SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

~~FORM~~Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of January, 2004

Boardwalk Equities Inc.

(Translation of registrant’s name into English)

~~(Translation~~200, of1501 ~~registrant’s~~– ~~name~~1st ~~into~~Street ~~English)~~SW, Calgary, Alberta, Canada

(Address of principal executive offices)

~~200,~~ Indicate ~~1501~~by —check ~~1st~~mark ~~Street~~whether ~~SW,~~the ~~Calgary,~~registrant ~~Alberta,~~files ~~Canada~~or will file annual reports under cover of Form 20-F or Form 40-F:

~~(Address~~Form of20-F ~~principal~~o ~~executive~~Form ~~offices)~~ 40-F þ

Indicate by check mark whether the registrant files or will file annual reports under cover of Form20-F or Form40-F:

Form20-F o Form40-F þ

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


Yes o		No þ

If “ Yes” is marked, indicate below the file number assigned to the ~~registrant~~ registrant in connection with Rule 12g3-2(b): 82-

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SIGNATURE NEWS RELEASE ~~FOR IMMEDIATE DISTRIBUTION~~

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Boardwalk Equities Inc, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: January 1326, 2004 Boardwalk Equities Inc.

By:
/s/ Paul Moon

Paul Moon
Director of Corporate Communications

~~January 13~~Boardwalk Equities Inc.Suite 200, ~~2004~~ 1501 – 1 Street S.W.Calgary, Alberta T2R 0W1 Phone: (403) 531-9255 Fax: (403) 531-9565 Website: www.bwalk.com

January 26, 2004

NEWS RELEASE FOR IMMEDIATE DISTRIBUTION

~~BOARDWALK~~RE: ~~FILES~~Teleconference ~~INFORMATION~~on ~~CIRCULAR~~Fiscal ON2003 ~~PROPOSED~~Fourth ~~TRANSACTION~~Quarter and Year End Financial Results

~~Calgary~~Boardwalk Equities Inc. (“BEI” – NYSE, ~~Alberta~~TSE) —announces ~~January~~that the Company’s fiscal 2003 fourth quarter and year end financial results will be released the morning of Monday February 1316th, 2004. -We ~~Boardwalk~~invite ~~Equities~~you ~~Inc~~to participate in the teleconference that will be held to discuss these results that same morning at 11:00 am EST. ~~(BEI-~~Senior ~~TSE;~~management ~~NYSE~~will speak to the fourth quarter financial results and provide a corporate update. Presentation materials will be made available on the INVESTOR section of our website (www.bwalk.com) prior to the call.

~~Further~~Participation to& ~~the~~Registration: ~~press~~Please ~~release~~RSVP ~~issued~~to onInvestor ~~January 9,~~Relations ~~2004, Boardwalk Equities Inc.~~at ~~has~~403-531-9255 ~~now~~or ~~executed~~by ~~the~~email ~~Acquisition and Arrangement Agreement in connection with the previously announced proposal~~ to ~~reorganize BEI into a real estate investment trust to be called Boardwalk REIT~~investor@bwalk.com.

AnTeleconference: ~~information~~The ~~circular~~telephone ~~has~~numbers ~~been~~for ~~prepared in connection with~~ the ~~proposed transaction~~conference ~~and filed with the United States Securities and Exchange Commission via EDGAR. A copy of the information circular has also been made available on SEDAR although readers~~ are: ~~cautioned that information contained therein may~~416-640-4127 ~~change~~(within asToronto) aor ~~result~~toll-free of1-800-814-4861 ~~SEC~~(outside ~~review~~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/en/webcast/viewEvent.cgi?eventID=728640.

Replay: An audio recording of the teleconference will be available approximately one hour after the call until 11:59pm EST on February 23rd, 2003. You can access it by dialing 416-640-1917 and using the passcode 21035473#. 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 ~~and operates~~ in excess of 250 ~~properties~~ properties with over 31,200 units ~~totaling~~totalling approximately 26 million net rentable square feet. The ~~Company~~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~~ total market capitalization of approximately $2.3 billion.

For further information ~~please~~regarding Boardwalk, contact: Paul Moon, Director of Corporate Communications at (403) 206-6808.

~~Boardwalk~~Recent ~~Equities~~investor ~~Inc. Sam~~information ~~Kolias,~~can ~~President~~be ~~and~~found ~~CEO,~~on ~~(403) 531-9255; Roberto~~the ~~Geremia,~~Internet ~~Senior Vice-President, Finance and Chief Financial Officer,~~at ~~(403) 531-9255; Mike Hough, Senior Vice President, (416) 364-0849; Paul Moon, Director of Corporate Communications, (403) 531-9255~~http://investor.bwalk.com/.

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