 鲜花( 0)  鸡蛋( 0)
|
Thu, April 12, 2007
4 S6 i0 m. `# d% a9 k
9 m- P K, H9 VCalgary ranks sixth as most expensive downtown housing( u6 L& o$ H* U7 z
UPDATED: 2007-04-12 16:38:42 MST$ K/ V; S* k( @2 j, f
" W o4 j; h1 I: w' a; O# S" p1 q! G0 U9 I; T% P$ [: p% E
By NADIA MOHARIB, SUN MEDIA
, t: q: C& A. i3 A8 ?* z; R' P$ Y: R6 M' m) o
5 }7 [+ t/ ~6 |* D0 w4 p
More and more Calgarians are buying downtown homes but paying top price for the prime location.
4 E- L! _0 l0 O5 V v' t9 T
1 { m- e7 Z2 b+ n/ J, l# UPeople 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. O5 ? d& g$ s o
6 w; }$ d; I6 L1 {$ GCalgary ranks sixth most expensive of 31 cities surveyed around the world. + Q' H& T; w( u% Y+ ~' E
0 |3 S( Y; [8 @6 _- |5 E" _$ zThe 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. & z' n" E9 {. D' T! z# |6 f
$ @( V5 h: F' X2 B i+ LGeorge 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.
$ n5 \2 B1 Q5 C
2 h/ V, |+ p) u+ W“To live downtown people pay for it.”
8 b" c/ L7 ]- H
' n7 C* u1 F/ MA condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500.
J$ b, @9 c& o
5 v! n3 e& r" O$ j5 N& `+ }
! |) |( u2 |% Q% q. @! n% W3 ?+ aStill 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.”
# S) j' h+ \8 `8 ^- e) T! h" E4 {! O
Part of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said. ) `& K" N5 b8 E
5 q4 B5 S( {2 \+ B/ d: b
“People want to be close to restaurants and bars and don’t want to drive an hour to work,” he said.
% \$ S9 H5 w7 }3 w& e3 ^# ^2 w) b7 {$ V5 @5 U5 u9 J
He said 30 % of the housing market is condos - the bulk of which are in downtown. 4 T6 g) h: ]. y" ~
5 @6 g8 E4 Y, S5 p& pThe survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322. * R' d4 b) u8 O9 D
: j0 v5 Q1 y6 bIn Calgary, a typical first-time buyer would choose a one-bedroom, one-bath 500-sq. ft. apartment in Mission or Connaught priced at about $250,000 and a 10-minute drive or 20-minute walk to the downtown business core and the Calgary Tower.
( ^$ n0 e1 h1 Q1 [& n/ A1 d+ ]( U4 D+ ~4 s8 ~8 v* a3 z
While those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings. " ^4 ~7 k4 D' N! |
! X0 i* u7 S( v# ]A 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance.
3 C" `) V) H% q9 h6 R% u
6 R T5 S5 v% DFAST FAX
% V/ B3 Z# n( N' b# b3 ~* h% `4 M# c8 E
- 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.
. w2 `' Q* B2 v s/ B/ `; D2 i. \9 h5 [% {0 O
— 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
& R7 ?' x% d. S* ^# B5 t" B# H# R9 l a, o* G8 z6 A
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. |
|