Mike McFarlane, AACI, P.App., PLE, joined Newmark Valuation & Advisory in 2019 and currently serves as Senior Vice President in the Greater Toronto Area office. McFarlane brings his transparent and consultative approach to Newmark providing valuation services to a broad range of clients throughout the Province of Ontario. McFarlane is responsible for business development, preparation and overseeing appraisal reports. McFarlane also serves as the provincial practice leader for Valuation & Advisory’s Multifamily and Seniors Housing specialty practices.
Since beginning his career in valuation, McFarlane’s experience has evolved to encompass a diverse and thorough understanding of commercial real estate having served in both the private and public sectors.
Prior to Newmark, McFarlane served as Assessment and Valuations Manager within Infrastructure Ontario’s Real Estate Division. In this position, McFarlane oversaw valuation and assessment activities for a province wide portfolio under the management of IO. McFarlane was involved with various P3 projects, including courthouses, hospitals, government headquarters, Transit Oriented Developments, affordable housing, and complex land development projects. McFarlane identified opportunities to work in partnership with the private sector to bring solutions to the table for government and was also responsible for detecting provincially owned properties suitable for disposition or value enhancement opportunities.
Prior to IO, McFarlane served as a Senior Appraiser at a Greater Toronto Area appraisal firm, where he specialized in the valuation of large scale commercial and residential land development projects, multifamily assets and golf courses. Clients included Canada’s major financial institutions, real estate developers, private investors and all levels of government.
Professional Affiliations
- Appraisal Institute of Canada
- Association of Ontario Land Economists
- Ontario Expropriation Association
- Canadian Real Estate Association
- Real Estate Council of Ontario
Licenses and Designations
- AACI, Accredited Appraiser Canadian Institute
- PLE, Professional Land Economist
- Real Estate License
Education
McFarlane holds a Bachelor of Commerce degree in Finance and Real Estate from the University of Guelph and a Post-Graduate Certificate in Real Property Valuation from the University of British Columbia.