The mechanism worth understanding instead is how local rules affect an investment property’s value. A property marketed on the assumption of unrestricted short-term rental income needs its actual permitted use checked against City of Saskatoon rules before that income gets built into a purchase price, since the Saskatoon benchmark of $444,700 assumes ordinary residential use.
A $400 to $600 home inspection tells you the physical condition of a property, but it will not tell you whether the zoning and licensing support the rental strategy you have in mind, and those two things need to line up before you buy for that reason.
Joel Dyck reviews what a property can actually support before a buyer prices in rental income that may not be permitted. Get your hand-reviewed valuation from Joel Dyck.