 鲜花( 0)  鸡蛋( 0)
|
Thu, April 12, 2007
0 ^% {' v+ ^3 g" U$ F. [6 U4 ^5 x6 j$ G' l4 R( e
Calgary ranks sixth as most expensive downtown housing
/ Y1 \ i4 j4 d2 }# V. oUPDATED: 2007-04-12 16:38:42 MST
4 a& {% F0 m! J; i6 e. Q; `- C) R, B
& y: p6 h$ T2 p2 L! H5 o2 i# e/ kBy NADIA MOHARIB, SUN MEDIA
( T# A/ k2 |. W% Z- O
! Z1 X' \* F4 g/ b0 G' S4 k
0 u: p. I5 Y- p6 V0 ?More and more Calgarians are buying downtown homes but paying top price for the prime location.
6 l2 l& W! y0 P! y6 v" E. F; W0 R1 t( ^0 }( K R4 I" B
People who live in downtown business districts in Canada’s largest cities generally pay less per-square foot than people in cities around the world and enjoy shorter daily commutes to work, according to a recent survey done on first-time home buyers by CENTURY 21.
1 N+ [+ P; }* |
3 F" V. R8 y* f7 ECalgary ranks sixth most expensive of 31 cities surveyed around the world.
+ y+ y; Y2 p+ @0 M+ J& }% C/ ~; r
The cost to buy in Calgary’s downtown is even more than settling in Toronto’s core which ranked 16th in the survey with the average cost running $209 per sq. ft.
5 t0 b- s% Y% ~5 E& t$ J% g4 u/ q M6 g5 i& f- f
George Bamber, owner of a Calgary-based Century 21 said it’s a sign of a city maturing and becoming more like Vancouver or Toronto where downtown is a place where people live and work.“You just get more real estate for your money outside of downtown,” he said.
6 a9 V7 q# d% K* x3 h* Q% Y$ \
8 j& G! n( {$ N6 a8 Z“To live downtown people pay for it.”
) _' T2 X7 }9 Y/ }# f, L6 q
; z: C' z/ ]% ]8 w ^: |. U! d) U! EA condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500.
& B7 a$ E3 H: t, S/ r( F& ~2 I6 N" {; @# K$ S1 W) E
/ h, z+ k, [$ Y: s
Still Bamber said the interest in downtown living only seems to be getting more popular — a sign Calgary is “getting to be more like a big city.”
; m% R H( i5 K) e7 @1 n* I+ k% R3 ?- e
Part of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said. ' Z- i% t" K- b% [8 K! ]
# H" _. }) J; e“People want to be close to restaurants and bars and don’t want to drive an hour to work,” he said.
6 [) E! G( ~& B7 c, |- j+ v) |# O+ @& E0 i* c- W, Z$ o# i s6 [
He said 30 % of the housing market is condos - the bulk of which are in downtown. , m3 i# v. ]: h8 X( `2 D
- x' M4 d8 C! p
The survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322. 6 j E$ F2 `0 Y' T5 U
7 o8 R" A+ l2 [) F# n& R
In Calgary, a typical first-time buyer would choose a one-bedroom, one-bath 500-sq. ft. apartment in Mission or Connaught priced at about $250,000 and a 10-minute drive or 20-minute walk to the downtown business core and the Calgary Tower. ; i7 a* |9 j4 U& C3 X2 s& i0 S( y* b; b
; R9 W. y# Q; B5 j$ n* w nWhile those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings. & F- j+ k9 C4 _. F$ y- P8 g6 ]) C
% {7 b8 c9 ~+ U0 QA 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance.
1 ?0 j% C/ |) `3 i
& R" h% x T1 A' U* X5 @5 ~. aFAST FAX 1 p) s: ]2 Z; d
5 g6 ?; |8 C7 b' Y1 G; s
- St. John’s and Quebec City had the lowest and second-lowest per-square-foot downtown prices of all 31 cities surveyed, at $55 and $93 respectively.— The two lowest per-square-foot prices for international cities were Istanbul, Turkey and Sydney, Australia, at $94 and $105 respectively.
0 J* R6 ]( I9 Z& }' G( x3 A) o5 A: ]. b: K5 W/ {
— Vancouver was fourth most expensive at $577 per square foot while Calgary was sixth most expensive at $500 and Edmonton was 10th most expensive at $322 — Globally Paris was the most expensive at $1,051 per square foot while London was fifth most expensive at $532 and New York was eighth most expensive at $375 The 10 least expensive downtown housing markets as ranked per-square-foot for first-time buyers are; St. John’s $55 Quebec City $93 Istanbul $94 Halifax $97 Charlottetown $104 Sydney, Australia $105 Bogota $114 Mexico City $119
/ C9 H5 m8 i! S1 h, f# {: C% X9 ?( u [" n8 b5 s, e+ A- t
The 10 most expensive downtown housing markets; Paris $1051 Moscow $688 Seol $630 Vancouver $577 London, England $532 Calgary $500 Athens $375 New York City $375 Tokyo, $325 Edmonton $322. |
|