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Thu, April 12, 2007 M1 I( p) B; q, e. j$ Y
3 g( W: A. n$ X: dCalgary ranks sixth as most expensive downtown housing
* z! |; i& W3 X0 jUPDATED: 2007-04-12 16:38:42 MST
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More and more Calgarians are buying downtown homes but paying top price for the prime location.
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& { i3 l' @3 a0 \- Q7 K$ iPeople 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.
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a$ y, Q& m- u5 g& r/ S ACalgary ranks sixth most expensive of 31 cities surveyed around the world. 8 I* r6 Q$ |5 x! x3 W
3 x* p% X4 `8 _8 g% dThe 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 $209 per sq. ft.
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1 Y+ q, Q% k) k5 Z$ U S: P2 s5 UGeorge 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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$ C P) W! N: F2 C( ]/ o' @' R# |8 L“To live downtown people pay for it.”
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A condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500. & r7 \' a- F+ v0 K; O M/ J
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/ k/ K9 S& l8 ]4 Z1 M3 C" cStill Bamber said the interest in downtown living only seems to be getting more popular — a sign Calgary is “getting to be more like a big city.”
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. B1 [' T0 I( z1 y* u. z& kPart of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said.
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$ O( T2 Q7 \. P7 u" D“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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" M _& Z" i& X9 Q9 d4 ^7 OHe said 30 % of the housing market is condos - the bulk of which are in downtown. + u3 t4 k& s1 A; y
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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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0 @, n2 ^: g, \& j% b; e1 T* hIn Calgary, a typical first-time buyer would choose a one-bedroom, one-bath 500-sq. ft. apartment in Mission or Connaught priced at about $250,000 and a 10-minute drive or 20-minute walk to the downtown business core and the Calgary Tower.
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$ K4 U, k: m4 C4 P# i2 o$ n2 s% ^4 bWhile those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings. . f$ u) D2 M5 ?& C
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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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1 i) _6 @9 ~1 r! x2 K7 Z2 M; r a# 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.
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* G+ I. K6 b4 V& b* 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 6 }9 U V; t' s) u! U/ x
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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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