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Real Estate Investment Trusts in Canada Industry Data and Analysis
The Canadian Real Estate Investment Trust (REIT) industry has faced challenges in recent years. Despite these headwinds, a decline in interest rates spurred by the Bank of Canada has started to positively impact the industry. With reduced borrowing costs, REITs are getting an opportunity to alleviate their financial burdens by financing new acquisitions and refinancing existing debts more economically. As a result, REITs are expected to have a more favorable financial position. However, the easing of bond yields by these lower interest rates is merely compensating for the decreased revenue, making the REITs' dividend yield look more appealing to investors. Through the end of 2025, industry revenue has dipped at a CAGR of 4.4% to reach $9.8 billion, when revenue will climb 4.2%.
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What's included in this industry analysis
IBISWorld's research coverage on the Real Estate Investment Trusts industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released August 2025.
About this industry
What's this industry report about?
The Real Estate Investment Trusts industry in Canada operates under the NAICS industry code 52593CA. This industry comprises legal entities that are categorized as real estate investment trusts (REITs). REITs, similar to mutual funds, use the pooled capital of many investors to directly invest in income-yielding properties. To qualify as an REIT, a company or trust must annually distribute all of its taxable income to shareholders in the form of dividends. Income is largely generated from rent, interest and capital gains. Related terms covered in the Real Estate Investment Trusts industry in Canada include equity reit, mortgage reit, hybrid reit, funds from operations and mortgage-backed securities.
What's included in this industry?
Products and services covered in Real Estate Investment Trusts industry in Canada include Retail REITs, Industrial and office REITs and Residential REITs.
What companies are included in this industry?
Companies covered in the Real Estate Investment Trusts industry in Canada include RioCan REIT, CAPREIT and SmartCentres.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Real Estate Investment Trusts industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Real Estate Investment Trusts industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Real Estate Investment Trusts industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Real Estate Investment Trusts industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Real Estate Investment Trusts industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Real Estate Investment Trusts industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Real Estate Investment Trusts industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Real Estate Investment Trusts industry in Canada.
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Frequently Asked Questions
What is the market size of the Real Estate Investment Trusts industry in Canada in 2026?
The market size of the Real Estate Investment Trusts industry in Canada is $9.8bn in 2026.
How many businesses are there in the Real Estate Investment Trusts industry in Canada in 2025?
There are 41 businesses in the Real Estate Investment Trusts industry in Canada, which has declined at a CAGR of 2.7 % between 2020 and 2025.
How may import tariffs affect the Real Estate Investment Trusts industry in Canada?
The Real Estate Investment Trusts industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Real Estate Investment Trusts industry in Canada?
The Real Estate Investment Trusts industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Real Estate Investment Trusts industry in Canada grown or declined over the past 5 years?
The market size of the Real Estate Investment Trusts industry in Canada has been declining at a CAGR of 4.4 % between 2020 and 2025.
What is the forecast growth of the Real Estate Investment Trusts industry in Canada over the next 5 years?
Over the next five years, the Real Estate Investment Trusts industry in Canada is expected to grow.
What are the biggest companies in the Real Estate Investment Trusts industry in Canada?
The biggest companies operating in the Real Estate Investment Trusts industry in Canada are RioCan REIT, CAPREIT and SmartCentres
What does the Real Estate Investment Trusts industry in Canada include?
Retail REITs and Industrial and office REITs are part of the Real Estate Investment Trusts industry in Canada.
Which companies have the highest market share in the Real Estate Investment Trusts industry in Canada?
The company holding the most market share in the Real Estate Investment Trusts industry in Canada is RioCan REIT.
How competitive is the Real Estate Investment Trusts industry in Canada?
The level of competition is moderate and steady in the Real Estate Investment Trusts industry in Canada.
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