Header cover image

Canadian (TSX) Real Estate Industry Analysis

UpdatedMay 02, 2024
DataAggregated Company Financials
Companies31
  • 7D-2.5%
  • 3M-6.0%
  • 1Y8.0%
  • YTD0.4%

Over the last 7 days, the Real Estate industry has dropped 2.5%, driven by a pullback from FirstService of 5.0%. This takes the industry's 12 month performance to a gain of 8.0%. Looking forward, earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

Has the Canadian Real Estate Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 May 2024CA$31.4bCA$17.8bCA$419.0m14.2x75x1.8x
Sat, 30 Mar 2024CA$34.0bCA$17.4bCA$442.1m17.3x76.9x2x
Mon, 26 Feb 2024CA$33.1bCA$17.2bCA$628.2m16.1x52.6x1.9x
Wed, 24 Jan 2024CA$32.3bCA$17.1bCA$228.7m13.1x141.2x1.9x
Fri, 22 Dec 2023CA$30.8bCA$16.9bCA$277.8m13x110.8x1.8x
Sun, 19 Nov 2023CA$28.5bCA$17.4bCA$321.7m10.4x88.7x1.6x
Tue, 17 Oct 2023CA$27.2bCA$17.1bCA$580.7m8.7x46.9x1.6x
Thu, 14 Sep 2023CA$29.9bCA$17.0bCA$578.9m8.8x51.6x1.8x
Sat, 12 Aug 2023CA$30.5bCA$17.6bCA$600.4m10.1x50.7x1.7x
Mon, 10 Jul 2023CA$29.3bCA$17.0bCA$1.3b7.1x21.8x1.7x
Wed, 07 Jun 2023CA$28.7bCA$17.2bCA$1.4b7x20.8x1.7x
Fri, 05 May 2023CA$27.9bCA$17.1bCA$1.6b6x17x1.6x
Sun, 02 Apr 2023CA$28.8bCA$16.9bCA$1.8b7.2x15.6x1.7x
Tue, 28 Feb 2023CA$30.1bCA$17.0bCA$2.0b7.4x14.9x1.8x
Thu, 26 Jan 2023CA$28.9bCA$16.7bCA$2.7b6.8x10.7x1.7x
Sat, 24 Dec 2022CA$26.4bCA$16.9bCA$2.7b7.2x9.7x1.6x
Mon, 21 Nov 2022CA$27.2bCA$16.7bCA$2.6b7.5x10.3x1.6x
Wed, 19 Oct 2022CA$27.2bCA$16.5bCA$2.7b7x10.1x1.6x
Fri, 16 Sep 2022CA$28.7bCA$16.0bCA$2.6b7.4x10.9x1.8x
Sun, 14 Aug 2022CA$31.6bCA$15.6bCA$2.6b7.5x12.2x2x
Tue, 12 Jul 2022CA$28.5bCA$15.2bCA$1.5b7.3x18.9x1.9x
Thu, 09 Jun 2022CA$29.5bCA$14.9bCA$1.5b7.6x19.9x2x
Sat, 07 May 2022CA$29.9bCA$15.1bCA$1.1b8.2x26.1x2x
Mon, 04 Apr 2022CA$34.2bCA$14.3bCA$1.0b11.7x34x2.4x
Wed, 02 Mar 2022CA$33.4bCA$14.4bCA$910.6m12x36.6x2.3x
Fri, 28 Jan 2022CA$34.5bCA$13.7bCA$564.7m14.1x61.1x2.5x
Sun, 26 Dec 2021CA$38.1bCA$13.8bCA$572.3m14.4x66.5x2.8x
Tue, 23 Nov 2021CA$37.4bCA$13.7bCA$562.8m14.9x66.4x2.7x
Thu, 21 Oct 2021CA$36.1bCA$12.7bCA$203.9m12x177.3x2.8x
Sat, 18 Sep 2021CA$34.2bCA$13.0bCA$202.4m11.2x168.9x2.6x
Mon, 16 Aug 2021CA$33.7bCA$12.7bCA$193.2m10.4x174.4x2.7x
Mon, 31 May 2021CA$29.0bCA$11.9bCA$304.5m12x95.4x2.4x
Price to Earnings Ratio

93.4x


Total Market Cap: CA$28.8bTotal Earnings: CA$308.4mTotal Revenue: CA$11.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Real Estate Industry Price to Earnings3Y Average 58.8x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 75.0x which is higher than its 3-year average PE of 58.8x.
  • The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 14% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Real Estate industry?

CA Market-0.54%
Real Estate-1.58%
Real Estate-2.49%
Diversified Real Estate3.59%
Real Estate Operating Companies-0.62%
Real Estate Development-0.63%
Real Estate Services-3.75%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 21.0x.
    • Analysts are expecting annual earnings growth of 38.9%, which is higher than its past year's earnings decline of 18.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 78% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings decline by 8.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TCN Tricon ResidentialCA$15.462.5%
+CA$109.6m		44.4%PE29.1x
AIF Altus GroupCA$51.310.8%
+CA$19.6m		-1.1%PE229.1x
WFC Wall FinancialCA$21.272.6%
+CA$17.1m		14.3%PE29.4x
DC.A DundeeCA$1.399.4%
+CA$10.7m		14.9%PS18.2x
MPC Madison Pacific PropertiesCA$6.042.9%
+CA$10.1m		-10.1%PS8.3x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

TCN

CA$15.46

Tricon Residential

7D

2.5%

1Y

44.4%

MPC

CA$6.04

Madison Pacific Properties

7D

2.9%

1Y

-10.1%

DRM

CA$18.23

Dream Unlimited

7D

-0.5%

1Y

-16.7%

PKT

CA$0.62

Parkit Enterprise

7D

5.1%

1Y

-27.9%

FSV

CA$201.65

FirstService

7D

-5.0%

1Y

1.1%

FirstService Corporation Just Missed EPS By 24%: Here's What Analysts Think Will Happen Next

Apr 26
FirstService Corporation Just Missed EPS By 24%: Here's What Analysts Think Will Happen Next

SVI

CA$4.78

StorageVault Canada

7D

-5.7%

1Y

-19.7%

DC.A

CA$1.39

Dundee

7D

9.4%

1Y

14.9%

GDC

CA$3.10

Genesis Land Development

7D

-4.6%

1Y

54.2%

We Ran A Stock Scan For Earnings Growth And Genesis Land Development (TSE:GDC) Passed With Ease

Apr 23
We Ran A Stock Scan For Earnings Growth And Genesis Land Development (TSE:GDC) Passed With Ease

WFC

CA$21.27

Wall Financial

7D

2.6%

1Y

14.3%

ISV

CA$26.01

Information Services

7D

-2.2%

1Y

16.3%

AIF

CA$51.31

Altus Group

7D

0.8%

1Y

-1.1%

Is There An Opportunity With Altus Group Limited's (TSE:AIF) 49% Undervaluation?

Apr 17
Is There An Opportunity With Altus Group Limited's (TSE:AIF) 49% Undervaluation?

MRD

CA$11.41

Melcor Developments

7D

0.8%

1Y

-1.6%

MEQ

CA$171.95

Mainstreet Equity

7D

-5.3%

1Y

35.1%

Why Mainstreet Equity Corp. (TSE:MEQ) Could Be Worth Watching

Apr 12
Why Mainstreet Equity Corp. (TSE:MEQ) Could Be Worth Watching

REAL

CA$5.16

Real Matters

7D

-2.8%

1Y

-4.3%

CIGI

CA$143.90

Colliers International Group

7D

-3.7%

1Y

14.5%

MRC

CA$111.00

Morguard

7D

0.4%

1Y

8.3%