The Board of Governors of the Alberta Real Estate Foundation approved $423,000 in our second round of Investment Grants of the year.
The Alberta Real Estate Foundation invests in real estate policy, research, practices, and education that strengthen Alberta’s communities. Under the Real Estate Act, whenever a consumer deposits money in trust through a real estate broker, property manager, or commercial broker, the interest earned on the deposit is accumulated and forwarded to the Foundation for reinvestment into Alberta’s communities. Individually, it is nickels and dimes, but across the province it all adds up! Since 1991, the Foundation has invested over $26.5 million in grants to over 665 initiatives across Alberta.
Join us in celebrating the Investment Grant projects approved at the June meeting that support and advance education, research, law reform, and other activities related to real estate in Real Estate Leadership, the Built Environment, and Land:
Condo Management Licensing & You: A Resource for Condo Owners & Boards
By the Alberta Condominium Management Education Consortium
The Alberta Condominium Management Education Consortium will create and offer a free-to-access webinar series and companion resources that will provide tailored information to condominium corporations, including self-managed corporations about the implementation of condominium manager licensing will mean for them. This includes: what does it mean to be a licensed professional; practical & financial considerations for condominium corporations; licensed activity – things to know for self-managed condominiums; and, the disciplinary process.
Enhancing Alberta Condominiums & Apartments through Electric Vehicle Charging
By the Pembina Institute
This initiative will equip the real estate industry as well as other stakeholders with the information and tools needed to address a growing need in the condominium and apartment building stock for Electric Vehicle (EV) charging. This is a key pathway for making EVs more accessible to Albertans. In a 2022 poll by KPMG, 56% of Albertans shared that their next vehicle purchase within the next 1-5 years will be hybrid or fully electric. Alberta’s current building stock in the condo and apartment category falls very short of being prepared for this demand, both in the chargers currently available to residents and in the owners’ and developers’ plans to provide this infrastructure.
Housing Law Information Project
By the Centre for Public Legal Education Alberta
The Housing Law Information Project from the Centre for Public Legal Education Alberta (CPLEA) will be the best source of easy-to-understand, accessible, and accurate legal information in Alberta about being a landlord or a tenant; buying, selling, or owning a condominium, including being on a condo board; and buying, selling, and owning a home.
REET Institute Improvement & Expansion Project
By the REET Institute
This project will focus on improving and expanding the REET Institute’s current program directed at training BIPOC youth in commercial real estate by developing the infrastructure required to meet the industry demand. They will also add a certificate program for mentors/commercial real estate executives who will be working with participants of the REET Institute. It is imperative that there is education and training provided to these executives to ensure that they are creating a psychologically safe environment to foster inclusion and engagement within their organizations.
Explore our Projects page for more Foundation-funded initiatives.