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Milroy Apartments in Saskatoon will become condos

Anger was the dominant emotion at Monday’s city council meeting when the application by Viking Developments to convert Saskatoon’s Milroy Apartments to condos was approved.


Current bylaws require conversion applications which affect more than 100 units be approved by council who have the discretion to deny them if vacancy rates in the area are sufficiently low that tenants may have difficulty finding alternative accommodations. According to CMHC’s recently released “Rental Market Report,” apartment vacancy rates in the immediate vicinity of the Milroy have dropped to 1%, and as low as .6% across the city of Saskatoon.


The Milroy Apartments consist of 156 living units. Viking has promised to retain 40 of the units as rental properties which will be offered to long-term tenants at “market rents.” Like most promises, there is no legal obligation to deliver.


Of course, the fly in the ointment here is the tenants who will be impacted, “many of whom are over 70 years of age and coping with limited mobility and health issues,” according to the Saskatoon Star Phoenix.


In the past, I’ve taken the position that the market should be allowed to work and I appreciate the complexity of the decision that council was faced with. That said, I can’t imagine a worse time to force at least 116 tenants, many of them elderly, to find a new home. We could have justified putting this one off until rental conditions improve.


Perhaps “the market” will grow a conscience and bite Viking in the ass!


Read also: Star Phoenix - Milroy conversion gets OK from city council

Read also: Gerry Klein of the Star Phoenix – Few options for city renters

Read also: CMHC Rental Market Report for 2007, Saskatoon


I’m always happy to answer your Saskatoon real estate questions. 


All of my contact info is here. Please feel free to call or email.

Norm Fisher Royal LePage Vidorra

Norm Fisher, Author of the TeamFisher Saskatoon Real Estate Blog

About Norm

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.Less...

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.

Norm is known for his passion for technology and can most often be found exploring and experimenting with the next big thing in real estate marketing. He was the first Saskatoon real estate agent to promote a home online and has been an early adopter of new technologies ever since. “Everything about this business has changed over the past 20 years, and it will happen again in the next ten. An open mind and a curious attitude are all that’s needed to continue to find new ways to serve our clients by delivering a faster, smoother, worry-free transaction,” says Norm.

In his spare time, Norm enjoys Crossfit and cycling, some years accumulating over 2,000 kilometres on the road. He’s a strong supporter of the Royal LePage Shelter Foundation and enjoys raising funds by joining fun, fitness-related initiatives like the Grouse Grind for Shelter. In 2015, he trekked the Peruvian Andes to Machu Picchu. In 2017 he walked the southern highlands of Iceland across mountains, sand, snow, ice, lava fields and forest for seven days. Collectively those initiatives raised over a million dollars for Canadian women's shelters.
 

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