broader ecosystem in which VIREB functions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/VIREB
• YouTubeyoutube.com/VIREBMEDIA
• Facebookfacebook.com/vancouverislandrealestateboard
• LinkedInlinkedin.com/company/vancouver-island-real-estate-board
• Instagraminstagram.com/vireb_1

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VIREB