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Raintree Feature: How Millennial Real Estate Trends Influence the Real Estate Investing Market

Recently, Westbow Capital had the opportunity to write a feature article for Exempt Market Dealer, Raintree Financial. The article focused on the trends of Millennial Homeownership and can be found below.

The homeownership landscape is changing. Millennial buying power in the Canadian Real Estate Market is lower than the generations before, which has led to an increased demand in low-to-mid density rental housing within suburban communities. Due to these trends, now is the ideal time to invest in a real estate trust that follows this movement. Westbow Capital invests in low-to-mid density rentals with acquisitions in communities in Western Canada.

Millennial Trends in Homebuying
We hear it often; Millennials are different than any other generation before. They’re getting married later in life, are more focused on careers and are spending less money on everyday items and more on luxuries. Part of this trend is a decrease in Millennial home buying and rather renting their living accommodations.

Many factors have hindered Millennials’ progression in the housing marketing, including: the financial crisis between 2008 and 2009, high unemployment rates, tighter mortgage rules and increasing housing prices, to name a few. Despite being better educated than their parents, their rate of wealth accumulation pales in comparison.

The buying power of Millennials in real estate isn’t getting any better. Since the introduction of the mortgage stress test in January (making it harder to get approved and increasing minimum down payments) and rising interest rates elevating borrowing costs, opportunities to get into the housing market have diminished. The demand for housing is not falling any time soon. What could fall, however, is the rate of young households who own a home. High housing prices set an impossibly high bar to clear for many millennials to become homeowners.

Millennial Trends and Westbow Capital
The age of Millennials is now between 23 to 37 years old, reaching the age of household formation and increasing the demand for single family and low-to-mid density homes. Due to the lack of affordable buying possibilities, many Millennials are switching to renting as a housing option. According to The Urban Institute 74% of Millennials are currently renting in Western Canada, in comparison to 62% of Generation Xers renting in 2000.*

Westbow Capital has recognized this trend and offers a “hassle free” Real Estate Investment Fund that invests in Multi-Family and low-to-mid density Rentals in Western Canada.

Hassle Free Real Estate Investing
Westbow Capital is a real estate mutual fund trust focused on raising capital to acquire and manage low-to-mid density residential rental properties in Western Canada. Westbow Capital’s main goal is to help you invest in real estate, stress free, with a solid rate of return.

Westbow Capital is the culmination of the many years of experience within the construction, real estate and development arenas. Having a strong relationship with Westbow Construction, a low-to-mid density housing contractor, allows Westbow Capital to utilize over 40 years of experience to seize trends available in the market.

Contact your Private Wealth Advisor for more information on how to invest with Westbow Capital.

*Millennial Homeownership, July 2018, Urban Institute: https://www.urban.org/sites/default/files/publication/98729/millennial_homeownership.pdf

Christine Jamieson
Westbow Acquires First Investment Property
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Chilliwack, BC, Canada (April 18, 2019) - Westbow Capital Income Fund, a privately held real estate mutual fund trust, is pleased to announce the acquisition of Windsor Place for $25.1 million outside Edmonton, Alberta. It is Westbow Capital’s first acquisition into the fund.

Windsor Place is a three-building complex containing 144-units. These four storey apartment buildings were built in 2015-2016 with elevators going up to the fourth floor.  Its location is just off HWY 21, 35 minutes to downtown Edmonton. The property already has a strong cash flow and aligns with Westbow Capital’s strategy to acquire mid to low-density properties. This will be Westbow Capital’s first foot-hold into the northern Alberta market with plans to hold this property for the duration of the fund.

The Edmonton area is a major gateway to the North and is home for many companies including airline, oil, gas, and mineral mining.  It’s the sixth largest city in Canada with over 1 million in population. It is the home to several major heavy industries adding to the diversity of the region.

About Westbow Capital Income Fund Ltd.

Westbow Capital was formed in January 2019 and is a real estate mutual fund trust with headquarters in Chilliwack, BC. It focuses on primarily low to mid density residential real estate properties in Western Canada.

The Westbow Management team has over 40 years of experience building and owning real estate all over North America. The management team is experienced in the analysis, acquisition, disposition, repairs, upgrading and other facets which are core to managing rental real estate properties.

Investor Relations Contact:

Joe Vogel, Investor Relations | (604) 490-3451 ext 41 | joev@westbow.ca | westbowcapital.com