Edmonton ranks 10th as most expensive downtown housing in the world!!

smalltown

Thu, April 12, 2007

Calgary ranks sixth as most expensive downtown housing
UPDATED: 2007-04-12 16:38:42 MST


By NADIA MOHARIB, SUN MEDIA

  
More and more Calgarians are buying downtown homes but paying top price for the prime location.

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 L' k: }# w" P- LCalgary ranks sixth most expensive of 31 cities surveyed around the world.

- Z9 s  T% ]2 AThe 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 S# J! ?4 d: N2 u/ s7 J- j/ BGeorge 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.
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% @8 M4 f. m& ~4 ~“To live downtown people pay for it.”

A condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500.


5 |; i/ B( l' |7 Y) w! J5 f3 pStill 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.”

Part of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said.

“People want to be close to restaurants and bars and don’t want to drive an hour to work,” he said.

He said 30 % of the housing market is condos - the bulk of which are in downtown.
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4 R" O9 \' V3 e6 b2 ?- f% m' BThe survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322.

2 w4 Z4 b; c4 g& z& E) ^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.

( |: ^- X9 ]! ]( ~' _: TWhile those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings.
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8 r; ~: L  l( a/ E% J1 |1 d& r6 QA 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance.

FAST FAX

- 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.

— 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

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.

smalltown

Are we living in New York or Tokyo?

xiaopang

不是真的吧。我朋友在纽约，他说他买不起房子，他住公寓，房租一个月2800美刀，不过据说很奢侈。比起来，爱民顿还是很便宜的，不过可能占工资的比例就比较高。我朋友两口子年收入税后将近30万。

dave2004

一点也不奇怪，最近一个世界范围内经理级房屋 (executive house)市场调查显示 (见上周环球邮报)：
8 S( ^- a. W0 U7 S  u- E5 A9 Y/ p世界排名前十位最贵城市中，加拿大名列第一，独占四名， 仅次于伦敦(第一)，纽约(第二)。

牛眼熊心

这数据是真的, 我在电视上也看到了, 可是统计方法有待考证.
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" `. |1 v6 V, l( gNew York City $375 Tokyo, $325 Edmonton $322.
* i9 j/ z2 f) V" [% c3 ~, J8 }
也就是说edmonton的房子和东经,new york基本一样. new york的中心two bedroom房子没有个50万买不到, twowhouse起码上80万...edmonton还没有到这个价吧?

Listing Information
        Listing ID         932689
: F+ M1 ^2 M7 l/ b) X) F        Price         $465,000
& l+ s9 H9 j1 s        Bdrm(s)         2
        Type         Co-op
        Rooms        4
% @2 f: w" D" N# o        Baths        1
! {( ^3 l  `9 g* o0 }6 e6 @        Monthly Tax        --
& g. X/ ^2 e3 z1 m: w: }        CC/Maint        $707
* ~5 B! A. z, A# O  x这房子是new york Manhattan最便宜的two bedroom了, 其他的都上了50万. 要注意这个condo是co-op, 也就是说房子没有卖的权利, 要通过condo board调查买家,经过的同意才能卖.

9 W2 B/ X( ]1 C4 ~2 V' ]8 I[ 本帖最后由 dgg 于 2007-4-13 14:39 编辑 ]