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Canadian (TSX) Real Estate Industry Analysis

UpdatedMay 09, 2024
DataAggregated Company Financials
Companies30
  • 7D2.6%
  • 3M-4.7%
  • 1Y9.5%
  • YTD-0.9%

The Real Estate industry is up 3.1% in the last week, with Colliers International Group up 4.9%. This takes the industry's 12 month performance to a gain of 9.9%. As for the next few years, earnings are expected to grow by 31% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 May 2024CA$27.7bCA$16.6bCA$494.1m9.3x56x1.7x
Sat, 06 Apr 2024CA$33.0bCA$17.4bCA$444.0m16.5x74.4x1.9x
Mon, 04 Mar 2024CA$33.5bCA$17.3bCA$505.6m16.7x66.3x1.9x
Wed, 31 Jan 2024CA$33.0bCA$17.0bCA$226.8m13.2x145.5x1.9x
Fri, 29 Dec 2023CA$31.5bCA$16.9bCA$286.1m12.4x110.1x1.9x
Sun, 26 Nov 2023CA$29.2bCA$17.3bCA$308.0m10.5x95x1.7x
Tue, 24 Oct 2023CA$26.4bCA$17.2bCA$583.3m8.7x45.3x1.5x
Thu, 21 Sep 2023CA$29.8bCA$17.0bCA$576.3m8.9x51.7x1.8x
Sat, 19 Aug 2023CA$29.0bCA$17.0bCA$583.6m9.9x49.7x1.7x
Mon, 17 Jul 2023CA$30.3bCA$17.0bCA$1.3b7.5x22.9x1.8x
Wed, 14 Jun 2023CA$28.6bCA$17.1bCA$1.4b7.1x20.8x1.7x
Fri, 12 May 2023CA$28.0bCA$17.3bCA$1.4b7.2x20.1x1.6x
Sun, 09 Apr 2023CA$28.7bCA$16.9bCA$1.9b7.1x15.3x1.7x
Tue, 07 Mar 2023CA$30.0bCA$17.0bCA$1.9b7.6x16x1.8x
Thu, 02 Feb 2023CA$29.7bCA$16.5bCA$2.7b6.8x11.2x1.8x
Sat, 31 Dec 2022CA$26.7bCA$16.9bCA$2.7b7.3x9.9x1.6x
Mon, 28 Nov 2022CA$27.9bCA$16.7bCA$2.7b6.4x10.5x1.7x
Wed, 26 Oct 2022CA$27.8bCA$16.4bCA$2.7b7x10.4x1.7x
Fri, 23 Sep 2022CA$27.1bCA$16.3bCA$2.7b7.3x10.2x1.7x
Sun, 21 Aug 2022CA$30.7bCA$15.8bCA$2.6b7.3x11.8x1.9x
Tue, 19 Jul 2022CA$28.2bCA$15.3bCA$1.5b7.3x18.7x1.8x
Thu, 16 Jun 2022CA$27.3bCA$15.2bCA$1.5b7.5x18.1x1.8x
Sat, 14 May 2022CA$29.6bCA$15.3bCA$1.5b6.6x19.8x1.9x
Mon, 11 Apr 2022CA$33.3bCA$14.4bCA$1.0b11x33x2.3x
Wed, 09 Mar 2022CA$32.3bCA$14.6bCA$979.7m11.9x32.9x2.2x
Fri, 04 Feb 2022CA$35.5bCA$13.7bCA$578.7m13.7x61.3x2.6x
Sun, 02 Jan 2022CA$38.8bCA$13.7bCA$558.4m14.7x69.5x2.8x
Tue, 30 Nov 2021CA$37.2bCA$13.8bCA$577.4m14.3x64.4x2.7x
Thu, 28 Oct 2021CA$36.5bCA$12.8bCA$219.6m12.3x166.4x2.8x
Sat, 25 Sep 2021CA$34.1bCA$13.0bCA$202.6m11x168.1x2.6x
Mon, 23 Aug 2021CA$33.8bCA$12.7bCA$193.2m11x174.9x2.7x
Sat, 10 Jul 2021CA$31.1bCA$12.7bCA$193.2m11x160.7x2.4x
Price to Earnings Ratio

95.4x


Total Market Cap: CA$29.0bTotal Earnings: CA$304.5mTotal Revenue: CA$11.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Real Estate Industry Price to Earnings3Y Average 59x202220232024
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 84.6x which is higher than its 3-year average PE of 59.0x.
  • The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 2.4% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market3.09%
Real Estate2.50%
Real Estate2.57%
Real Estate Development5.18%
Real Estate Services3.32%
Real Estate Operating Companies0.13%
Diversified Real Estate-3.71%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 21.3x.
    • Analysts are expecting annual earnings growth of 36.6%, which is higher than its past year's earnings growth of 16.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 78% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings decline by 56% 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$150.994.9%
+CA$356.1m		23.0%PE56.2x
FSV FirstServiceCA$207.472.9%
+CA$261.8m		7.0%PE75x
TCN Tricon ResidentialCA$15.462.5%
+CA$109.6m		44.4%PE29.1x
DRM Dream UnlimitedCA$19.376.3%
+CA$48.1m		-10.4%PS2.1x
MEQ Mainstreet EquityCA$175.572.1%
+CA$33.7m		32.0%PE9.3x
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ISV

CA$25.75

Information Services

7D

-1.0%

1Y

19.2%

PKT

CA$0.60

Parkit Enterprise

7D

-3.2%

1Y

-34.4%

MRC

CA$110.00

Morguard

7D

-0.9%

1Y

7.9%

GDC

CA$3.47

Genesis Land Development

7D

11.9%

1Y

73.5%

MEQ

CA$175.57

Mainstreet Equity

7D

2.1%

1Y

32.0%

FSV

CA$207.47

FirstService

7D

2.9%

1Y

7.0%

REAL

CA$5.58

Real Matters

7D

8.1%

1Y

3.0%

CMU

CA$4.00

Comet Industries

7D

-11.1%

1Y

n/a

KDSX

CA$0.85

Kadestone Capital

7D

-15.0%

1Y

-19.0%

DRM

CA$19.37

Dream Unlimited

7D

6.3%

1Y

-10.4%

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May 04
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TCN

CA$15.46

Tricon Residential

7D

2.5%

1Y

44.4%

CIGI

CA$150.99

Colliers International Group

7D

4.9%

1Y

23.0%

NXLV

CA$1.70

NexLiving Communities

7D

-5.0%

1Y

-37.0%

DC.A

CA$1.34

Dundee

7D

-5.0%

1Y

5.5%

WFC

CA$19.50

Wall Financial

7D

-3.5%

1Y

-2.5%

MRD

CA$11.45

Melcor Developments

7D

0.4%

1Y

2.9%