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Thu, April 12, 20075 e* B# F2 _8 S+ Q3 P2 j
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Calgary ranks sixth as most expensive downtown housing* S0 ~: T3 z# Y0 F* U4 d2 s
UPDATED: 2007-04-12 16:38:42 MST$ ]' `. L3 I) G' ~* c
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By NADIA MOHARIB, SUN MEDIA
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$ D p7 ~8 M$ y: L3 y! y) _+ XMore and more Calgarians are buying downtown homes but paying top price for the prime location. # E3 N6 Q+ `+ x* W/ _/ g: N9 F0 M
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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. ' b; i0 U+ }; c, S( b
' i7 T! r9 ^6 ~8 y4 bCalgary ranks sixth most expensive of 31 cities surveyed around the world.
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+ p8 ~8 l! H, G! jThe 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 $209 per sq. ft. 6 B8 n9 L4 w% P9 N O. c$ F0 I( f
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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.
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“To live downtown people pay for it.”
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/ N: {1 `/ ]; d9 ]& hA condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500. 3 d p5 [- }7 N& X; t
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' X+ R" f0 \: y; j1 TStill 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.” 4 K1 _& i. w5 ?, E
$ b3 k% W4 p% A$ R$ HPart of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said. 8 c! {" w6 \8 a; E
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“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. : T; z0 g. |4 m, M
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The survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322.
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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. % Z2 ?) y3 y. O3 r& N9 e
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While those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings. # X& N4 C3 D( I6 P
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A 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance.
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) H- c/ F# y" r% h B- 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 $105 respectively. ) U" V# Q% s6 }4 p3 V
* f$ I% ^/ L# y9 u1 p3 `* 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 $119 1 V$ P0 I2 S, R# q" }) ~+ d
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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. |
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发表于 2007-4-13 07:37
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