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Canadian (TSX) Real Estate Industry Analysis

UpdatedDec 01, 2022
DataAggregated Company Financials
Companies35
  • 7D1.0%
  • 3M-2.9%
  • 1Y-23.8%
  • YTD-27.1%

In the last week, the Real Estate industry is up 1.0%, with FirstService up 3.3%. In the same time, Dream Unlimited was down 5.4%. In the past year, the industry is down 24%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022CA$27.8bCA$16.9bCA$2.7b6.5x10.4x1.6x
Sat, 29 Oct 2022CA$27.5bCA$16.5bCA$2.7b7x10.3x1.7x
Mon, 26 Sep 2022CA$26.8bCA$16.3bCA$2.7b7.3x10x1.6x
Wed, 24 Aug 2022CA$30.1bCA$15.7bCA$2.6b7.3x11.5x1.9x
Fri, 22 Jul 2022CA$29.4bCA$15.2bCA$1.5b7.3x19.5x1.9x
Sun, 19 Jun 2022CA$26.6bCA$15.3bCA$1.5b7.4x17.6x1.7x
Tue, 17 May 2022CA$29.6bCA$15.3bCA$1.5b6.6x19.9x1.9x
Thu, 14 Apr 2022CA$33.2bCA$14.4bCA$1.0b10.9x32.8x2.3x
Sat, 12 Mar 2022CA$33.2bCA$14.4bCA$975.4m11.9x34x2.3x
Mon, 07 Feb 2022CA$35.4bCA$13.7bCA$580.4m13.8x60.9x2.6x
Wed, 05 Jan 2022CA$38.2bCA$13.7bCA$559.3m14.7x68.4x2.8x
Fri, 03 Dec 2021CA$37.2bCA$13.8bCA$579.2m14.6x64.3x2.7x
Sun, 31 Oct 2021CA$36.7bCA$12.9bCA$219.5m12.5x167.2x2.8x
Tue, 28 Sep 2021CA$33.6bCA$12.9bCA$202.7m11x165.5x2.6x
Thu, 26 Aug 2021CA$33.8bCA$12.7bCA$193.2m11.2x174.8x2.7x
Fri, 02 Jul 2021CA$31.1bCA$12.7bCA$193.2m11x160.7x2.4x
Mon, 05 Apr 2021CA$27.0bCA$11.8bCA$293.8m11.2x91.9x2.3x
Thu, 07 Jan 2021CA$24.8bCA$11.5bCA$205.9m17.1x120.7x2.2x
Wed, 30 Sep 2020CA$23.9bCA$12.0bCA$787.1m19.7x30.3x2x
Sat, 04 Jul 2020CA$20.9bCA$12.0bCA$846.1m15.9x24.7x1.7x
Tue, 07 Apr 2020CA$17.1bCA$12.6bCA$645.3m11.8x26.5x1.4x
Fri, 10 Jan 2020CA$22.3bCA$11.5bCA$751.6m13.9x29.7x1.9x
Price to Earnings Ratio

63x


Total Market Cap: CA$22.1bTotal Earnings: CA$350.3mTotal Revenue: CA$11.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Real Estate Industry Price to Earnings3Y Average 61.1x202020212022
Current Industry PE
  • Investors are pessimistic on the Canadian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 10.4x which is lower than its 3-year average PE of 61.1x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 97% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market0.70%
Real Estate0.73%
Real Estate1.01%
Diversified Real Estate2.71%
Real Estate Services2.11%
Real Estate Operating Companies-0.26%
Real Estate Development-3.10%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 37.9%, which is higher than its past year's earnings decline of 9.8% per year.
  • Investors are most pessimistic about the Real Estate Development 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 38% over the next 5 years.
  • This is better than its past earnings decline of 9.8% per year.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings decline by 53% 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
FSV FirstServiceCA$174.273.3%
+CA$248.9m
-29.0%PB6.5x
MRC MorguardCA$114.345.7%
+CA$68.3m
-13.6%PB0.3x
AIF Altus GroupCA$53.232.6%
+CA$60.7m
-17.6%PB4.2x
CIGI Colliers International GroupCA$127.021.0%
+CA$54.1m
-26.4%PB8.4x
DC.A DundeeCA$1.5519.2%
+CA$22.0m
3.3%PB0.5x
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Latest News

REAX

CA$1.67

Real Brokerage

7D

-3.5%

1Y

-64.5%

FSV

CA$174.27

FirstService

7D

3.3%

1Y

-29.0%

MPC

CA$6.36

Madison Pacific Properties

7D

-1.4%

1Y

-2.2%

DRM

CA$28.90

Dream Unlimited

7D

-5.4%

1Y

-16.8%

TCN

CA$11.53

Tricon Residential

7D

-1.3%

1Y

-35.1%

REAL

CA$4.08

Real Matters

7D

-4.9%

1Y

-48.5%

DC.A

CA$1.55

Dundee

7D

19.2%

1Y

3.3%

YAK

CA$1.54

Mongolia Growth Group

7D

-3.8%

1Y

2.7%

MRC

CA$114.34

Morguard

7D

5.7%

1Y

-13.6%

MRD

CA$10.90

Melcor Developments

7D

3.1%

1Y

-23.8%

MEQ

CA$121.46

Mainstreet Equity

7D

1.0%

1Y

8.0%

CIGI

CA$127.02

Colliers International Group

7D

1.0%

1Y

-26.4%

AIF

CA$53.23

Altus Group

7D

2.6%

1Y

-17.6%

SVI

CA$6.55

StorageVault Canada

7D

-2.5%

1Y

5.5%

WFC

CA$13.90

Wall Financial

7D

-1.4%

1Y

-4.9%