Ep. 110 — Condo vs Townhouse vs Detached in BC, the CMHC Affordability Report & Why Now Is the Time

CMHC says Canada needs 4.7 million new homes to restore affordability and is only on track to build half that. So is BC real estate still unaffordable? In Episode 110 of The Real Deal Pod, Fraser Valley realtor Allister Carrington and BC mortgage broker Geoff Lee explain what that report actually means — and why BC is already in one of the most affordable markets in years, right now, today.   Then Geoff breaks down the question every BC buyer is really asking: condo, townhouse, or detached — which is right for your life in 5–10 years? Not just for your budget today.   What you'll learn: What the CMHC 4.7 million homes report actually means — and why it's a future warning, not today's reality Why BC is already in an affordable market: Abbotsford condos at $320K, ownership often cheaper than renting Condo total correction projected at 8.8% by year-end — and why recovery is expected from mid-2027 into 2028 Why RBC has called the BC market bottom 8 times — and what that tells you about trying to time BC real estate Condo vs townhouse vs detached in BC: the pros, cons, and who each is right for Why the BC townhouse market has been the most consistent segment in the Fraser Valley The missing middle: why townhomes are now attracting investors and first-time families alike How the BC property ladder actually works — condo to townhouse to detached Why buying at three-quarters of the way down beats trying to time the absolute bottom Geoff's personal story: bought his house in 1995, sold in 2021 for $1.4M more than he paid Hosted by Allister Carrington | BC Realtor, KIC Realty Inc | www.AllisterCarrington.com Co-hosted by Geoff Lee | BC Mortgage Broker, GLM Mortgage Group | www.GLMmortgage.com