Calgary's Housing Boom: Boardwalk REIT's Earnings Soar!
Calgary, get ready for some big housing news! Boardwalk Real Estate Investment Trust just delivered a knockout Q3 2025, boasting a $25.2 million profit and a 9.5% increase in Funds From Operations per Unit over last year. With an impressive 97.9% occupancy rate, it’s clear their strategy is hitting home, especially in bustling markets like ours.
This stellar performance comes as Calgary’s housing market continues its dynamic run, fueled by robust population growth and strong demand, particularly for more affordable options. While the city saw a record number of housing starts in 2025, demand still outpaces supply, leading to ongoing shifts in housing values and rental rates.
Boardwalk isn't just watching; they’re actively investing in our city. Earlier in Q1 2025, they acquired the 255-unit Elbow 5 Eight in Windsor Park, and are expected to close on The Arch, a 158-suite high-rise in the vibrant Beltline, in August 2025. They also have plans for a new 135-unit rental project in Marda Loop.
CEO Sam Kolias confidently stated, "We are well-positioned heading into winter," highlighting the company’s ongoing mission to enhance housing quality through strategic acquisitions and renovations. For Calgarians, this means continued investment in high-quality, affordable living spaces across our growing city.
