It is frustrating to see house prices going up so rapidly, while wages are staying the same. I can relate to this, and think prices are getting out of control. People have to work 2 jobs to pay the bills. The so called boom is actually lowering the quality of life. It's the same old story,...................the rich get richer and the poor get poorer.
The local and provincial gov't need to do something to increase condo supply. There is way too much demand out there.
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Originally Posted by drm310
I just drove by the old RCMP building on 8th Street. The scaffold and plastic is down, and it looks like the stucco on the new façade is well on its way to being finished.
On a completely different note, I am reminded that Saskatoon's boom is not benefitting everyone. Today on 8th Street, I was approached by a panhandler and saw someone rummaging through garbage. Not that I haven't seen this on the east side before, but it's become more visible to me. I've also read local real estate blogs where some people have given up hope of ever buying a house, because their wages haven't kept pace with housing prices. I am excited by all the development in our city, but it's tempered with the knowledge that some people will actually be worse off for it.
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