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The Steady Rise of Canada’s Average Rent
The average asking rent in Canada reached $2,185 in June, reflecting a 7% increase compared to a year ago. Although significant, this growth represents the slowest annual rate in 13 months, as reported by Urbanation and Rentals.ca. Let's dive into the details and...
The Impact of the Bank of Canada’s Interest Rate Cut on the Real Estate Rental Market
In a significant move to manage inflation and bolster economic growth, the Bank of Canada has once again reduced its policy interest rate. This latest cut of 25 basis points brings the overnight rate down to 4.5%, a level not seen since June 2023. This follows a...
Press Release: New Acquisition
Chilliwack, BC, Canada (August 3, 2021) - Westbow Capital Income Fund (“Westbow Capital”), a privately held real estate trust, is pleased to announce a $14,475,000 acquisition in Red Deer, Alberta. About The PropertyThe Red Deer Property is a 133 unit, 4-story...
Press Release: Westbow Capital Acquisition of Saskatoon Property
Chilliwack, BC, Canada (July 1, 2020) - Westbow Capital Income Fund (“Westbow Capital”), a privately held real estate trust, is pleased to announce a $34,000,000 acquisition in Saskatoon, Saskatchewan. The Saskatoon Property is a 4-storey mixed used apartment...