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Thu, April 12, 20076 W- b: B3 Z% J! [; Y1 H4 Q
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Calgary ranks sixth as most expensive downtown housing
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$ r/ P6 r% r, \7 H1 r4 pMore and more Calgarians are buying downtown homes but paying top price for the prime location. % c! y0 E5 X) p' T* y; T
# R3 I( f; t6 ?4 G l. f, t$ p" r5 ~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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1 M A( c3 I- H( l3 w* [Calgary ranks sixth most expensive of 31 cities surveyed around the world. * d1 D9 d6 v& b# y6 Y( D( P
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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.
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- S. f( Q+ z0 \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. 2 n8 c8 a2 @% {: o2 v0 H7 [; x/ n
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“To live downtown people pay for it.”
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5 I) S7 `! ?/ x4 p; E/ G/ j% LA condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500. / l# M. E5 M$ N1 \
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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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6 U3 Q- K% C) rPart of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said.
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; N. z2 c# d, }5 Q) B) F6 @; F3 @“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.
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# R8 f8 e, m, h* y3 I( a+ i# BThe survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322. % n, W8 Y; T. `6 V0 ~9 P
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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 $250,000 and a 10-minute drive or 20-minute walk to the downtown business core and the Calgary Tower.
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' [5 ]; y" ^. o3 `8 _) d' Y, K, HWhile those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings. : J0 s$ v7 x" S; L( T
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A 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance. + M) R* n. _# L! J
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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. / i5 Q1 Z! ]& P* N& G
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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 $119 `' Y8 u# C0 n* W: ?" ^$ z
! S j- \4 N- h+ 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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