Ep. 100 — BC Condo Crisis, the Government Buyout Plan & Using Home Equity to Build Wealth in BC

BC real estate just hit a milestone that should stop every buyer, investor, and homeowner in their tracks — and so did The Real Deal Pod. Episode 100. Vancouver's BC condo market now has 4,376 finished, empty, unsold condos — a 76% jump in 12 months and the highest level since the mid-1990s. This week, the federal and provincial governments announced a $3.2 billion plan to buy more than 2,200 of those vacant BC condos and convert them to affordable housing. In Episode 100, Fraser Valley realtor Allister Carrington and BC mortgage broker Geoff Lee break down what that plan actually does, who it's designed to protect, and whether it will finally move the BC real estate market. Then Geoff walks through how BC homeowners with built-up equity can use it right now — without selling — to invest in BC rental properties, upgrade into a larger home, or build long-term wealth through smart leverage. What you'll learn: • Vancouver's BC condo oversupply crisis — 4,376 empty units, and why Burnaby and Richmond account for nearly half • The $3.2B government buyout plan — is it saving BC homebuyers or bailing out overleveraged BC developers? • Why a housing shortage and a housing surplus can exist in BC real estate at the same time • How BC homeowners can access home equity through refinancing and lines of credit — without selling • Real-world case study: $1M BC home, $500K mortgage, $300K equity put to work in BC investment property • Rental property vs. vacation property — what actually builds wealth in BC • Pre-sale risks in the BC market in 2026 and what BC investors need to understand • CMHC net worth data: own a BC home in your 30s ($440K) vs. rent ($44K) — and what that becomes by 65 • StatsCan Q1 2026: Canadian household net worth up 1.3% — BC housing still driving wealth 100 episodes. One message. Build your net worth. The best time to buy BC real estate is when you can. Hosted by Allister Carrington | BC Realtor, KIC Realty | www.AllisterCarrington.com Co-hosted by Geoff Lee | BC Mortgage Broker, GLM Mortgage Group | www.GLMmortgage.com