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Canadian (TSX) Real Estate Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies35
  • 7D-0.3%
  • 3M6.1%
  • 1Y41.9%
  • YTD43.4%

Over the last 7 days, the Real Estate industry has remained flat, although notably Real Brokerage gained 9.2%. The past year has been better, since the industry has gained 42% in that time.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Tue, 30 Nov 2021CA$37.2bCA$13.8bCA$577.0m15x
Thu, 28 Oct 2021CA$36.5bCA$12.8bCA$219.6m12.3x
Sat, 25 Sep 2021CA$34.1bCA$13.0bCA$202.6m11x
Mon, 23 Aug 2021CA$33.8bCA$12.7bCA$193.2m11x
Sat, 10 Jul 2021CA$31.1bCA$12.7bCA$193.2m11x
Fri, 02 Apr 2021CA$27.0bCA$11.8bCA$293.8m11.2x
Mon, 04 Jan 2021CA$24.8bCA$11.5bCA$205.9m17.1x
Thu, 08 Oct 2020CA$23.9bCA$12.0bCA$787.1m19.7x
Wed, 01 Jul 2020CA$20.9bCA$12.0bCA$846.1m15.9x
Sat, 04 Apr 2020CA$17.1bCA$12.6bCA$645.3m11.8x
Tue, 07 Jan 2020CA$22.3bCA$11.5bCA$751.6m13.9x
Mon, 30 Sep 2019CA$21.7bCA$11.1bCA$339.8m15.6x
Thu, 04 Jul 2019CA$19.1bCA$10.8bCA$358.8m13.7x
Sun, 07 Apr 2019CA$17.7bCA$10.4bCA$632.2m14.5x
Wed, 09 Jan 2019CA$15.1bCA$10.4bCA$960.1m12.2x
PE Ratio

8.3x

Total Market Cap: CA$16.3bTotal Earnings: CA$956.7mTotal Revenue: CA$9.8b0%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 14.4x. 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 declined 16% per year over the last three years, while revenues for these companies have grown 12% per year. This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

Real Estate Development1.13%
Real Estate Operating Companies0.62%
Real Estate Services-0.42%
Diversified Real Estate-4.87%

Industry PE: Investors are most optimistic about the Real Estate Services industry, which is trading close to its 3-year average PE ratio of 44.6x. This is likely because analysts are expecting annual earnings growth of 50%, which is higher than its past year's earnings growth of 13% per year. Meanwhile, investors are most pessimistic about the Real Estate Operating Companies industry, which is trading below its 3-year average of 10.6x.

Forecasted Growth: Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 136% over the next 5 years. This is better than it's past earnings growth rate of 112% per year. Meanwhile, the Real Estate Operating Companies industry is expected to see its earnings decline by 33% per year over the next few years.

Top Stock Gainers and Losers

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

Company7D1YValuation
REAX Real Brokerage9.2%+CA$71.3m157.8%PB17.2x
TCN Tricon Residential1.5%+CA$70.7m62.6%PB1.6x
DRM Dream Unlimited1.9%+CA$29.1m81.4%PB1.1x
FSV FirstService0.2%+CA$22.4m42.9%PB11.3x
NXLV NexLiving Communities-2.4%CA$19.2m-4.8%PB2.4x
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IVQ

CA$2.02

Invesque

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-8.2%

1Y

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MRC

CA$137.55

Morguard

7D

-5.1%

1Y

19.4%