According to the Saskatchewan REALTORS Association, Saskatoon's benchmark price has moved up over time, and even modest annual appreciation compounds meaningfully across a decade because it applies to a rising balance each year, not the original price alone.
A renter avoids maintenance costs and a down payment, which helps cash flow today, but does not participate in any price growth or in the forced saving that comes from a mortgage payment shrinking a loan balance every month. Over 10 years those two effects are usually larger than people expect when they compare a single month's rent to a single month's mortgage payment.
Get your hand-reviewed valuation from Joel Dyck.