Potash output to be cut back.

Sandra got her stats wrong. Its 5 mil per year. 10 million over two years.

They are trimming 5 million off their 367million operating budget. That is 1.3%. I heard they were just holding off on hiring some new staff but mainly delaying some maintenance and capital expenditures. I doubt that will be felt too strong (if at all). The operating budget in 2001 was 215.5 million and in 2006 298 million.

A far cry from 367 million or the now reduced 361.

Who where when why? Potash Corp had some lay offs. Who else? I have heard of lots of hiring and staff shortages and some stagnation. But very few lay offs. Please bring me up to speed on who is dropping jobs.

The stuff I looked at in the Terrace was no pent house for $400,000.
For now it’s either rent or move to Alberta.
To me, the pent house going down in price doesn’t mean it’s a good deal, just that prices are out of whack and on the way down.

I ended up around 400,000 to find a nice, new, or updated, 2 bedroom condo with underground parking downtown. These same condos were less than 1/2 that price new. To me that isn’t justified. Especially when I can buy a similar sized condo, with underground parking, near rivers and lakes elsewhere in Canada for cheaper.

Buying a condo that doubled in price in a couple years, when there are a lot of big lay offs in Saskatoon just doesn’t make sense to me.

Here’s the one I was thinking of. Priced at $409,900, it’s on the 22nd floor and has an upgraded kitchen, and wood/ceramic floors. Condo fees are $478 but include all utilities.

The previous high sale price for a Saskatoon condo sale is $790K so they’ll be bustin’ some old records in a big way if they manage to crank one off at 1.1 million. I’m going to bet that it will be a pretty special home, done up quite nicely. The KG looks to be coming together nicely and I think it will be top-notch, for sure.

For around $400K you would have to settle for the fully renovated, 1700 square foot condo at the Terrace which occupies the entire south-east corner offering panoramic river views. This might not seem like a reasonable place to start for everyone, but hey, life ain’t a cake walk.

I shouldn’t have assumed some readers would understand we are not comparing average house prices in Ethiopia, what I should have said is “some of the richest and poorest people of any developed democratic nation” and by that I mean a very LARGE gap between the very rich and very poor.

Obviously we are not comparing home prices in communist Cuba or China either.

Thank you for pointing out my error.

Jr,
at 400,000 you can buy something pretty decent downtown and there is no property tax for 4 or 5 years, which would run about at least 300 a month. The problem with downtown is that the night life is not what I would consider big city, there is no big draw, like an arena or casino. But maybe for some that is a good thing.

My jaw dropped when I read that, at the sheer audacity and bald faced (self) deception involved in that statement. Have you ever travelled to India? China? Sierra Leone? Brazil? I am fortunate to have seen some of these places, and had friends who have lived and worked in others and told me their stories. We are on this blog with some of us discussing whether housing should stabilize at $300k or $260k or $200k … and others saying that $400k is ‘reasonable’ for accommodations… while the a huge percentage of people in those places live on $1000 per year for an entire family and consider themselves lucky to have it.

The poorest strata of people in North America still has access to more food, shelter, and material goods than 80% of the rest of the world’s population. If you truly think that the USA has ‘some of the poorest people in the world’ then there really is very little else to say.

(Sorry, Norm. I know this is off-topic. If it needs to go then I understand and accept, but I could not let such blatant mistruths stand unopposed.)

You’ve gone so far over the top that your comment cannot be taken seriously by any “reasonable” person. If a $400,000 downtown condo is your idea of “reasonable accommodation” for a new graduate then, in all likelihood, you have a lifetime of disappointments ahead of you, unless your mommy and daddy are loaded.