Canadian Real Estate Data Update 3/27/26

Previous Trade Ideas remain attractive

Canadian Real Estate has begun 2026 with a +0.3% total return (XRE a/o 3/27). US REITs are -1.1%, and the CAD is -1.2% vs USD.

Investors should be prepared psychologically and financially for the possibility that equities could fall much further if exports through the Strait of Hormuz remain blocked. Hopefully diplomacy will avert a worst-case outcome. The greatest risks in the real estate sector are for companies with weaker balance sheets and those where investors are expecting a beneficial corporate action like major asset sales or M&A. Deals will slow sharply until the macro uncertainty is resolved.

This article updates valuations using 3/27 prices and updates financials for issuers that filed in the past week. There’s no change to trade ideas mentioned a week ago and there have been no major changes at those companies.