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In this episode of The Advisory Table, Michael sits down with Ira Markus, Senior Vice President and Head of Canadian Equity at Peakhill Capital, to talk through market realities today and Ira’s expectations for where capital and development are headed in 2026. Over the course of the episode, Ira shares his perspective on how alternative investment strategies are reshaping capital deployment across Canada. The discussion explores how developers and investors are adapting to a market defined by tighter liquidity, changing risk profiles, and fewer traditional deal structures. As well as tackling the question on everyone’s minds, what’s to come in 2026? What’s on the Agenda? • How alternative investment strategies are changing capital deployment in today’s market. • The growing gap between established developers and newer builders, and how experience and past projects are playing a role in the ability to raise new capital. • Why investor psychology may matter more than interest rates in determining capital deployment. • What the next 12 to 24 months could mean for Canadian real estate development.