Boardwalk Equities Inc. - Teleconference on Fiscal 2003 Third Quarter Financial Results CALGARY, Oct. 27 /PRNewswire-FirstCall/ -- Boardwalk Equities Inc. ("BEI" - NYSE, TSX) announces that the Company's fiscal 2003 third quarter financial results will be released the morning of Monday November 17th, 2003. We invite you to participate in the teleconference that will be held to discuss these results that same morning at 11:00 am EST. Senior management will speak to the third quarter financial results and provide a corporate update. Presentation materials will be made available on the INVESTOR section of our website (http://www.bwalk.com/) prior to the call. Participation & Registration: Please RSVP to Investor Relations at 403- 531-9255 or by email to . Teleconference: The telephone numbers for the conference are: 416-640-4127 (within Toronto) or toll-free 1-800-814-4861 (outside Toronto). Webcast: Investors will be able to listen to the call and view our slide presentation over the Internet by visiting http://investor.bwalk.com/ 15 min. prior to the start of the call. An information page will be provided for any software needed and system requirements. The live audiocast will also be available at http://www.newswire.ca/webcast/viewEventCNW.html?eventID(equal sign)676060. Replay: An audio recording of the teleconference will be available approximately one hour after the call until 11:59pm EST on November 24th, 2003. You can access it by dialing 416-640-1917 and using the passcode 21024037 followed by the pound key. An audio archive will also be available on our Investor site (http://investor.bwalk.com/) approximately two hours after the conference call. Corporate Profile Boardwalk Equities Inc. is Canada's largest owner/operator of multi- family rental communities. Boardwalk currently owns in excess of 250 properties with over 31,200 units totalling approximately 26 million net rentable square feet. The company's portfolio is concentrated in the provinces of Alberta, Saskatchewan, Ontario and Quebec. Boardwalk is headquartered in Calgary and its shares are listed on both the Toronto Stock Exchange and the New York Stock Exchange and trade under the symbol BEI. The Company has a total market capitalization of approximately $2.1 billion. DATASOURCE: Boardwalk Equities Inc. CONTACT: Paul Moon, Director of Corporate Communications at (403) 206 6808; Recent investor information can be found on the Internet at http://investor.bwalk.com/

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