Canadian Apartment Properties (CAR.UN.TO)…

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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

Investor Insights

Jun 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.

Consensus

Cautious

Valuation

Undervalued

Similar

Brookfield, BPY.UN

PAST TOP PICK

(A Top Pick Feb 07/19, Up 16%) He has really liked the apartment REITs because rents have been growing very nicely. The distributions are going up and you get a nice yield. There is a tone of money crowded into companies with high dividends but little dividend growth. Canada needs more rental housing.

Wealthica Track your Stocks in your Watch List

PAST TOP PICK

(A Top Pick Jul 31/19, Up 14%) Super managers. The oldest, biggest REIT around. They are diversified. They own ERE.UN-X. They can easily build 10,000 apartments on land they currently own. Canada suffers from very low vacancies and strong demand for apartments in cities like Toronto, driven by immigrants, students and Boomers who are downsizing.

BUY ON WEAKNESS

This has done very sell in the apartment space as a REIT. Near term pullback in prices may just be some profit taking and shifting into more cyclical areas. Not the highest yield. She would wait to buy on weakness.

DON'T BUY

This REIT and apartments have done amazingly well. Rents will move up. But CAR.UN is 28x AFFO, which is nosebleed high. If interest rates spike 0.5%, this will get hurt, sharply fall. Others in this space are cheaper.

BUY

A take-out candidate? Apartments are a hot sector. Once rent control was removed, apartments are suddenly being built. Still, there isn't enough demand. REITs like this are a good way to play this space. Its dividend though is lower than its peers. It could possibly be taken out. If you've held it for 20 years, hold onto it or you pay capital gains.

BUY

Has grown 280% over 10 years. A great way to play residential rentals in Canadian cities like Toronto.

HOLD

CAR.UN vs IIP.UN He likes both as they both have exposure to apartments in the Toronto market. Both have outstanding management teams and great opportunities ahead. He would hold both of them.

PAST TOP PICK

(A Top Pick Jul 31/19, Up 15%) He would continue to hold this. The right space in apartment rentals at the right time. They hold assets in the Netherlands and Ireland as well.

Wealthica Track your Stocks in your Watch List

PAST TOP PICK

(A Top Pick Feb 07/19, Up 14%) Rental increases in Canada are in the low teens, which is helping distributions. It remains attractive in the yield space. He remains interested in residential and industrial REITs.

TOP PICK

The REITs are re-accelerating even among bond proxies and CAP REIT is revving up. This will outperform the market. (Analysts’ price target is $57.13)

BUY

We have such a tight market in the Toronto market where they operate, they can move rents materially. He sees a lot of upside in the stock.

BUY

Bullish on Canadian apartment sector. CAR is a growth stock, with yield. Significantly more growth for them. Likes it, a great play on the sector. Still time to get in.

HOLD

The biggest apartment REIT in Canada. A good, liquid way to play the fundamentals in this space. Global analysts see the GTA of Ontario a great market area, right up there with India. He wonders what their rental rate growth might be going forward. A good name to hold.

HOLD

The whole sector has been hot with rents increasing. CAR has been a great performer, but it's a lower-yielding REIT of 2.4%. He prefers higher ones like 5-7%. But this is a good grower--will that growth compensate for the low yield? Don't chase this now, but hold onto it.

PAST TOP PICK

(A Top Pick Aug 13/19, Up 7%) The chart looks good. It moved higher in the winter, went sideways in the summer, then resumed moving up to the present. Meanwhile, collect the dividend.

Showing 91 to 105 of 260 entries

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Canadian Apartment Properties (CAR.UN.TO)