Best Real Estate Stocks in Canada for 2026
REITs ranked on FFO-based valuation and dividend coverage instead of GAAP P/E, which understates how real estate actually creates value.
Real Estate is dominated by REITs whose accounting (depreciation reduces GAAP earnings without reflecting economic value) makes raw P/E misleading. The composite leans on FFO-based metrics in the Valuation pillar and dividend-coverage ratios in Health. Yield isn't a free lunch; payout sustainability separates the durable names from the trap setups.
Canada listings on the Toronto Stock Exchange (TSX) lean heavily toward materials, energy, and financials, with composite scores reflecting that mix. Universe filters apply a minimum CAD 2 share price and USD 200M market cap.
Data as of (updated daily)
Top 20 Real Estate in Canada by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | GDC.TO | Genesis Land Development Corp. | 62.9 |
| 2 | CRT-UN.TO | CT Real Estate Investment Trust | 62.9 |
| 3 | BEK-B.TO | Becker Milk Co Ltd Cl B Nv Spec (BEK-B.TO | 62.7 |
| 4 | GRT-UN.TO | Granite Real Estate Investment Trust | 62.7 |
| 5 | APR-UN.TO | Automotive Properties Real Estate Investment Trust | 59.5 |
| 6 | PMZ-UN.TO | Primaris Retail R.E. Invest. Tr. Units | 58.3 |
| 7 | DRM.TO | Dream Unlimited Corp | 57.4 |
| 8 | FCD-UN.TO | Firm Capital Property Trust | 56.9 |
| 9 | DIR-UN.TO | Dream Industrial Real Estate Investment Trust | 56.6 |
| 10 | SGR-U.TO | Slate Grocery REIT | 56.5 |
| 11 | SRU-UN.TO | SmartCentres Real Estate Investment Trust | 55.5 |
| 12 | PLZ-UN.TO | Plaza Retail REIT | 54.2 |
| 13 | MEQ.TO | Mainstreet Equity Corp. | 54.1 |
| 14 | MHC-U.TO | Flagship Communities Real Estate Investment Trust | 53.9 |
| 15 | BEI-UN.TO | Boardwalk Real Estate Investment Trust | 53.9 |
| 16 | PRV-UN.TO | Pro Real Estate Investment Trust | 53.3 |
| 17 | MRD.TO | Melcor Developments Ltd. | 52.9 |
| 18 | BTB-UN.TO | BTB Real Estate Investment Trust | 52.7 |
| 19 | AP-UN.TO | Allied Properties Real Estate Investment Trust | 52.6 |
| 20 | BRE.TO | Bridgemarq Real Estate Services Inc | 52.4 |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score within the Real Estate sector listed in Canada; use the screener for the full ranked list.