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TSE:CAR.UN

Canadian Apartment Properties (CAR.UN.TO)

35.78
+0.48 (1.36%)
as of Jun 12, 2026, 8:00:00 pm Market Open.
491 watching
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Investor Insights
star iconJun 12, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Canadian Apartment Properties (CAR.UN-T) is currently facing challenges primarily due to reduced immigration levels affecting the rental market and an oversupply of condos leading to falling rents. Experts note that while the situation is tough now, there are expectations of future recovery in the sector as immigration policies may improve over time. Many analysts see the stock as a potential yield play, especially considering its attractive price-to-earnings ratio and dividend yield, which hovers around 4%. However, concerns about volatile interest rates and potential government interventions in rent controls have also made some experts cautious. Overall, there's a sense that patience is required as the cyclical nature of the real estate market suggests a turnaround in a few years.

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Consensus
Cautious
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Valuation
Undervalued
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Similar
Brookfield, BPY.UN
TOP PICK

Had a great quarter. Made a few acquisitions. 4.7% yield. Not economically sensitive. Even if economy is soft the apartment space will hold up.

BUY

It keeps on bouncing off its high. All of them have done well. Analysis are saying to sell board walk and to buy this one because it has underperformed. These guys are fine. They have expanded a lot.

COMMENT

60%-70% of apartments in Toronto with half of that, or more, in the GTA. 4.7% yield. Increased their distribution this year by about 3%. Have spent a lot of money rejuvenating their apartments, which hopefully will allow them to increase their rents.

BUY

Most of their apartment units are in Eastern Canada. This is a controlled rent market and will be capped at 2.5% next year giving you good visibility in which direction cash flow is going. 4.8% yield.

PAST TOP PICK

(A Top Pick Nov 10/11. Up 20.31%.) Still likes the REIT space but they have gotten quite expensive. Sold his holdings.

COMMENT
Likes this sector. Own apartments, mostly in Eastern Canada. Apartment sector, somewhat counter intuitively is somewhat defensive. As economy slows down, demand for low income housing increases. They rent out apartments for $950-$1000 a month so occupancy is going up but cost of financing has gone down. In the next 12-18 months, there will probably be a mid-single digit rise in cash flow, which should provide some nice legs. 4.3% dividend yield is safe and likely to increase.
TOP PICK
Predominately apartment buildings with high quality apartments. Have done a great job of focusing on their operating performance. Have good access to rent increases because the market for rentals is quite tight. Expecting there could be an increase in the next 6-12 months in the 4.5% distribution.. Recently made a small acquisition of a mobile home manufacturer.
BUY
Just added this to his portfolio. Hasn't grown the distribution for quite some time and cash flow was pretty stagnant. Recently, cash flow growth has materialized and the payout ratio has come below 100. Offers about a 14.5% total return.
PAST TOP PICK
(A Top Pick Feb 8/11. Up 34.91%.) Yield is very attractive. With condo prices, particularly in the big markets like Calgary Vancouver and Toronto, going up so much, rental properties are going to be in higher demand. Stock is pretty expensive right now so only buy on dips.
HOLD
Very high quality name in the apartment space in Canada with a disproportionate amount of properties and cash flow in the greater Toronto area. Extremely well-managed. 80% payout ratio. 4.8% dividend yield.
PAST TOP PICK
(A Top Pick March 11/11. Up 18.75%.) Still likes.
BUY
Apartments, mainly in Ontario. Just produced some pretty good numbers recently. One of the problems in Ontario, particularly Toronto, is rent control. Pretty good management.
TOP PICK
Very good REIT that owns thousands of apartment units. Working very hard on increasing its energy efficiency and are saving lots of money. Discipline on the price they pay for acquisitions. Will likely be able to increase their 5.3% distribution.
BUY
Apartment REIT. Excellent. Yield of 5.3%. Very good sector.
PAST TOP PICK
(A Top Pick July 30/10. Up 41.45%.) Still a buy. Interest sensitive and these types of stocks will be hurt when interest rates go down.
Showing 196 to 210 of 260 entries