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Canadian (TSX) Real Estate Industry Analysis

UpdatedAug 14, 2022
DataAggregated Company Financials
Companies34
  • 7D4.6%
  • 3M7.2%
  • 1Y-10.3%
  • YTD-17.2%

The Real Estate industry is up 4.6% in the last week, with Colliers International Group up 6.9%. In contrast, the industry has lost 10% in the last 12 months. Looking forward, earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Aug 2022CA$31.6bCA$15.6bCA$2.6b7.5x12.2x2x
Tue, 12 Jul 2022CA$28.5bCA$15.2bCA$1.5b7.3x18.9x1.9x
Thu, 09 Jun 2022CA$29.5bCA$14.9bCA$1.5b7.6x19.9x2x
Sat, 07 May 2022CA$29.9bCA$15.1bCA$1.1b8.2x26.1x2x
Mon, 04 Apr 2022CA$34.2bCA$14.3bCA$1.0b11.7x34x2.4x
Wed, 02 Mar 2022CA$33.4bCA$14.4bCA$910.6m12x36.6x2.3x
Fri, 28 Jan 2022CA$34.5bCA$13.7bCA$564.7m14.1x61.1x2.5x
Sun, 26 Dec 2021CA$38.1bCA$13.8bCA$572.3m14.4x66.5x2.8x
Tue, 23 Nov 2021CA$37.4bCA$13.7bCA$562.8m14.9x66.4x2.7x
Thu, 21 Oct 2021CA$36.1bCA$12.7bCA$203.9m12x177.3x2.8x
Sat, 18 Sep 2021CA$34.2bCA$13.0bCA$202.4m11.2x168.9x2.6x
Mon, 16 Aug 2021CA$33.7bCA$12.7bCA$193.2m10.4x174.4x2.7x
Mon, 31 May 2021CA$29.0bCA$11.9bCA$304.5m12x95.4x2.4x
Thu, 04 Mar 2021CA$26.9bCA$11.6bCA$215.6m19.4x124.7x2.3x
Sun, 06 Dec 2020CA$24.7bCA$12.0bCA$767.2m20.7x32.3x2.1x
Wed, 09 Sep 2020CA$23.2bCA$11.9bCA$807.0m15.8x28.7x1.9x
Tue, 02 Jun 2020CA$19.8bCA$12.4bCA$571.3m12.6x34.6x1.6x
Fri, 06 Mar 2020CA$23.3bCA$11.4bCA$712.2m14.7x32.8x2x
Mon, 09 Dec 2019CA$22.1bCA$11.1bCA$350.3m14.9x63x2x
Sun, 01 Sep 2019CA$20.4bCA$10.6bCA$392.2m13.5x51.9x1.9x
Price to Earnings Ratio

51.9x


Total Market Cap: CA$20.4bTotal Earnings: CA$392.2mTotal Revenue: CA$10.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Real Estate Industry Price to Earnings3Y Average 66x202020212022
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 12.2x which is lower than its 3-year average PE of 66.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 87% 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 Market3.02%
Real Estate3.44%
Real Estate4.57%
Real Estate Services6.18%
Diversified Real Estate3.94%
Real Estate Operating Companies2.51%
Real Estate Development0.37%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry, which is trading close to its 3-year average PE ratio of 45.6x.
  • Analysts are expecting annual earnings growth of 48%, which is higher than its past year's earnings decline of 31% per year.
  • Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 28.3x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Services industry, expecting annual earnings growth of 48% over the next 5 years.
  • This is better than its past earnings decline of 31% per year.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings decline by 43% 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$169.596.9%
+CA$474.7m
1.1%PB11.8x
FSV FirstServiceCA$177.884.4%
+CA$331.0m
-24.9%PB7.2x
AIF Altus GroupCA$56.317.4%
+CA$178.5m
-17.4%PB4.6x
TCN Tricon ResidentialCA$15.104.4%
+CA$162.9m
-6.0%PB0.9x
REAX Real BrokerageCA$2.4626.2%
+CA$91.0m
-2.0%PB18.8x
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DC.A

CA$1.27

Dundee

7D

-3.8%

1Y

-19.1%

MRC

CA$117.75

Morguard

7D

2.8%

1Y

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EMER

CA$0.50

Emergia

7D

-19.4%

1Y

-41.2%