That distinction matters because rent stabilization is a specific legal status tied to particular buildings under particular rules elsewhere, not a general description of a regulated rental market. In Saskatchewan the protection a tenant has is procedural: proper notice, a defined minimum interval between increases, and access to a hearing through the Residential Tenancies dispute resolution process if a landlord does not follow the rules, rather than a ceiling on the rent itself.
For a landlord, this means your Saskatoon rental's rent is set by what the local market will actually bear, informed by comparable listings and by CMHC's underwriting guidelines if you plan to refinance, which generally cap housing costs at 39 percent of gross income on the mortgage side. It also means you carry the responsibility of following the Act's notice rules precisely, because an increase served incorrectly can be reversed even without any rent-control law to invoke.
Whether you are better off holding the property as a rental or selling it comes down to your own numbers, not a label borrowed from somewhere else. Get your hand-reviewed valuation from Joel Dyck.