Ep. 106 — 7 Things NOT to Do After BC Mortgage Approval & the Cowichan Land Title Ruling One Year Later

Your BC mortgage is approved and your subjects are removed — but the deal isn't done until the completion date. In Episode 106 of The Real Deal Pod, Fraser Valley realtor Allister Carrington and BC mortgage broker Geoff Lee cover the 7 things BC homebuyers must not do between mortgage approval and closing, and follow up on the Cowichan land title ruling — one year on — with new polling that reveals what it has done to public trust in BC's fee simple property ownership system.   The BC mortgage pre-closing mistakes covered in this episode affect buyers at every price point: from first-time buyers in the Fraser Valley to move-up buyers across Metro Vancouver. Lenders have the right to perform an internal audit before completion. If your financial position has changed from the day your BC mortgage was approved, the deal can collapse — even after subjects are removed and everything feels certain.   What you'll learn: • Why "BC mortgage approved" does not mean "done" — and when the real risk window closes • The 7 things that can collapse a firm and binding BC real estate purchase before closing • Why financing a car, furniture, or anything on credit between approval and completion is dangerous • How $600/month in new payments removes $100,000 of borrowing power — and how $14,000 on a card does the same • What happens when a BC buyer changes jobs, goes commission, or becomes self-employed after approval • Why shuffling your down payment between accounts creates a documentation nightmare • Gifted down payments from overseas — what BC lenders require and when it has to be in a Canadian account • The Cowichan land title ruling one year later — what new BC polling reveals about public trust in fee simple ownership • Why the ruling was about public land, not private homes — and why that message has failed to reach BC property owners • How media framing and algorithm-driven content is shaping what BC homeowners believe about their property rights • The rule that protects every BC homebuyer: keep it boring until the day after completion   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