 鲜花( 0)  鸡蛋( 0)
|
Thu, April 12, 2007$ Y- R6 W: Y5 x3 I
" ?7 G- M+ M7 |! O
Calgary ranks sixth as most expensive downtown housing$ A* p0 m2 W( ~ ]# S9 H
UPDATED: 2007-04-12 16:38:42 MST3 B& D+ G4 [& D( D* U
$ p; o+ j# s5 @) ?- t0 |8 e8 k2 ] a
By NADIA MOHARIB, SUN MEDIA
: C* j) H- U4 m9 L, Y! A2 A' @1 f0 W8 e
0 r8 c0 l! z9 }0 Q+ b/ S
More and more Calgarians are buying downtown homes but paying top price for the prime location.
" H5 h7 K' V8 v* h. R8 F% A# }7 F& }# h7 N' K. \- P: V
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.
# d- H M1 x/ b: }1 [3 V: f$ Z/ [2 [/ `6 q6 K: \
Calgary ranks sixth most expensive of 31 cities surveyed around the world. 8 f# e$ @; L5 o5 f5 D
& x/ J$ w9 _4 ^! zThe 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 $209 per sq. ft.
2 u0 \7 t" S& f% H* j, ?2 g8 [
% K0 A6 e( d% UGeorge Bamber, owner of a Calgary-based Century 21 said it’s a sign of a city maturing and becoming more like Vancouver or Toronto where downtown is a place where people live and work.“You just get more real estate for your money outside of downtown,” he said.
7 g: [+ @4 y# S' E6 w( O
' p( v# T, k4 u' Z$ t4 _# _“To live downtown people pay for it.”
, I' {7 W+ i% R- E" y$ Z* C% Z+ G" i0 y" C' k
A condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500. % |. M2 k( N3 E8 v) v: J- h
4 D- I0 u8 ^6 `3 L4 N% V) L+ W
( W! h( R' J8 _4 wStill Bamber said the interest in downtown living only seems to be getting more popular — a sign Calgary is “getting to be more like a big city.”
; G- Y# G1 f- k; l* O! E$ o$ y" }; C2 G& I; `5 t8 q6 p$ F
Part of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said. 1 b' l b) s$ [
9 C: z0 O3 x: T. e* w7 M" [
“People want to be close to restaurants and bars and don’t want to drive an hour to work,” he said.
. W' x; y$ R' E( n! q" H5 F4 Y% ?" h& D" e+ y
He said 30 % of the housing market is condos - the bulk of which are in downtown.
7 {# x9 }8 {; c& g: O. q' A& N5 p1 M( K
The survey showed Vancouver placing fourth most expensive at $577 per sq. ft. while Edmonton was 10th most expensive at $322.
* b# L' i; t6 [# I( M- L1 Q7 _* a4 H, B7 S
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. " B8 @2 l7 j1 N( _. E8 N! N1 H
5 p, z2 m1 H2 n! @) s+ L y
While those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings.
* v1 ?& b& p, o0 H
+ g, D& H7 {" {4 R# BA 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance.
3 o% O" A* q3 j
% ^$ g! [# _& n) }) O; q/ |! ?FAST FAX
" e) Z9 t/ `3 m1 `) G" {( ?
4 y! f! I1 i- G: K/ b, M" N* P- 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. $ ]0 |. w- O U3 r: X3 r* X$ ^0 M5 S7 g
" X: [! X4 e* r7 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 $119
0 l1 N. U/ W3 Q
1 w/ G" t9 r3 O$ UThe 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. |
|