Edmonton ranks 10th as most expensive downtown housing in the world!!

smalltown

Thu, April 12, 2007
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Calgary ranks sixth as most expensive downtown housing
UPDATED: 2007-04-12 16:38:42 MST

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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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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.
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Calgary ranks sixth most expensive of 31 cities surveyed around the world.

9 F# A  k1 P( Z7 u( ?7 [- m" yThe 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.
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- `; q6 `8 Q( P( i) K5 I8 c“To live downtown people pay for it.”
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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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Part of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said.
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7 s# G6 L' O- x' H" P“People want to be close to restaurants and bars and don’t want to drive an hour to work,” he said.
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He said 30 % of the housing market is condos - the bulk of which are in downtown.

6 o/ T% E# {0 I' \The survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322.

- q* \9 ?/ c+ ]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.

4 U9 g2 ?+ B' k: lWhile those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings.
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A 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance.

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- 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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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.

smalltown

Are we living in New York or Tokyo?

xiaopang

不是真的吧。我朋友在纽约，他说他买不起房子，他住公寓，房租一个月2800美刀，不过据说很奢侈。比起来，爱民顿还是很便宜的，不过可能占工资的比例就比较高。我朋友两口子年收入税后将近30万。

dave2004

一点也不奇怪，最近一个世界范围内经理级房屋 (executive house)市场调查显示 (见上周环球邮报)：
世界排名前十位最贵城市中，加拿大名列第一，独占四名， 仅次于伦敦(第一)，纽约(第二)。

牛眼熊心

这数据是真的, 我在电视上也看到了, 可是统计方法有待考证.

New York City $375 Tokyo, $325 Edmonton $322.
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# }  S: F- o# g) ]$ V也就是说edmonton的房子和东经,new york基本一样. new york的中心two bedroom房子没有个50万买不到, twowhouse起码上80万...edmonton还没有到这个价吧?

Listing Information
2 b6 G+ D0 l/ Y2 F" m( m' R        Listing ID         932689
        Price         $465,000
        Bdrm(s)         2
  d0 y) s; N- ~" X# Z* J/ d        Type         Co-op
        Rooms        4
& N5 m3 Z& w, k# S/ X( a, N        Baths        1
        Monthly Tax        --
6 f/ ^5 e1 @4 X6 h+ ~; @        CC/Maint        $707
这房子是new york Manhattan最便宜的two bedroom了, 其他的都上了50万. 要注意这个condo是co-op, 也就是说房子没有卖的权利, 要通过condo board调查买家,经过的同意才能卖.

$ e+ v5 r3 q! }  }# B; K[ 本帖最后由 dgg 于 2007-4-13 14:39 编辑 ]