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Thu, April 12, 20071 @6 } g7 ]" S. N: w- m' Z* z. y
4 G, \8 u L% z- N# X8 \Calgary ranks sixth as most expensive downtown housing
0 w! V# h; e# E) Q4 MUPDATED: 2007-04-12 16:38:42 MST+ n# c) f: x4 w8 @' ^2 n; F/ T X
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By NADIA MOHARIB, SUN MEDIA
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More and more Calgarians are buying downtown homes but paying top price for the prime location.
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+ J" q0 u" @ tPeople 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 [* N9 a6 M, S6 Z8 D/ [, K4 k) [
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Calgary ranks sixth most expensive of 31 cities surveyed around the world. 7 c: U* d, e1 k5 `) I9 `7 T8 b
& j; |' k2 s9 w. @: SThe 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.
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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. ! j/ m# y8 L( |. q: k P
$ o% N+ F& v# N+ I“To live downtown people pay for it.” 5 @$ Y4 \7 N1 L. c; P2 ]) r; D6 d
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A condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500.
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Still Bamber said the interest in downtown living only seems to be getting more popular — a sign Calgary is “getting to be more like a big city.”
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$ o/ ], z# I+ F: @Part of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said.
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“People want to be close to restaurants and bars and don’t want to drive an hour to work,” he said. 2 J/ n+ F* l6 @5 ]; P& @
" C B2 C: i& t$ F- l4 t! B1 wHe said 30 % of the housing market is condos - the bulk of which are in downtown. 9 A& A$ L, s2 Z( E
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The survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322.
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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 $250,000 and a 10-minute drive or 20-minute walk to the downtown business core and the Calgary Tower.
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9 G, r4 _: x$ ]9 gWhile those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings.
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! F7 B6 [, D3 P' | E$ }A 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance.
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% [, }! t$ G" \ {- 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.
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— 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
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3 ^! e& O9 l/ w% w3 gThe 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. |
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发表于 2007-4-13 07:37
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