 鲜花( 0)  鸡蛋( 0)
|
Thu, April 12, 2007
. o' d4 g# P7 h; x* b5 [# Y( R+ B0 v) T9 [2 g
Calgary ranks sixth as most expensive downtown housing; B& }" ~* Z) J) M J
UPDATED: 2007-04-12 16:38:42 MST; p- H. Z, y( R
- E0 Z/ ]% P) f& {
! F, t( @" f" @# h1 `& ]6 sBy NADIA MOHARIB, SUN MEDIA
$ |* S. @3 D5 B4 r% g* j! U! e
$ P5 R7 W; @* T! z4 v
" D. F! i- |) U: S. ^& TMore and more Calgarians are buying downtown homes but paying top price for the prime location. 5 r2 o4 m4 e0 A! T
* U: I+ ?! m6 f; q# C9 KPeople 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. . T: Z5 a3 w9 L) H" L% l
4 D3 n% D7 h4 h( g. q& H7 X N
Calgary ranks sixth most expensive of 31 cities surveyed around the world. / M4 B$ S+ w% Q( X6 f+ ^
' @1 ~( c, U) n' s; Y1 Y- A- `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.
) ?3 c6 ]% ?. u6 r N
. h2 j6 ~, M- c+ jGeorge 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. 7 t' Y9 V. L2 v5 w8 p; L! x6 l1 Q
! ^4 `8 w9 X7 p0 r4 G! K9 I+ y“To live downtown people pay for it.”
: F }6 ]3 I2 n4 @
+ I- D+ L- X. p) n* x: z: I9 |A condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500.
: f2 m; a- o9 B- q* d5 D6 V7 P+ N6 K+ q5 p. B4 d8 n
7 W4 E, Y6 x8 W9 G. |
Still Bamber said the interest in downtown living only seems to be getting more popular — a sign Calgary is “getting to be more like a big city.”
) |# T [0 b7 E. x
* L% x6 q! q8 P+ x( ^2 |Part of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said. 1 M2 N! Z4 ^" h# e/ _1 b# r. q
! u7 J/ ]& Z2 A+ H4 S# x3 a9 s“People want to be close to restaurants and bars and don’t want to drive an hour to work,” he said.
0 S% Z) x, C( X9 m# L% b( B
2 I$ x/ L, b$ L+ k# m h4 mHe said 30 % of the housing market is condos - the bulk of which are in downtown.
$ `* t% l/ e: U$ n' a4 P
, }# H$ D3 j" M' C& ]+ N; p [( L% cThe survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322.
# c0 o5 y$ y5 W
$ c+ w7 u; \; S+ 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. " d9 c R. Z! Y5 Y
$ h- ^+ g; ^% v+ ~$ P3 P
While those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings.
! v) ?* D. Z: I" g% h
8 E! Q6 e' c; u1 Y1 U2 a/ ^, R6 q: EA 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance. * ^) @, F4 K) F0 t8 h. D
+ g8 T2 D5 I. } [# A. ~FAST FAX
% b" v) ~5 x3 M2 v+ e$ G5 W& r5 @, V8 F3 n
- 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 $105 respectively. ' i5 I/ T6 \/ Z- X4 F
1 C$ c4 u6 N; |, T1 L; Q— 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 , ~/ Q8 f8 \5 q& ^9 I4 L
' {7 l, x# a, e3 E0 h9 ~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. |
|