Lauralea and I went for a walk last night through our community and again we wondered at the number of houses going up for sale in our area. Each day brings a new yard with a For Sale sign in it.
We've checked some of these houses online and the mad prices they are asking for their homes are ridiculous. It's like a new gold rush hitting town.
House prices have more than doubled than they were just a few short years ago, and it seems like people are speculating, seeing if they can get big bucks for their houses.
It just seems crazy. What is the value of some wood and land? Especially here in Northern Saskatchewan.
A gold rush never helps the local community it happens in. Speculators with big money come in and buy up cheap homes and hang on to them just long enough to get some money out of them, then they sell and take their cash and leave town. It's already happening here.
The results are that young couples are unable to purchase homes to live in, and one income families find it difficult to live.
This kind of gold rush isn't always really gold.