 鲜花( 0)  鸡蛋( 0)
|
Thu, April 12, 20075 I$ `. b# ^- ~
! i6 @9 |- r9 [4 V4 ^
Calgary ranks sixth as most expensive downtown housing
t. N: F4 C. `UPDATED: 2007-04-12 16:38:42 MST' @0 R) a$ Y4 h3 Z4 s; {; J2 _
; S0 r8 G) V- {) H7 i! r
8 z8 S5 N% f% sBy NADIA MOHARIB, SUN MEDIA" T7 ]/ [0 Q8 S U( q( ` D; ?
5 E2 {2 K) y: Z" l8 \9 g. j / j$ _- \- M+ q+ `
More and more Calgarians are buying downtown homes but paying top price for the prime location.
) E9 t! v# s2 }$ m# a( G! B( W; I: y# T- R' A1 P) h. i+ j
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. 6 U3 c$ Q( l$ t
p6 v) W; q2 ], f ^2 s( L! YCalgary ranks sixth most expensive of 31 cities surveyed around the world. 9 T4 o0 y+ j4 M4 c/ g
' R$ Q8 b8 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.
: g1 s" C4 E1 t7 G+ J0 Q. J0 E7 ^& p. L6 t
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.
# V; Q. f2 \( l' R" x' R( T" X; F- x/ r: W
“To live downtown people pay for it.”
/ `% R# G, |# I# Z3 h6 r) ~% `! G6 I4 n3 f- R5 n/ i
A condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500.
% e2 K4 J. m/ @+ z+ D) G/ Z- I; u+ P2 e% U4 t/ U4 J/ Q
: E& Q p! U1 e+ B5 }Still Bamber said the interest in downtown living only seems to be getting more popular — a sign Calgary is “getting to be more like a big city.”
& Z- m; g, ]2 L0 L, D
5 ^" h: i! O g4 ]Part of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said.
4 [, ]8 s7 V5 P9 b7 [6 A" K) L+ _- o* ~9 k# H2 O( t) A' i
“People want to be close to restaurants and bars and don’t want to drive an hour to work,” he said.
% |' W9 t h* ~/ A, V5 ^+ [! H% T: A) ~' p" [3 S
He said 30 % of the housing market is condos - the bulk of which are in downtown.
; _6 N* ]8 K7 ]' M$ I( t1 q' {& k2 g
. m& q9 A, [% o: C( N) KThe survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322. 7 [' p) G) B7 {5 \/ Y' H% a" z
& C1 w6 p5 t" q% kIn 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.
$ B0 ^. W& ?) ]* L: `9 o2 s, \: P9 |. k5 q( _- `3 b( r1 N+ ^
While those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings.
4 g! F: X! ~/ ]0 l
0 Q# J. Q5 @- i" Q; W! OA 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance.
0 \# y3 o4 ~2 R- x1 F) Y/ W( Y7 A+ v4 [! V7 c0 t, _( z$ k
FAST FAX
: z, w \3 U# \4 ^9 \% v1 E
# h2 a4 q# n4 B0 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.
& D% V1 C7 n+ z3 i `
7 N7 E% l8 }. I— 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 - `. r* n+ |' V# Z& B
, `( {3 Q8 Q NThe 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. |
|