# 🎙️ Episode 84: Rates Are Flat, Condo Opportunity & The Mortgage Mistake Costing Canadians $19,000

Page: https://stenobird.com/podcast/the-real-deal-pod-allister-carrington-geoff-lee-s-pro-insights-in-real-estate-7022107/episode-84-rates-are-flat-condo-opportunity-the-mortgage-mistake-costing-canadians-19-000
Text version: https://stenobird.com/podcast/the-real-deal-pod-allister-carrington-geoff-lee-s-pro-insights-in-real-estate-7022107/episode-84-rates-are-flat-condo-opportunity-the-mortgage-mistake-costing-canadians-19-000.md
Podcast: [The Real Deal Pod: Allister Carrington & Geoff Lee’s Pro Insights in Real Estate](https://stenobird.com/podcast/the-real-deal-pod-allister-carrington-geoff-lee-s-pro-insights-in-real-estate-7022107)
Published: 2026-02-02T23:18:51+00:00
Episode link: https://allistercarrington.podbean.com/e/%f0%9f%8e%99%ef%b8%8f-episode-84-rates-are-flat-condo-opportunity-the-mortgage-mistake-costing-canadians-19000/
Audio file: https://mcdn.podbean.com/mf/web/kyynsednitnv32e3/Real_Deal_Pod_-_Ep_84_-_JAN308iasx.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-real-deal-pod-allister-carrington-geoff-lee-s-pro-insights-in-real-estate-7022107/episodes/episode-84-rates-are-flat-condo-opportunity-the-mortgage-mistake-costing-canadians-19-000
Duration seconds: 3167

## Resource

Interest rates are holding steady. Condo inventory is rising. And many Canadians are still making mortgage decisions that quietly cost them tens of thousands of dollars. In this episode of The Real Deal Pod, Allister Carrington and Geoff Lee break down what’s actually happening in the Canadian housing and mortgage markets—and how to navigate 2026 with clarity and confidence. We discuss why economists believe rates have likely bottomed out, what “flat rates” really mean for affordability, and why record levels of completed, unsold new homes are starting to shift leverage back toward buyers—especially in the condo market. The conversation then turns to Mortgage Mistake #3: The Options Myth. Most Canadians assume their bank is their best—or only—mortgage option. In reality, that belief can cost $15,000–$20,000+, even when the rate looks competitive. You’ll learn why Canadians actually have hundreds of legitimate mortgage options, why most mortgages are broken before maturity, and how penalty structures—not rates—often determine the true cost of a mortgage. We walk through a real-world example where the same mortgage costs $23,000 to break at a major bank versus $4,000 with a monoline lender. Same homeowner. Same mortgage. Very different outcome. This episode is about protecting your cash flow, understanding your options, and making smarter long-term decisions—whether you’re a first-time buyer, renewing soon, or simply planning your next move. 🎧 Follow & Subscribe to The Real Deal Pod Available on Spotify, Apple Podcasts, and YouTube 📞 Work With Us Allister Carrington – Realtor® | KIC Realty www.AllisterCarrington.com Geoff Lee – Mortgage Broker | GLM Mortgage Group www.GLMmortgage.com

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