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NDP calls for “freeze” on Saskatoon condo conversions

Justice Minister Frank Quennell told reporters at a press conference yesterday that the “issue of decreasing rent supply…is an emergency. By the time you realize that it’s a crisis and that you’ve significantly decreased the rental supply because of all of the rental accommodation that’s been taken off them market, there really isn’t a remedy for that – and that’s why we’re encouraging the city (of Saskatoon) to use the powers that they have to correct an emergency situation while we look at everything.” Quennell pointed to “condo conversions” as at least partly to blame for the low supply of rental properties available in Saskatoon and recommended that our local government “freeze” conversions for the time being.


Mayor Don Atchison disagrees that a condo freeze is the answer and points out that condo conversions have affected less than one percent of Saskatoon apartments.Atchison expressed concerns about potential lawsuits which could result from a moratorium, and also the potential for creating a disincentive for developers who might otherwise consider building Saskatoon apartments.


Quennell suggested that rent control, higher supplements for people on assistance and even new legislation are all possible actions which are “on the table for discussion.”


Read the Star Phoenix coverage here

Read John Gormley’s “Housing latest political football” here


You may recall that in April Premier Lorne Calvert stepped forward to “take the credit” for the housing boom which ultimately led to this “crisis.” It will indeed be interesting to see if the NDP government can find their way out of this mess prior to the provincial election next spring.



See a Google map displaying the boundaries of Saskatoon real estate “areas” here Data collection and calculation for our statistical reports 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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