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Canadian (TSX) Real Estate Sector Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies77
  • 7D-0.5%
  • 3M2.1%
  • 1Y26.1%
  • YTD30.1%

Over the last 7 days, the Real Estate industry has remained flat, although notably Real Brokerage gained 8.6%. As for the the longer term, the industry is up 26% over the past 12 months.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Wed, 01 Dec 2021CA$132.7bCA$27.4bCA$9.8b10.1x
Fri, 29 Oct 2021CA$135.9bCA$26.6bCA$8.3b10.9x
Sun, 26 Sep 2021CA$130.5bCA$26.7bCA$8.2b10.7x
Tue, 24 Aug 2021CA$119.1bCA$26.4bCA$8.2b10.1x
Wed, 30 Jun 2021CA$113.0bCA$26.4bCA$8.2b10.1x
Sat, 03 Apr 2021CA$100.2bCA$25.3bCA$4.3b10.6x
Tue, 05 Jan 2021CA$92.1bCA$25.0bCA$3.4b11.8x
Fri, 09 Oct 2020CA$84.0bCA$25.5bCA$5.5b10.4x
Thu, 02 Jul 2020CA$81.9bCA$25.5bCA$5.2b9.3x
Sun, 05 Apr 2020CA$73.4bCA$26.3bCA$7.4b6.8x
Wed, 08 Jan 2020CA$100.1bCA$25.0bCA$6.7b12.7x
Tue, 01 Oct 2019CA$97.5bCA$24.2bCA$5.5b12.4x
Fri, 05 Jul 2019CA$89.6bCA$23.6bCA$5.6b10x
Mon, 08 Apr 2019CA$88.0bCA$22.9bCA$5.2b11.7x
Thu, 10 Jan 2019CA$75.5bCA$22.7bCA$7.3b8.6x
PE Ratio

8.4x

Total Market Cap: CA$78.9bTotal Earnings: CA$6.8bTotal Revenue: CA$21.9b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 10.6x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Real Estate industry have grown 13% per year over the last three years, and revenues for these companies have grown 7.6% 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?

Real Estate-0.35%
REITS-0.63%

Industry PE: Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 14.4x. However analysts are expecting annual earnings growth of 33%, which is lower than the prior year's growth of 68% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 9.7x.

Forecasted Growth: Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 33% over the next 5 years. However this is lower than its past earnings growth rate of 68% per year. Meanwhile, the REITS industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

Company7D1YValuation
REAX Real Brokerage8.6%+CA$67.7m165.6%PB17.2x
AIF Altus Group0.9%+CA$26.9m32.1%PB6.9x
NXLV NexLiving Communities2.5%+CA$21.3m-2.4%PB2.4x
HMT Halmont Properties21.4%+CA$18.6m21.4%PB1.4x
MEQ Mainstreet Equity0.7%+CA$7.2m60.9%PB1x
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