Fool me once, shame on you. Fool me twice, move to Saskatchewan

It’s safe to say that Saskatchewan was not ready for the housing boom that started a few years ago. Within the span of months, the provincial real estate market heated up as hordes of property speculators came in and bought up what seemed like bargain real estate prices compared to elsewhere. Of course, nearly all of these speculators were former Saskatchewaners themselves, people who had left the province in earlier decades to make small fortunes in Alberta and BC. It felt like in a Poltergeist movie when they all started coming home. “They’re baaaaaack!”

I remember how housing prices went up 60% in one year alone. My house went up in value by nearly $100,000. I said it then and I say it now: it made sense as people were paying more to live in the same place with no other discernible benefits. I still can’t decide whether the stranger thing at the time was the fact that prices could go up in SK or that people were voluntarily moving to the province.

This brings me to the topic of this post: rent controls. You see, the effect of the real estate boom on rental properties was particularly felt. All of a sudden, rental homes began to be converted and sold. Then with no new rental suites being constructed, the city began experiencing low single digit rental vacancies.

Saskatchewan has no rent controls. So what happened next could have been predicted. Owners began to jack up rent prices to take advantage of high demand or as a way to evict renters in hopes of selling. I knew people who faced hundreds of dollars in rent increases in one month. And where was the NDP govt on this issue?

Nowhere.

To make things worse, no-one in the province seemed to care enough to force and change. The result? A lot of people found out what it’s like to live in a garage.

I find it particularly rich that, now in opposition, the SK NDP is calling on the govt to do what they did not in all those years in power: install rent controls.

http://www.leaderpost.com/business/Saskatchewan+calling+provincial+government+impose+rent+control/2713906/story.html

But according to the story, a change is not on the radar for government. And here is the rationale for not doing anything:

Social Services Minister Donna Harpauer stated:

"Because what happens — and studies have shown — where rent controls have been implemented fewer developers will build multi-door units, as well as the landlords will not necessarily maintain the units they have, using the excuse that they don't have enough revenue from those units," Harpauer told reporters.

Apparently, Ms. Harpauer has no idea what has been taking place in the hottest real estate markets in Canada. Both BC and Ontario have had rent controls for years. And have they inhibited new development or resulted in dilapidation? No! Vancouver and Toronto remain the most expensive places to live in Canada. Rack up another giant DUH for SK.

One Bad Party

Note: A commentator on this site pointed me towards this story featuring good ol’ Saskatchewan. It’s a bit late coming but, by popular demand….

Where were you when the planes hit the Twin Towers on 9/11? I bet it wasn’t partying down at a pig roast…. that is, unless you live in Martensville, Saskatchewan.

Saskatoon Star Phoenix - Sask. Party burned by 9/11 image

FULL STORY

The story is this: someone in the Sask Party constituency association for Martensville released a poster for a fundraiser featuring an image of the 9/11 World Trade Center exploding just as the second plane hit it. The kicker was that–get ready for it—the event was a pig roast for a firefighter who survived the attacks.

I know Saskatchewan is a long way from New York and Afghanistan but the stupidity of this defies logic. They might as well have used the slogan “We’ll have a real knock-em down good time,” or “Get fired up with us,” or “Come go hog-wild at this barn-burner.” And the people at the Star Phoenix are no better by going with the headline “Sask. Party burned by 9/11 image.” Once again, I am reminded why the Star Phoenix is the Daniel Baldwin of the Canwest media empire family: thin on talent and not-so pretty to look at.

Personally, I don’t think any image of 9/11 is suitable for any advertising (unless you are trying to sell air mile Visa cards to Al-Qaeda) but this is Saskatchewan after all. Martensville for that matter –which essentially is a suburb of Saskatoon that provides absolutely nothing memorable to see or stop at as you drive your Sunfire north to Waskesu. Well Martensville, you’re officially on the map now! This means that they will now have to put up a giant roadside attraction. Let’s hope they learned a lesson and it has nothing to do with 9/11.