NexLiving Communities Inc.'s (CVE:NXLV) 30% Jump Shows Its Popularity With Investors
Oct 02
Have your own idea? Try our Stock Screener
Canadian (TSX) Real Estate Industry Analysis
UpdatedOct 14, 2024
DataAggregated Company Financials
Companies30
- 7D3.8%
- 3M14.3%
- 1Y37.5%
- YTD23.8%
In the last week, the Real Estate industry is up 3.8%, with FirstService up 6.3%. In the last 12 months, the industry was up 38%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Oct 2024 | CA$32.2b | CA$17.0b | CA$704.2m | 8.5x | 45.7x | 1.9x |
| Thu, 12 Sep 2024 | CA$30.5b | CA$16.8b | CA$699.2m | 8.9x | 43.6x | 1.8x |
| Sat, 10 Aug 2024 | CA$29.2b | CA$16.8b | CA$502.1m | 8.6x | 58.2x | 1.7x |
| Mon, 08 Jul 2024 | CA$27.8b | CA$16.7b | CA$538.1m | 8.9x | 51.7x | 1.7x |
| Wed, 05 Jun 2024 | CA$27.3b | CA$16.7b | CA$501.5m | 9x | 54.4x | 1.6x |
| Fri, 03 May 2024 | CA$27.0b | CA$16.5b | CA$306.2m | 12x | 88.1x | 1.6x |
| Sun, 31 Mar 2024 | CA$34.0b | CA$17.4b | CA$442.2m | 17.3x | 76.9x | 2x |
| Tue, 27 Feb 2024 | CA$32.8b | CA$17.2b | CA$628.3m | 16x | 52.2x | 1.9x |
| Thu, 25 Jan 2024 | CA$32.2b | CA$17.2b | CA$230.3m | 13.1x | 139.9x | 1.9x |
| Sat, 23 Dec 2023 | CA$31.1b | CA$16.9b | CA$277.3m | 12.8x | 112.3x | 1.8x |
| Mon, 20 Nov 2023 | CA$28.6b | CA$17.3b | CA$338.0m | 10.4x | 84.6x | 1.6x |
| Wed, 18 Oct 2023 | CA$27.2b | CA$17.1b | CA$581.7m | 8.8x | 46.8x | 1.6x |
| Fri, 15 Sep 2023 | CA$29.9b | CA$17.0b | CA$577.9m | 9x | 51.8x | 1.8x |
| Sun, 13 Aug 2023 | CA$30.5b | CA$17.6b | CA$600.4m | 10.1x | 50.8x | 1.7x |
| Tue, 11 Jul 2023 | CA$29.5b | CA$17.0b | CA$1.3b | 7.1x | 21.9x | 1.7x |
| Thu, 08 Jun 2023 | CA$28.7b | CA$17.1b | CA$1.4b | 7x | 20.8x | 1.7x |
| Sat, 06 May 2023 | CA$27.6b | CA$17.0b | CA$1.6b | 6.5x | 16.9x | 1.6x |
| Mon, 03 Apr 2023 | CA$28.8b | CA$16.9b | CA$1.8b | 7.2x | 15.6x | 1.7x |
| Wed, 01 Mar 2023 | CA$30.2b | CA$17.1b | CA$2.0b | 7.4x | 14.8x | 1.8x |
| Fri, 27 Jan 2023 | CA$28.8b | CA$16.7b | CA$2.7b | 6.7x | 10.8x | 1.7x |
| Sun, 25 Dec 2022 | CA$26.4b | CA$16.9b | CA$2.7b | 7.2x | 9.7x | 1.6x |
| Tue, 22 Nov 2022 | CA$27.4b | CA$16.8b | CA$2.7b | 6.1x | 10.3x | 1.6x |
| Thu, 20 Oct 2022 | CA$26.5b | CA$16.5b | CA$2.7b | 7x | 9.9x | 1.6x |
| Sat, 17 Sep 2022 | CA$28.2b | CA$16.0b | CA$2.6b | 7.4x | 10.7x | 1.8x |
| Mon, 15 Aug 2022 | CA$31.6b | CA$15.6b | CA$2.6b | 7.5x | 12.2x | 2x |
| Wed, 13 Jul 2022 | CA$28.7b | CA$15.3b | CA$1.5b | 7.3x | 19x | 1.9x |
| Fri, 10 Jun 2022 | CA$28.9b | CA$15.0b | CA$1.5b | 7.6x | 19.5x | 1.9x |
| Sun, 08 May 2022 | CA$29.8b | CA$15.1b | CA$1.1b | 8.2x | 26x | 2x |
| Tue, 05 Apr 2022 | CA$34.3b | CA$14.3b | CA$1.0b | 11.9x | 34.1x | 2.4x |
| Thu, 03 Mar 2022 | CA$33.5b | CA$14.4b | CA$910.1m | 11.9x | 36.8x | 2.3x |
| Sat, 29 Jan 2022 | CA$34.7b | CA$13.8b | CA$565.5m | 14.1x | 61.3x | 2.5x |
| Mon, 27 Dec 2021 | CA$38.1b | CA$13.8b | CA$572.3m | 14.4x | 66.5x | 2.8x |
| Wed, 24 Nov 2021 | CA$37.6b | CA$13.7b | CA$563.4m | 14.6x | 66.7x | 2.7x |
| Fri, 22 Oct 2021 | CA$36.4b | CA$12.7b | CA$203.8m | 12.1x | 178.4x | 2.9x |
Price to Earnings Ratio
178.4x
Current Industry PE
- Investors are relatively neutral on the Canadian Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 46.0x.
- The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 51% per year over the last three years.
- Revenues for these companies have grown 10% 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 | 1.25% | |
| Real Estate | 0.022% | |
| Real Estate | 3.78% | |
| Real Estate Services | 4.75% | |
| Real Estate Development | 1.21% | |
| Diversified Real Estate | 0% | |
| Real Estate Operating Companies | -0.26% | |
Industry PE
- Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 37.8x.
- Analysts are expecting annual earnings growth of 35.7%, which is higher than its past year's earnings decline of 31.4% per year.
- Investors are most pessimistic about the Real Estate Operating Companies industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Services industry, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings decline of 31% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings decline by 35% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FSV FirstService | CA$255.63 | 6.5% +CA$698.5m | 30.6% | PE104.1x | |
| CIGI Colliers International Group | CA$205.71 | 4.0% +CA$419.8m | 63.3% | PE53x | |
| TCN Tricon Residential | CA$15.46 | 2.5% +CA$109.6m | 44.4% | PE29.1x | |
| AIF Altus Group | CA$54.64 | 4.5% +CA$104.0m | 12.0% | PE858.2x | |
| DRM Dream Unlimited | CA$32.13 | 2.8% +CA$36.6m | 78.5% | PS2.3x |
