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The other side of the boom: collateral effects of a changed Saskatoon real estate market

Posted on July 11, 2007 by Norm Fisher, Royal LePage Vidorra

Posted in Economy

While the Saskatoon real estate market “booms” and the net worth of Saskatoon property owners grows, something else is growing, and it’s not so pretty. It’s the growing gap between the rich and the poor.

In a front page story from today’s Star Phoenix titled, “Poverty in the Midst of Plenty,” Graham Andrews provides a compelling story about how this rapidly changing market is impacting those at the lower end of the earning spectrum. I’m talking about hard working people who bust their butts to earn $1,000 a month only to see their incomes gobbled up by increasing rents. As rents continue to climb, and wages remain stagnant or show little growth, there’s less money left for life’s little luxuries; like food for instance.

The Saskatoon Food Bank and Saskatoon’s Friendship Inn are both seeing a growing need for their services. Would it surprise you to learn that the number of seniors requiring assistance from the Saskatoon Food Bank has increased by more than 100% in recent months?

Are you pleased by your recent gains in the Saskatoon real estate market?Have you made a pile of money from your “real estate investments?” Perhaps you’re a local agent having the year of your career. Maybe you’ve recently sold your Saskatoon home for a price that leaves you feeling grateful. Why not give something back to the Saskatoon community?Why not send a cheque to one or both of these very worthy causes today?

The Saskatoon Food Bank

202 Avenue C South

Saskatoon, SKS7M 1N2

Friendship Inn

619 20^th Street West

Saskatoon, SKS7M 0X8

Norm Fisher

Royal LePage Saskatoon Real Estate

Norm Fisher, TeamFisher

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 750 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 750 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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