Real Estate

2 Top Real Estate Stocks to Buy on the TSX Today

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Real estate investing can be an entirely passive endeavour via stock investing. A top real estate stock that is a Canadian Dividend Aristocrat that increased its dividend at the highest rate in the last year was FirstService (TSX:FSV). Specifically, in February, it increased its quarterly dividend by 10.8%.

It has outperformed the Canadian real estate sector (using iShares S&P/TSX Capped REIT Index ETF as a proxy) and the Canadian stock market (using iShares S&P/TSX 60 Index ETF as a proxy) over the last five years, as shown in the graph below. So, it’s worth a closer look.

FSV Total Return Level Chart

FSV, XRE, and XIU Total Return Level data by YCharts

FirstService provides real estate services in North America, including managing residential communities. Additionally, it provides essential property services through individually branded franchise systems and company-owned operations. In most years over the last decade, FirstService achieved returns on equity of

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