 鲜花( 0)  鸡蛋( 0)
|
Thu, April 12, 2007
, B5 M2 R6 r0 k. n8 K
% o1 f; C( v1 L$ e; ]Calgary ranks sixth as most expensive downtown housing0 P: \6 a3 v- y
UPDATED: 2007-04-12 16:38:42 MST
/ y0 F2 {6 ^- r+ {. `0 m, ~) A3 X; h4 W5 i
5 U2 E- L, N$ k( a% F
By NADIA MOHARIB, SUN MEDIA0 a5 ?1 B- M4 o8 z
# X( g/ Z/ s! r; k' X1 V4 d# \; N
( O: G% ~2 E$ [; Q3 K6 |More and more Calgarians are buying downtown homes but paying top price for the prime location.
( [( ^7 ` t3 v2 F, T
0 Q; C+ s2 |5 j- \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.
0 t" d N" O Z0 ^& Y' R" T1 K+ s B0 d
Calgary ranks sixth most expensive of 31 cities surveyed around the world. " }! B( _: h; |
& ?; ]7 W% R% ^& a2 F& |9 P: cThe 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 $209 per sq. ft.
5 [/ h% O" E! l" V2 u/ l7 X S$ k
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.
" r# D' J( m& q4 T$ ^+ z- t, r" p8 Q7 W+ h$ x: }
“To live downtown people pay for it.”
9 i# L3 J: V( Q8 k. v& H3 c
1 @: n" ~8 c$ _6 |' |( MA condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500.
6 G7 \/ C; D2 n( T9 B1 T. _
0 \0 I+ p+ P9 I, l# z! \, m# U& w
1 C1 B4 \; P6 v: iStill Bamber said the interest in downtown living only seems to be getting more popular — a sign Calgary is “getting to be more like a big city.” # O% r% R8 s' T9 g1 X
3 R; ]' l; C9 x# |! j# J" qPart of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said. # c! y$ [( l& m9 }9 O
2 k3 s# ~" ^1 [( \8 p
“People want to be close to restaurants and bars and don’t want to drive an hour to work,” he said. + w# e: f8 o$ Q* }+ D
% Y% O0 W4 h" X7 u7 C0 I9 F8 T8 c+ z
He said 30 % of the housing market is condos - the bulk of which are in downtown. - I" m3 o3 l' y. e: K* h* A3 m
: M( j/ L S |8 |: p8 x
The survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322. 8 u6 f- S; ` h) I
; z* _1 \/ j& h9 o, A! ?
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. 2 H) h% B- d! i3 g" H
* P' q% |. d0 c2 l2 i) V# q6 h( [
While those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings.
' [) c+ r- U1 a6 v! y4 a) H0 k/ d+ }9 o5 |
A 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance.
6 |, E) r% r ~+ \, X' E! t% S$ x% L! g3 q! X- S f* K
FAST FAX ' T2 A# C4 N* T. l
# {' P& x E9 |% {- 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. % d) F2 f% [5 M2 ^, u) {2 l' [& Q# b
$ x0 j7 M5 A# N. y" B/ W- L% u
— 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 # Z1 o1 |8 d, w. U
. J4 q. z: u n( A, e& uThe 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. |
|