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Canadian (TSX) Real Estate Services Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies5
  • 7D2.7%
  • 3M-16.2%
  • 1Y-4.8%
  • YTDn/a

In the last week, the Real Estate Services industry is up 2.9%, with FirstService up 3.8%. In contrast, the industry has lost 4.7% in the last 12 months. Looking forward, earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026CA$20.4bCA$16.3bCA$329.5m46.2x61.8x1.2x
Mon, 09 Mar 2026CA$20.6bCA$16.0bCA$324.4m47.2x63.5x1.3x
Wed, 04 Feb 2026CA$22.5bCA$15.9bCA$363.3m53.4x62x1.4x
Fri, 02 Jan 2026CA$23.8bCA$16.0bCA$373.2m57.6x63.7x1.5x
Sun, 30 Nov 2025CA$24.0bCA$16.3bCA$379.0m57.5x63.2x1.5x
Tue, 28 Oct 2025CA$26.1bCA$15.9bCA$389.6m64.5x67x1.6x
Thu, 25 Sep 2025CA$27.5bCA$15.7bCA$392.0m66.5x70.2x1.7x
Sat, 23 Aug 2025CA$27.7bCA$15.7bCA$390.1m70x70.9x1.8x
Mon, 21 Jul 2025CA$24.0bCA$15.1bCA$412.8m61.8x58.2x1.6x
Wed, 18 Jun 2025CA$23.1bCA$15.0bCA$410.6m61.7x56.2x1.5x
Fri, 16 May 2025CA$23.3bCA$15.4bCA$419.3m61.1x55.6x1.5x
Sun, 13 Apr 2025CA$21.4bCA$15.0bCA$438.9m42.1x48.9x1.4x
Tue, 11 Mar 2025CA$23.5bCA$15.5bCA$456.0m43.3x51.6x1.5x
Thu, 06 Feb 2025CA$25.9bCA$15.3bCA$453.7m55.2x57x1.7x
Sat, 04 Jan 2025CA$24.9bCA$15.0bCA$411.2m75.9x60.6x1.7x
Mon, 02 Dec 2024CA$26.9bCA$14.5bCA$399.6m81.4x67.3x1.8x
Wed, 30 Oct 2024CA$26.1bCA$14.3bCA$374.2m79.5x69.8x1.8x
Fri, 27 Sep 2024CA$24.9bCA$13.5bCA$325.4m101.8x76.4x1.8x
Sun, 25 Aug 2024CA$24.2bCA$13.5bCA$326.3m98.5x74.1x1.8x
Tue, 23 Jul 2024CA$22.7bCA$13.4bCA$290.2m74.9x78.2x1.7x
Thu, 20 Jun 2024CA$19.8bCA$13.4bCA$289.4m64.9x68.4x1.5x
Sat, 18 May 2024CA$20.2bCA$13.3bCA$287.5m66.5x70.3x1.5x
Mon, 15 Apr 2024CA$20.7bCA$13.2bCA$256.7m77.8x80.5x1.6x
Wed, 13 Mar 2024CA$21.1bCA$12.9bCA$250.4m83x84.4x1.6x
Fri, 09 Feb 2024CA$19.9bCA$12.8bCA$223.8m167.5x89x1.6x
Sun, 07 Jan 2024CA$19.5bCA$12.7bCA$221.1m158.2x88.1x1.5x
Tue, 05 Dec 2023CA$19.0bCA$12.8bCA$223.7m149.3x84.8x1.5x
Thu, 02 Nov 2023CA$17.6bCA$13.2bCA$203.6m167.8x86.3x1.3x
Sat, 30 Sep 2023CA$17.9bCA$12.7bCA$202.3m166.4x88.7x1.4x
Mon, 28 Aug 2023CA$19.2bCA$12.8bCA$202.6m178.6x95x1.5x
Wed, 26 Jul 2023CA$19.3bCA$12.8bCA$203.9m85.1x94.6x1.5x
Fri, 23 Jun 2023CA$17.1bCA$12.8bCA$203.6m71.9x84x1.3x
Sun, 21 May 2023CA$17.4bCA$13.1bCA$208.1m73.2x83.7x1.3x
Tue, 18 Apr 2023CA$18.4bCA$12.8bCA$204.3m53.7x89.9x1.4x
Price to Earnings Ratio

89.9x


Total Market Cap: CA$18.4bTotal Earnings: CA$204.3mTotal Revenue: CA$12.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Real Estate Services Industry Price to Earnings3Y Average 72.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Real Estate Services 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 61.5x which is lower than its 3-year average PE of 72.7x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Real Estate Services industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 8.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Canadian Real Estate Services compare with similar industries?

CA Market2.00%
Real Estate1.86%
Real Estate2.22%
Real Estate Services2.73%
Diversified Real Estate1.94%
Real Estate Development0.80%
Real Estate Operating Companies0.28%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
FSV FirstServiceCA$201.783.8%
+CA$338.0m		-12.8%PE46.2x
CIGI Colliers International GroupCA$153.702.5%
+CA$194.7m		-1.0%PE55.1x
AIF Altus GroupCA$48.752.2%
+CA$41.5m		2.5%PS3.9x
REAL Real MattersCA$5.630.2%
+CA$742.9k		3.3%PS1.7x

Latest News

CIGI
CA$153.70
Colliers International Group
7D
2.5%
1Y
-1.0%

CIGI: 2026 Guidance And AI Risk Repricing Will Support Premium Multiple

Analysts have trimmed their average CA$ price targets on Colliers International Group by CA$10 to CA$20 after a slight Q4 earnings miss, while still pointing to steady long term assumptions on revenue growth, margins, and future P/E, supported by confidence that AI related disruption risks are being overstated. Analyst Commentary Research desks have mostly reset their models after the Q4 earnings miss, trimming price targets while keeping a close eye on execution and how AI risk is being priced into the shares.
FSV
CA$201.78
FirstService
7D
3.8%
1Y
-12.8%

FSV: Refreshed Discount Rate Assumptions Will Support Higher Profit Margin Delivery

Analysts have raised their CA$ price target on FirstService by CA$6, citing updated assumptions around discount rates, profit margins and a slightly lower future P/E outlook as the key drivers of the revised view. Analyst Commentary Bullish Takeaways Bullish analysts view the CA$6 increase in the price target as consistent with refreshed discount rate work, suggesting the revised target better aligns with their updated risk assumptions.
AIF
CA$48.75
Altus Group
7D
2.2%
1Y
2.5%

AIF: Buybacks And Reset Expectations Will Shape Balanced Risk And Reward

Altus Group's updated analyst price target now centers around CA$51.67. This reflects a reset in expectations after recent cuts to CA$55, CA$50, and CA$51 as analysts reassessed their assumptions, while keeping overall revenue growth, profit margin and P/E inputs broadly unchanged and making only a modest adjustment to the discount rate.
REAL
CA$5.63
Real Matters
7D
0.2%
1Y
3.3%

REAL: Refining Revenue And Margin Assumptions Will Support Higher Earnings Multiple

Analysts have raised their CA$ price targets on Real Matters, citing slightly higher assumed revenue growth, a modestly lower discount rate, and a small contraction in future P/E expectations that together support a higher valuation framework. Analyst Commentary Recent Street research on Real Matters points to a clear shift in tone, with several bullish analysts updating their views and price frameworks.
ISC
CA$44.38
Information Services
7D
-3.9%
1Y
66.1%

ISC: Future Registry Mandate And Labor Deal Will Shape Balanced Outlook

Analysts have raised their price target on the Information Services group to CA$49.60 from CA$44.20, citing updated assumptions around revenue growth, profit margins, discount rate and forward P/E that collectively support a higher estimated fair value. What's in the News The board and a special committee of independent directors are reviewing multiple options intended to maximize shareholder value.
BRE
CA$13.65
Bridgemarq Real Estate Services
7D
-0.1%
1Y
4.7%

Soft Real Estate Transactions And Rising Costs Will Pressure Earnings Durability

Catalysts About Bridgemarq Real Estate Services Bridgemarq Real Estate Services operates real estate brokerage brands in Canada and supports a large network of real estate professionals through franchised and corporately owned brokerages. What are the underlying business or industry changes driving this perspective?