The SIA Sector Report has a notable new member in its favored zone: the SIA Real Estate Sector. This is visible in the attached point and figure chart of the EWI425, SIA's equal weight index for the real estate sector, where we have highlighted this relative move using the color coding with the SIA Matrix Overlay tool engaged to show the sector’s movement within the SIA Sector Report. This may be even more significant given that this breakout in relative strength coincides with a multi-year breakout on the point and figure chart beyond the 69,609 level, completing a spread triple top on the P&F chart through the summer of 2025. Since then, the chart has also completed another double top breakout, with resistance, based on a P&F vertical count from prior columns, extrapolating out to as far as 86,643 (+11.5%) from the current level. This places the current sector level pricing almost exactly midway between the original breakout and the extrapolated vertical count resistance level. Point and figure technical support is initially at the 3-box reversal level of 74,630, followed by 72,435, and the initial breakout level (now support) at 68,920. Given the breakout on the sector chart, we scanned the SIA Index Report for plain vanilla equities with potential exposure to this sector. Several names stood out: CBRE Group (CBRE), Jones Lang LaSalle (JLL), CoStar Group (CSGP), Granite REIT (GRT.UN.TO), and Colliers International Group (CIGI.TO) all had technically organized charts from a point and figure perspective. After reviewing each of these names, Colliers International was hard to ignore and is the focus of today’s review.
Colliers has strategically evolved beyond its roots in real estate services by expanding into engineering and project management to strengthen its position as a diversified professional services firm. Acquisitions such as Englobe in Canada and Terra Consulting in the United States contributed to an 18% year-over-year revenue increase in the second quarter of 2025, highlighting engineering as a core growth engine. The company believes this expansion will unlock cross-selling opportunities and deeper value across the asset lifecycle by integrating advisory, engineering, and project delivery with traditional real estate expertise. The point and figure chart of Colliers International Group (CIGI.TO) has also broken out of its multi-year resistance near the $200 level, specifically at $196.99 on the 2% P&F chart, which occurred in late 2024. Shares then retested back into the consolidation zone during the first half of 2025 but gained steam over the summer months, with the latest rally pushing to a new high, supported by sector strength. Resistance has been established using vertical and horizontal point and figure count methodologies, with prior columns extrapolated to levels at $265.12 and $298.57, near the psychological whole number of $300. Support, on the other hand, is initialized at the 3-box reversal level of $213.23, followed by one box below the multi-year breakout level at $193.13. All other readings are green: the sector is favored (green), the latest P&F signal is bullish (green), and the SIA SMAX score is a perfect 10/10.
Colliers International (CIGI.TO) has demonstrated strong relative performance across all recent timeframes when compared to both the TSX Composite and the S&P 500. Year-to-date, Colliers is up 16.71%, ahead of the TSX Composite at 14.99% and the S&P 500 at 10.55%. Over the past three months, Colliers gained 37.36%, compared to 8.19% for the TSX and 10.42% for the S&P. In the most recent one-month period, Colliers advanced 18.82%, while the TSX rose 3.76% and the S&P 500 increased 1.75%.
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