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Canadian (TSX) Real Estate Sector Analysis

UpdatedNov 30, 2022
DataAggregated Company Financials
Companies79
  • 7D-0.01%
  • 3M-0.8%
  • 1Y-16.6%
  • YTD-20.0%

In the last week, the Real Estate industry is flat overall, with Dream Unlimited standing out by going down 8.8%. As for the longer term, the industry has declined 17% in the last year. As for the next few years, earnings are forecast to decline by 2.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022CA$108.5bCA$31.4bCA$13.8b5.6x7.9x3.5x
Fri, 28 Oct 2022CA$104.9bCA$30.7bCA$15.7b5.1x6.7x3.4x
Sun, 25 Sep 2022CA$101.5bCA$30.6bCA$15.9b4.8x6.4x3.3x
Tue, 23 Aug 2022CA$114.1bCA$30.1bCA$15.8b5.1x7.2x3.8x
Thu, 21 Jul 2022CA$110.4bCA$28.9bCA$16.1b5.5x6.8x3.8x
Sat, 18 Jun 2022CA$104.7bCA$29.1bCA$16.1b5.6x6.5x3.6x
Mon, 16 May 2022CA$118.3bCA$29.0bCA$16.2b6.7x7.3x4.1x
Wed, 13 Apr 2022CA$128.6bCA$28.0bCA$12.7b8.6x10.1x4.6x
Fri, 11 Mar 2022CA$131.8bCA$28.6bCA$12.6b8.5x10.5x4.6x
Sun, 06 Feb 2022CA$131.3bCA$27.5bCA$10.1b9.2x13x4.8x
Tue, 04 Jan 2022CA$137.6bCA$27.3bCA$9.8b9.8x14x5x
Thu, 02 Dec 2021CA$129.2bCA$27.3bCA$9.8b9.4x13.1x4.7x
Sat, 30 Oct 2021CA$136.2bCA$26.6bCA$8.4b10.9x16.2x5.1x
Mon, 27 Sep 2021CA$130.5bCA$26.7bCA$8.2b10.7x15.8x4.9x
Wed, 25 Aug 2021CA$119.5bCA$26.4bCA$8.2b10.1x14.5x4.5x
Thu, 01 Jul 2021CA$113.0bCA$26.4bCA$8.2b10.1x13.8x4.3x
Sun, 04 Apr 2021CA$100.2bCA$25.3bCA$4.3b10.6x23.1x4x
Wed, 06 Jan 2021CA$92.1bCA$25.0bCA$3.4b11.8x27x3.7x
Sat, 10 Oct 2020CA$84.0bCA$25.5bCA$5.5b10.4x15.3x3.3x
Fri, 03 Jul 2020CA$81.9bCA$25.5bCA$5.2b9.3x15.9x3.2x
Mon, 06 Apr 2020CA$73.4bCA$26.3bCA$7.4b6.8x9.9x2.8x
Thu, 09 Jan 2020CA$100.1bCA$25.0bCA$6.7b12.7x15x4x
Price to Earnings Ratio

18.3x


Total Market Cap: CA$100.3bTotal Earnings: CA$5.5bTotal Revenue: CA$24.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Real Estate Sector Price to Earnings3Y Average 14.6x202020212022
Current Industry PE
  • Investors are pessimistic on the Canadian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 7.9x which is lower than its 3-year average PE of 14.6x.
  • The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 36% per year over the last three years.
  • Revenues for these companies have grown 9.0% 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 sector?

CA Market0.22%
Real Estate-0.01%
REITS0.25%
Real Estate-0.78%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 61.1x.
    • Analysts are expecting annual earnings growth of 18.9%, which is lower than the prior year's growth of 25.9% per year.
  • Investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 11.8x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 26% per year.
  • In contrast, the REITS industry is expected to see its earnings decline by 22% 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
AP.UN Allied Properties Real Estate Investment TrustCA$26.522.9%
+CA$96.0m
-35.7%PB0.5x
GRT.UN Granite Real Estate Investment TrustCA$80.161.5%
+CA$75.8m
-18.7%PB0.9x
AIF Altus GroupCA$52.312.9%
+CA$65.7m
-20.0%PB4.1x
FSV FirstServiceCA$169.680.5%
+CA$34.5m
-30.9%PB6.3x
MHC.UN Flagship Communities Real Estate Investment TrustCA$21.999.1%
+CA$26.0m
n/aPB0.6x
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Latest News

GRT.UN

CA$80.16

Granite Real Estate Investment Trust

7D

1.5%

1Y

-18.7%

MHC.UN

CA$21.99

Flagship Communities Real Estate Investment Trust

7D

9.1%

1Y

n/a

DIR.UN

CA$12.09

Dream Industrial Real Estate Investment Trust

7D

0.8%

1Y

-25.6%

DRM

CA$28.63

Dream Unlimited

7D

-8.8%

1Y

-17.1%

CRT.UN

CA$15.68

CT Real Estate Investment Trust

7D

0.5%

1Y

-5.4%

REI.UN

CA$21.27

RioCan Real Estate Investment Trust

7D

-0.5%

1Y

0.09%

PMZ.UN

CA$15.25

Primaris Real Estate Investment Trust

7D

-1.5%

1Y

n/a

TCN

CA$11.48

Tricon Residential

7D

-2.9%

1Y

-34.6%

DC.A

CA$1.48

Dundee

7D

18.4%

1Y

0%

CIGI

CA$124.42

Colliers International Group

7D

-0.6%

1Y

-27.9%

AIF

CA$52.31

Altus Group

7D

2.9%

1Y

-20.0%

SVI

CA$6.49

StorageVault Canada

7D

-3.0%

1Y

3.2%