The one-town lesser races that are now spawning on the map at creation count towards the victory condition conquest.
At no point is it reasonable that these towns will conquer a player that has already achieved that victory condition. They are utterly doomed to be destroyed or conquered. Moreover, they represent no active AI and no player, which makes their doom a chore to pursue.
I suggest that the victory condition conquest counts only real AI or human players, and disregard lesser races.