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Two Vancouver Island-based environmental projects have received funding support from the Real Estate Foundation of BC (REFBC). At its December 2012 Grants Meeting the Real Estate Foundation’s Board of Governors approved a total of 13 grants for projects around the province – grants valued at more than $550,000. The Comox Valley Watershed Society and the Shawnigan Residents’ Association were both selected as grant recipients – from the dozens of applications that had been received by the REFBC during the year.
In 1985 the British Columbia real estate industry, in cooperation with the provincial government, enacted legislation that established the Real Estate Foundation. Under the Real Estate Services Act, the Foundation receives interest from pooled or "unassigned" trust deposits held by real estate brokerages and uses the funds to support real ...
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