Aik Aliferis, the Senior Managing Director at Institutional Property Advisors Marcus and Millichap, is our guest on today’s show. His career started in Ottawa, but he now sees Canadian real estate holistically.
We get an inside look at what Aik is hearing from the biggest companies in Canadian real estate regarding the rapidly changing environment. Despite interest rate increases and inflation, Aik explains why the fundamentals of Canada are still very strong and attracting plenty of investment.
Topics covered include:
- Drivers behind larger deals happening in the market.
- Sentiment from the big players towards inflation, rising interest rates, and more.
- Why deals are being looked at more cautiously.
- Rental growth continuing throughout the pandemic.
- Why buyers with long time horizons are very confident.
- What it was like being approached by Marcus and Millichap to purchase his company.
- The growth that Marcus and Millichap has seen in Canada.
- Things that make the US real estate market different compared to Canada.
- The transformation of industrial space over the past couple of years.
- Concerns regarding office space, but also how it can be reinvented.
- The effects of expenses increasing.
- Why we may begin to see some transactions not go through.
- What Aik thinks we’ll see in the market in the next few months.
- Creative financing being more common due to demand.
More about our guest…..
Aik Aliferis is Senior Managing Director, Investments and Senior Director of Institutional Property Advisors for Marcus & Millichap. Aik is the former CEO and one of the founding partners of Primecorp Commercial Realty, with over 30 years of experience. Aik has developed a reputation for commitment and an ability to execute and consummate even the most complicated transactions. Aik has earned the respect of the industry and has become one of the most influential multi-family and commercial investment brokers in Canada.
His clients include some of the largest institutional and private investors in Canada and abroad. Aik has sold over $6.0 billion in assets and has been instrumental in creating one of Canada’s premier real estate advisory groups. Aik’s personal commitment to the industry continues, he has been a Chairman/Speaker at many of Canada’s conferences. Aik has led some of Canada’s largest investment sales and continues to demonstrate his dominance in the multi-family and commercial sectors.
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