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TSE:CAR.UN

Canadian Apartment Properties (CAR.UN.TO)

34.27
+0.57 (1.69%)
as of Aug 19, 2026, 8:00:00 pm Market Open.
492 watching
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Investor Insights
star iconAug 19, 2026, 12:00 am

This summary was created by AI, based on 11 opinions in the last 12 months.

Experts have shared mixed views regarding Canadian Apartment Properties (CAR.UN-T), highlighting concerns over supply and demand dynamics in the rental market due to reduced immigration and increased inventory of condos. Several analysts noted that many tenants are exiting their high-rent leases signed during the pandemic, impacting overall rents. While some view the current P/E ratio as attractive and suggest that the fundamentals could improve in the long term, others express skepticism about the sector, particularly in light of potential interest rate hikes and rent control issues. A consensus suggests that even though the environment is challenging now, the cyclical nature of the business may lead to a turnaround in a few years, making it an opportunity for long-term investors willing to be patient.

consensus icon
Consensus
Mixed
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Valuation
Undervalued
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AIM.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.
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.
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.
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