CALGARY, AB, Oct. 3, 2024 /CNW/ - Boardwalk Real Estate Investment Trust - (TSX: BEI.UN)
Boardwalk REIT ("Boardwalk", "the Trust", "We", "Our") is providing an update highlighting the continued strong demand for affordable rental housing. The Trust's average occupied rent continues to represent exceptional value at an average of $1,485 per month for August 2024, approximately 36% below the Canadian average listing rent of $2,310 for a two-bedroom apartment unit, as per the recent Rentals.ca September 2024 Rent Report. Edmonton, the Trust's largest market, has an average listing rent for a two-bedroom apartment of $1,704, as per the same report.
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