 鲜花( 0)  鸡蛋( 0)
|
Thu, April 12, 2007
# T# H' K! |) E$ y) \* V$ [ i1 O& Z, `$ f
Calgary ranks sixth as most expensive downtown housing
" F- E8 ~ E6 D: q- [UPDATED: 2007-04-12 16:38:42 MST) b& j: r. {* K. y2 x
4 H! s# ?6 [6 N% Y3 v9 S$ p8 o
+ d# {+ Y+ k+ ]( i& E, w; V& HBy NADIA MOHARIB, SUN MEDIA9 Z* [. c& j- e
* o: E v4 y, n3 J3 s" J/ J8 `
" f$ `- S) N1 R. h. M# yMore and more Calgarians are buying downtown homes but paying top price for the prime location.
7 u! {! H' X% P' z4 Z7 e( \$ V+ r. B. L$ a
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. 8 x& v. @8 \! C- d4 @! ~
9 h/ j: m8 t2 U, cCalgary ranks sixth most expensive of 31 cities surveyed around the world.
, u- o# q% J1 g
1 d, E) C, o+ q& G; pThe 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 $209 per sq. ft.
1 o: N3 h8 p. h/ }+ X& B: U& w$ J' _/ o q; G* 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.
% W- Q1 ?0 a" r5 j/ j& Y
, @2 M1 C3 Z0 S. [$ |“To live downtown people pay for it.”
8 b4 U, U6 [% L
% T, |* ~, o. Y9 t) \A condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500.
m/ u* g& b9 |% d7 Y$ s/ k8 G" `
3 W2 C0 A( ~7 ^1 J( zStill 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.” & y: v. ]) V. |# r
* w' p6 x2 U9 u0 F: yPart of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said. ; P" p6 U: S1 _% p4 {
c9 X2 L. G0 _, G$ s
“People want to be close to restaurants and bars and don’t want to drive an hour to work,” he said.
$ E) W$ O3 D. Z* T
( t% T' _& \; h# _% [# zHe said 30 % of the housing market is condos - the bulk of which are in downtown. & a3 u9 w; ~& W. {% c2 v' J
9 Q& {% f! H( @4 X2 z5 q; KThe survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322. 6 l' m! F9 C1 j4 i0 r9 V( A
, X( K4 p2 ^# \% p2 e# n1 P: H; t
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. 9 M0 \' r3 j9 E- {" P" ~+ ~
1 i/ g: ~6 K7 h6 t, ZWhile those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings. # J4 B8 K1 i4 x8 O5 S
1 o" _3 T6 ^9 W1 Z1 k
A 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance.
5 |$ w4 ]' W1 H: d1 O3 C
- i+ V1 Y0 }; Y$ z0 m' N pFAST FAX
1 w7 t/ O' D$ B6 w
1 i( N) Q Z# P E2 r9 r S- 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 $105 respectively. 9 _$ a* E" W a- f) H5 r
3 K* Q4 M5 E9 A0 W, t
— 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
2 Z5 Y- W6 k2 J3 F4 v
- h: Y5 q" I0 b) i) _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. |
|