 鲜花( 0)  鸡蛋( 0)
|
Thu, April 12, 2007
6 y- ]0 e# T: K6 ]; p b3 _
9 L$ e; ?8 l' W+ kCalgary ranks sixth as most expensive downtown housing% P0 P! z+ }7 k4 Z& v' c1 A6 x
UPDATED: 2007-04-12 16:38:42 MST3 i n$ k" _ o$ I, p9 O' q" c% ^
5 ?) c% N9 O w) Z
1 R. [* g- Y% U, ?# nBy NADIA MOHARIB, SUN MEDIA' [$ V( S4 D( a
+ c; n9 \" ?: g0 E5 ~2 `
; ~8 \+ h; v0 M. Q1 tMore and more Calgarians are buying downtown homes but paying top price for the prime location.
1 c0 v3 [: ~) b) Y! |& R
. u6 k9 U$ N' hPeople 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 M/ t* Y' Q- z* C& G
3 A) N! w" E3 G: ^- N" _8 V" ACalgary ranks sixth most expensive of 31 cities surveyed around the world.
( T2 V! I) u! d- Y: R" d) @/ Q" x9 p5 s, a/ W0 a8 E" U
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 $209 per sq. ft.
8 p7 D2 \% `& m7 F+ a# i0 V+ }8 q$ v" F1 f2 F
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. 9 @) L/ W4 C4 V! h- e, d
, m1 U9 ^1 |) |* A$ u
“To live downtown people pay for it.”
4 R) [$ O3 A- z0 w6 y8 q3 {) K2 n' }; n9 w N& j6 h2 q+ K3 w$ q
A condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500. ' v: j8 ^' J& e$ _9 `% h
, S0 b7 w6 k% ~& |6 N# P# e
) C2 @: C6 L. n, P6 a8 E, \( u
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.” ; @# ]6 s' W; h+ ]- @! I
2 \2 c2 Y: ~- ~+ P0 ^
Part of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said.
% K6 F) d; v3 L( `9 m6 s5 O3 n: W" P1 F9 g1 Z! V7 x
“People want to be close to restaurants and bars and don’t want to drive an hour to work,” he said.
$ Q( G- B. l9 S U* m5 i. ?0 a
3 e6 X) v3 D! }5 K2 z& `/ o; H. ~He said 30 % of the housing market is condos - the bulk of which are in downtown. 8 Q: P* ], b- [ u# W
4 Z- e6 ^+ ~. F: KThe survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322. ! Z5 x/ i# l$ E
# l( C( V* `" D* c! N- m: p- X* |. {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 $250,000 and a 10-minute drive or 20-minute walk to the downtown business core and the Calgary Tower. 0 O& M. E- P, |$ u t S4 t
. B. k6 r& T3 B- W2 _While those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings. 2 T+ y& V7 y/ i% R7 G4 Q9 J1 ]
: j9 F3 |* I6 C0 m
A 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance. 7 z* o6 J1 i( c
: m0 V- y/ d( ]0 ?, {5 m8 H- o# _4 I
FAST FAX ' J% L, b% A. Z3 p, q/ {8 f2 Q
8 J1 E/ `2 V+ @' h( p! Q% o- 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. ! t7 r% A+ E5 V/ {, A& P. |
( y+ T- ]+ {) h6 o( ]
— 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 $119
m$ j, H& J, h' [ a7 q2 ~. A* \
4 c- N! k" K( W0 T) rThe 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. |
|