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Canadian (TSX) Real Estate Industry Analysis

UpdatedApr 26, 2024
DataAggregated Company Financials
Companies31
  • 7D-0.7%
  • 3M-4.4%
  • 1Y6.2%
  • YTD1.7%

Over the last 7 days, the Real Estate industry has remained flat, although notably StorageVault Canada declined by 5.4%. As for the the longer term, the industry is up 6.2% over the past 12 months. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Apr 2024CA$31.9bCA$17.7bCA$417.8m16.5x76.4x1.8x
Mon, 25 Mar 2024CA$34.0bCA$17.4bCA$474.4m17.6x71.8x2x
Wed, 21 Feb 2024CA$33.2bCA$17.3bCA$258.2m15.9x128.7x1.9x
Fri, 19 Jan 2024CA$30.8bCA$17.1bCA$229.4m12x134.3x1.8x
Sun, 17 Dec 2023CA$31.1bCA$17.0bCA$280.5m12.7x110.8x1.8x
Tue, 14 Nov 2023CA$27.2bCA$17.4bCA$424.4m14.3x64.2x1.6x
Thu, 12 Oct 2023CA$28.0bCA$17.1bCA$580.2m8.7x48.2x1.6x
Sat, 09 Sep 2023CA$30.1bCA$17.1bCA$581.8m8.9x51.8x1.8x
Mon, 07 Aug 2023CA$30.2bCA$17.4bCA$1.2b8.5x25.4x1.7x
Wed, 05 Jul 2023CA$29.5bCA$17.0bCA$1.3b7.1x22x1.7x
Fri, 02 Jun 2023CA$28.0bCA$17.2bCA$1.4b9.1x20.2x1.6x
Sun, 30 Apr 2023CA$29.3bCA$17.1bCA$1.9b7.2x15.6x1.7x
Tue, 28 Mar 2023CA$28.4bCA$17.1bCA$1.8b7.2x15.5x1.7x
Thu, 23 Feb 2023CA$30.0bCA$16.9bCA$2.5b7.3x11.8x1.8x
Sat, 21 Jan 2023CA$28.3bCA$16.7bCA$2.7b6.8x10.5x1.7x
Mon, 19 Dec 2022CA$26.3bCA$17.0bCA$2.7b7.2x9.7x1.5x
Wed, 16 Nov 2022CA$27.6bCA$16.7bCA$2.7b6.9x10.4x1.7x
Fri, 14 Oct 2022CA$26.3bCA$16.5bCA$2.7b7.1x9.8x1.6x
Sun, 11 Sep 2022CA$29.3bCA$15.8bCA$2.6b7.1x11.3x1.9x
Tue, 09 Aug 2022CA$30.6bCA$15.4bCA$2.2b8.3x13.9x2x
Thu, 07 Jul 2022CA$28.4bCA$15.3bCA$1.5b7.3x18.8x1.9x
Sat, 04 Jun 2022CA$29.7bCA$15.0bCA$1.5b7.6x20x2x
Mon, 02 May 2022CA$31.0bCA$14.7bCA$994.7m9.8x31.2x2.1x
Wed, 30 Mar 2022CA$34.3bCA$14.4bCA$1.1b11.9x32.6x2.4x
Fri, 25 Feb 2022CA$34.3bCA$14.6bCA$736.4m13.4x46.6x2.4x
Sun, 23 Jan 2022CA$34.5bCA$13.6bCA$561.5m14.2x61.4x2.5x
Tue, 21 Dec 2021CA$36.7bCA$13.9bCA$574.6m13.6x63.8x2.6x
Thu, 18 Nov 2021CA$37.2bCA$13.6bCA$565.8m13.9x65.8x2.7x
Sat, 16 Oct 2021CA$35.8bCA$12.7bCA$203.7m12.1x175.8x2.8x
Mon, 13 Sep 2021CA$33.8bCA$12.7bCA$203.7m11.2x166x2.7x
Wed, 11 Aug 2021CA$33.6bCA$12.7bCA$193.2m10.7x173.6x2.6x
Sun, 06 Jun 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 59.7x202220232024
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 76.4x which is higher than its 3-year average PE of 59.7x.
  • 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 Market0.71%
Real Estate0.42%
Real Estate-0.68%
Real Estate Development0.24%
Real Estate Services-0.11%
Real Estate Operating Companies-1.67%
Diversified Real Estate-3.52%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 22.0x.
    • Analysts are expecting annual earnings growth of 38.8%, 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 Services industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings decline by 8.8% 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
CIGI Colliers International GroupCA$147.611.2%
+CA$87.4m		2.5%PE82.8x
TCN Tricon ResidentialCA$15.361.3%
+CA$56.3m		41.4%PE29.1x
AIF Altus GroupCA$50.641.6%
+CA$37.0m		-5.9%PE226.2x
DC.A DundeeCA$1.4017.6%
+CA$18.7m		14.8%PS18.3x
DRM Dream UnlimitedCA$17.961.0%
+CA$7.2m		-20.5%PS2x
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Latest News

BRE

CA$13.73

Bridgemarq Real Estate Services

7D

1.7%

1Y

-7.9%

Bridgemarq Real Estate Services (TSE:BRE) Will Pay A Dividend Of CA$0.1125

Apr 26
Bridgemarq Real Estate Services (TSE:BRE) Will Pay A Dividend Of CA$0.1125

FSV

CA$204.83

FirstService

7D

-0.3%

1Y

0.5%

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

Apr 26
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SVI

CA$4.76

StorageVault Canada

7D

-4.0%

1Y

-17.8%

NXLV

CA$2.00

NexLiving Communities

7D

13.0%

1Y

-23.1%

DC.A

CA$1.40

Dundee

7D

17.6%

1Y

14.8%

WFC

CA$21.56

Wall Financial

7D

-6.3%

1Y

19.6%

ISV

CA$26.75

Information Services

7D

-0.9%

1Y

18.9%

AIF

CA$50.64

Altus Group

7D

1.6%

1Y

-5.9%

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

Apr 17
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MPC

CA$5.80

Madison Pacific Properties

7D

-1.2%

1Y

-13.7%

MEQ

CA$177.44

Mainstreet Equity

7D

-4.1%

1Y

36.0%

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

Apr 12
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DRM

CA$17.96

Dream Unlimited

7D

1.0%

1Y

-20.5%

TCN

CA$15.36

Tricon Residential

7D

1.3%

1Y

41.4%

PKT

CA$0.62

Parkit Enterprise

7D

3.3%

1Y

-26.2%

REAL

CA$5.17

Real Matters

7D

-4.3%

1Y

1.8%

CIGI

CA$147.61

Colliers International Group

7D

1.2%

1Y

2.5%

MRC

CA$110.30

Morguard

7D

-2.5%

1Y

6.8%