Earlier this week, the Real Estate Board of Greater Vancouver reported that the benchmark price of a home in Metro Vancouver has slipped below the $1 million mark. But how do price declines differ between different areas within the region, and between different property types. And what does this truly mean for affordability?

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In the meantime, Millennials are having to get creative to find ways to afford a home in what is still an extremely expensive city. A recent report from the Real Estate Investment Network has some ideas about how developers and landlords need to embrace changing housing needs of the younger generation.

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Glacier Media Real Estate’s editorial director Joannah Connolly appeared July 5 in her monthly guest slot on City TV’s BT Vancouver morning news show to discuss the latest market stats and Millennial housing hacks. Check out her summary in the video below.

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