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For more than a dozen years, Bob Rennie, Vancouver’s real estate guru, has annually taken the temperature of the city’s housing market and offered a numbers-numbing report to the Urban Development Institute.

This year he’s calling quits to his annual UDI updates, but not before he delivered a bare-all speech Thursday as Vancouver continues to wither under white hot sales that have made “housing affordability” two empty words. (He’s not getting out of the real estate business, just his annual updates to UDI.)

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Under his mantra of “it’s seriously time to change the narrative,” here’s five things Rennie said at the lunch.

1. Forget thinking homes in Vancouver can be affordable any more. Last year only 26 houses sold in Vancouver went for under $750,000, compared to 10,325 in Metro Vancouver. This year, 26 homes in East Vancouver sold for under $1 million, and only three on the west side sold for under $1.7 million. “The City of Vancouver should get out of the affordable ownership business.”