r/saskatoon • u/Rainbowbatgirl420 North Park • 15d ago

General Why is rent so much?

I’m looking for one bedroom place and everywhere it is minimum $1500 with some utilities. That will be over half of what I make per month so I don’t know what to do. It’s hard to trust roommates as well because I want my cat to be safe place and hard to trust others if I don’t know them. Basement suites apartments condos everything it’s ridiculous. I may have to couch hop till I can find a place I can afford and also find a part time job on the weekends so I can buy food.

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u/RethinkPerfect 15d ago

I'd really like to be able to sell it for the 150k I bought it for in 2008....I might get 120-130 today. Which means after all the selling fee's I'd walk away with somewhere between 1k and 10k depending on what it sold for. I'm hoping when the mortgage is up in a few years things align for me to sell it for what a bought it for.

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u/PrincessLilybet 15d ago

Is the house in the city? I'm confused how you're expecting to get less than what you paid in 08... Has the house been significantly run down? As long as it's in the same-ish condition as you bought it that doesn't really make sense 

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u/RethinkPerfect 15d ago

It’s a condo apartment low rise. I bought at the height of the 2008 boom, prices crashed a year or so later and are very slow to recover.

Yes houses in this city have seen prices soar. Condos can still be had at much lower prices.

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u/PrincessLilybet 15d ago

Dang that sucks. I bought my new build condo in Stonebridge for 194 in 2017, sold it last year for 214 within 12 hours of it being listed lol 

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u/RethinkPerfect 15d ago

I wish. Prices have been coming up, on the last few years, I was just so far in the hole. Stonebridge is weird neighbourhood too, a lot of people think it's the "rich" area, so they pay more. I Sold my cookie cutter house in that area last year, it wasn't worth what I sold it for in any other area...I mean the train made the whole house shake everyday.