 鲜花( 0)  鸡蛋( 0)
|
Thu, April 12, 2007
3 x% K0 P* \; I/ c) p
. y8 T2 f" Z) _( U/ m- z) i, bCalgary ranks sixth as most expensive downtown housing
( D. O9 u8 s- x: uUPDATED: 2007-04-12 16:38:42 MST0 u* K2 o y4 Y( x* x& c
I, X, ~: P2 ?
- I4 m( Y+ ~- b4 O' a6 OBy NADIA MOHARIB, SUN MEDIA
( N7 W7 p* ^" t" ~
* i9 s' o/ h; u2 G. M
* O0 L% Z$ o6 h, @# w9 Q% ~More and more Calgarians are buying downtown homes but paying top price for the prime location.
; v! p& c; c6 I- T
, y! @. t8 q+ b W- gPeople 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. : q; V0 \+ k& s4 t$ n- ~
2 O1 Y/ @7 u' w" o" Y0 w, x) nCalgary ranks sixth most expensive of 31 cities surveyed around the world.
5 p/ g2 p- _: ~ q1 i
+ l# o3 Y, b. p' \ L* D8 SThe 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. & j) i) W" t, i. T
; V A; N' O6 @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.
$ u' |. f* W3 f0 h* c# y& t- K7 k I* [" c; T" [+ \
“To live downtown people pay for it.”
/ I* Y- v# B2 ^! c* B' { ^; P
$ h$ j3 R/ _% g/ w( t5 T. _A condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500. ' y, F! T8 F2 }( _. C# R% ]
" l4 E+ ]8 g( i6 F( [( R$ |7 K1 [1 J- M2 i
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.” ' o, W! u( k8 d3 @ n1 G
1 @ e3 B/ u X& Y
Part of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said. / O7 @6 T$ P4 A+ N: b' A9 s
9 F( u; ]1 h; F; O" I! o
“People want to be close to restaurants and bars and don’t want to drive an hour to work,” he said.
8 V3 V9 m6 M* s+ l# d8 B$ }1 G
He said 30 % of the housing market is condos - the bulk of which are in downtown.
2 u- f1 |; m& u" @* a+ M+ Q/ [
; \1 @ M: B! Y; f' LThe survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322.
7 b- n- V% g3 A& D3 p7 r0 K8 W/ k: Q! \8 C# Q1 q
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.
3 v5 y1 G% S. P/ i" A
: [) z5 j+ f1 G: d& e7 T1 D0 w, kWhile those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings. % s! e+ R) n3 M/ c% C
8 u1 M0 x2 m4 T+ Y1 {% _" k9 X# lA 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance. * J2 Z0 Z* Z; L, _/ Z1 \
+ ^" ^$ G' Q& U; q
FAST FAX
6 Q3 q8 g( @/ T6 J" Z, c/ F5 n3 r* p. ?4 }8 c
- 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 $105 respectively.
: k5 f& ~2 L9 A: h& P& C: P6 v" P" U$ s' |
— 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 $119 1 b% }4 [* W' x! N$ E' o( V% T( L
# z4 `$ ?3 w/ y( r& wThe 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. |
|