With home prices on the rise in Calgary and a steady stream of construction projects on the go, real estate observers have been keeping a close eye on the Canada’s energy heartland and how it develops.
Now, a new centre at the University of Calgary’s Haskayne School of Business is aiming to groom the next cohort of real estate leaders to meet the city’s future needs in a sustainable and responsible way.
The school announced this morning that the new Jay Westman Centre for Real Estate will offer academic and research programs to students and faculty while also serving as a partner to the city’s thriving real estate industry.
The Centre is being launched with a $5-million donation from Jay Westman, owner and co-founder of Jayman, one of western Canada’s largest home builders.
“The industry has really come of age here,” said Mr. Westman in a press release. “I am committed to its ongoing strength through the development of responsible business leaders, and I believe the Haskayne School of Business is the place to make that happen.”
Almost 60,000 homes have been built in Calgary since 2011, which remains below the pre-recession boom years of 2005-2007 when more than 70,000 homes were built. In addition, approximately 4 million square feet of downtown commercial real estate is currently under construction in Calgary.
Jayman has built more than 21,000 single and multi-family homes in western Canada over more than three decades and has diversified its business to include financial, design and development divisions.
While Haskayne has offered elective courses in real estate in the past to business undergraduates and MBA students, the donation from Mr. Westman will allow the school to offer a full undergraduate concentration in real estate in the next two years.
- Haskayne School of Business receives $5 million gift (calgaryherald.com)
- U of C gets $5M donation from home builder Jay Westman (cbc.ca)