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- 1 The Canadian real estate market is one of the biggest and most popular markets offering quality rental housing and properties.
- 2 Canada’s real estate market is doing well with adding newly listed properties jumped 6.3% month-over-month.
The increased demand for real estate properties boomed the value of real estate stocks in the Canadian marketplace. Canada operates nearly 82,941 real estate sales and brokerage businesses as of 2023 and is expected to increase in the near future.
If you are looking for some of the good real estate stocks for investment, here are a few options you can look at.
First Service Corporation (FSV)
First Service Corporation is a leading player in real estate development and is considered one of the top stocks in the real estate market. Introduced in 1989, the FSV stock price at current is CAD 192.39, a decline of 0.42% in the past 24 hours with a market cap of CAD8.578 Billion. The annual revenue of First Service Corporation is CAD 4.877 Billion and is a good stock to buy as per TradingView professional’s ratings.
Colliers International Group Inc (CIGI)
Another popular and powerful name in the list of best real estate stocks is Colliers International Group Inc. The company was founded in 1988 and is a major player in the real estate development industry, engaged with commercial real estate services. CIGI stock price is CAD 121.71, a hike of 1.51% in the past 24 hours with a market cap of CAD 5.743 Billion. As per an aggregate view of professional ratings, CIGI stock is a strong buy, generating an annual revenue of CAD 5.806 Billion.
Brookfield Office Properties Inc (BPO.PR.W)
The next stock to explore in the list is Brookfield Office Properties Inc. which was founded in 1978. The company is heavily engaged in real estate development activities including owning, developing, and managing commercial properties. BPO.PR.W’s stock price is CAD 8.71, an upsurge of 2.47% with a market cap of CAD 5.842 Billion. Selling the stock would be beneficial for the holders as per the professional’s ratings.
Tricon Residential Inc (TCN)
Tricon Residential Inc. is another popular and leading player in the real estate stock market of Canada. Established in 1988, the company offers services related to residential real estate and is a leader in the real estate development industry. TCN stock price at current is CAD 9.40, a hike of 0.43% in the last 24 hours with a market cap of CAD 2.556 Billion. The company generates an annual revenue of CAD 884.483 Million and is considered a strong buy as per the aggregate view of professionals’s ratings.
Altus Group LTD (AIF)
Another stock to explore in the Canadian real estate market is Altus Group Limited. The company is a leader in the finance, leasing, and rental industry, working with commercial real estate services. AIF stock price at current is CAD 48.67, an upsurge of 0.90% in the last day with a market cap of CAD 2.202 Billion. AIF stock is a buy as per professional ratings.
Conclusion
The increasing demand for real estate, commercial, and residential real estate boomed the value of real estate stocks. Altus Group LTD, First Service Corporation, Colliers International Group Inc., Tricon Residential Inc., and Brookfield Office Properties Inc. are some major stocks to look at.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
