This co-operative MLS system enables all members of the Board to share information about properties listed for sale. The Board is the nucleus, or operating heart, of the MLS , which provides a sound, fast and fair merchandising structure to the buying and selling public and a sales tool that is one of the greatest benefits a licensee could possibly have. The MLS maintains information on over 8,500 active listings of property for sale on the Island.
Listings range from undeveloped lots to business opportunities or special properties.
At any given time, there may be over 2,500 residential properties listed in the MLS . Through the use of MLS , the computer and services of the Real Estate Board in concert with the expertise of the salesperson and the real estate firm, the marketing of property extends beyond the normal geographic boundaries of the community where the property is located. There are approximately 1,770 salespersons on Vancouver Island, including Victoria, who know and cooperate with their colleagues in other communities. In addition, there are over 65,000 salespersons spread across Canada - of which most have computer facilities similar to this Board, meaning direct access is available. On the average, the Board receives approximately 75 listings per day which are updated virtually every minute of every working day.