Header cover image

Canadian (TSX) Real Estate Industry Analysis

UpdatedMar 17, 2024
DataAggregated Company Financials
Companies31
  • 7D0.5%
  • 3M7.3%
  • 1Y14.0%
  • YTD7.6%

In the last week, the Real Estate industry is flat overall, with StorageVault Canada standing out by going down 3.7%. As for the the longer term, the industry is up 14% over the past 12 months. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 Mar 2024CA$33.7bCA$17.4bCA$473.2m16.3x71.3x1.9x
Tue, 13 Feb 2024CA$32.8bCA$17.1bCA$303.8m14.3x107.9x1.9x
Thu, 11 Jan 2024CA$30.9bCA$17.0bCA$290.2m12.5x106.4x1.8x
Sat, 09 Dec 2023CA$29.8bCA$17.2bCA$282.2m12.5x105.5x1.7x
Mon, 06 Nov 2023CA$28.0bCA$17.3bCA$555.5m9.8x50.4x1.6x
Wed, 04 Oct 2023CA$27.3bCA$17.2bCA$582.6m8.3x46.8x1.6x
Fri, 01 Sep 2023CA$30.1bCA$17.0bCA$576.9m8.9x52.2x1.8x
Sun, 30 Jul 2023CA$29.2bCA$17.3bCA$1.4b8.6x21.3x1.7x
Tue, 27 Jun 2023CA$27.7bCA$16.9bCA$1.3b7x20.8x1.6x
Thu, 25 May 2023CA$27.6bCA$17.4bCA$1.4b7.2x19.9x1.6x
Sat, 22 Apr 2023CA$29.1bCA$16.9bCA$1.9b6.1x15.5x1.7x
Mon, 20 Mar 2023CA$28.6bCA$17.1bCA$1.8b7x15.5x1.7x
Wed, 15 Feb 2023CA$31.0bCA$16.7bCA$2.7b6.4x11.7x1.9x
Fri, 13 Jan 2023CA$28.4bCA$16.7bCA$2.7b7.5x10.6x1.7x
Sun, 11 Dec 2022CA$27.0bCA$17.0bCA$2.7b6.2x10x1.6x
Tue, 08 Nov 2022CA$26.1bCA$16.6bCA$2.6b6.9x10.1x1.6x
Thu, 06 Oct 2022CA$27.3bCA$16.4bCA$2.7b7.2x10.2x1.7x
Sat, 03 Sep 2022CA$28.6bCA$15.9bCA$2.6b7x10.9x1.8x
Mon, 01 Aug 2022CA$30.1bCA$15.2bCA$1.3b7.5x22.6x2x
Wed, 29 Jun 2022CA$27.5bCA$15.2bCA$1.5b7.3x18.2x1.8x
Fri, 27 May 2022CA$28.7bCA$15.2bCA$1.5b6.7x19.3x1.9x
Sun, 24 Apr 2022CA$32.1bCA$14.4bCA$1.0b10x31.6x2.2x
Tue, 22 Mar 2022CA$34.2bCA$14.4bCA$1.1b11.9x32.4x2.4x
Thu, 17 Feb 2022CA$35.3bCA$14.3bCA$621.1m14x56.8x2.5x
Sat, 15 Jan 2022CA$35.7bCA$13.6bCA$556.5m14.3x64.2x2.6x
Mon, 13 Dec 2021CA$37.7bCA$13.7bCA$568.8m14.7x66.2x2.7x
Wed, 10 Nov 2021CA$37.1bCA$13.4bCA$327.8m13.9x113.1x2.8x
Fri, 08 Oct 2021CA$34.3bCA$12.9bCA$203.1m10.8x168.7x2.7x
Sun, 05 Sep 2021CA$34.0bCA$12.7bCA$193.2m11.3x176.2x2.7x
Tue, 03 Aug 2021CA$32.6bCA$12.7bCA$193.2m11.5x168.9x2.6x
Fri, 07 May 2021CA$28.8bCA$11.9bCA$308.4m12.1x93.4x2.4x
Price to Earnings Ratio

91.9x


Total Market Cap: CA$27.0bTotal Earnings: CA$293.8mTotal Revenue: CA$11.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Real Estate Industry Price to Earnings3Y Average 60x202220232024
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 71.3x which is higher than its 3-year average PE of 60.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 17% 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 Market0.45%
Real Estate-1.09%
Real Estate0.49%
Diversified Real Estate7.01%
Real Estate Services1.13%
Real Estate Operating Companies-0.74%
Real Estate Development-3.89%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 20.9x.
    • Analysts are expecting annual earnings growth of 34.0%, which is higher than its past year's earnings decline of 17.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Services industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 17% per year.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings decline by 9.2% 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$161.441.5%
+CA$122.1m
12.5%PE91x
FSV FirstServiceCA$227.630.9%
+CA$93.5m
22.3%PE75.3x
MEQ Mainstreet EquityCA$183.913.3%
+CA$55.1m
44.5%PE10.5x
ISV Information ServicesCA$25.619.9%
+CA$40.9m
18.7%PE18.1x
WFC Wall FinancialCA$22.094.7%
+CA$31.7m
31.5%PE30.6x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

SVI

CA$5.01

StorageVault Canada

7D

-3.7%

1Y

-15.8%

PKT

CA$0.65

Parkit Enterprise

7D

8.3%

1Y

-31.6%

DRM

CA$19.72

Dream Unlimited

7D

-6.4%

1Y

-13.5%

AIF

CA$50.75

Altus Group

7D

0.04%

1Y

-12.0%

MRC

CA$111.66

Morguard

7D

-3.7%

1Y

7.9%

BRE

CA$14.00

Bridgemarq Real Estate Services

7D

-2.0%

1Y

2.8%

TCN

CA$15.06

Tricon Residential

7D

-0.1%

1Y

45.9%

FSV

CA$227.63

FirstService

7D

0.9%

1Y

22.3%

WFC

CA$22.09

Wall Financial

7D

4.7%

1Y

31.5%

REAL

CA$6.07

Real Matters

7D

-3.3%

1Y

24.1%

MPC

CA$6.20

Madison Pacific Properties

7D

-4.6%

1Y

-6.5%

YEG

CA$0.14

Yorkton Equity Group

7D

-14.7%

1Y

-12.1%