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When he listed his upscale Willowgrove condominium for sale last month, Chuck Edwards knew it might take awhile to sell — and that he would almost certainly lose money when it did.

Edwards, an engineer in the mining sector, bought the condo two years ago but now wants to sell in order to buy a “cute” older house with a garden, which he misses having.

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The two-bedroom unit is currently listed for $295,000, but Edwards — who said he has received one offer to date — expects it to sell for less than that, likely between $280,000 and $290,000.

“The fact that I will almost certainly get less for it than I paid is disappointing, but it’s not going to materially affect me. But if I were 30 or 35 and had a growing family, it might be a real problem,” he said.

Edwards is one of thousands of people in Saskatoon who listed homes for sale last year amid what has been described as a persistent buyer’s market, which has been in place for around four years.