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

smalltown

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

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By NADIA MOHARIB, SUN MEDIA

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

8 [- c8 |5 m: m1 Z! BPeople 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.

' l7 e8 p. i3 k) h& SCalgary ranks sixth most expensive of 31 cities surveyed around the world.

/ Y, d& \  Y" O- S9 Y1 k5 u# kThe 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.

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.

$ `# L  i" X5 i8 @1 i“To live downtown people pay for it.”

8 Q6 j/ c2 S" L5 iA condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500.


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.”

# g: D6 d! |; L! V( yPart 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.

4 A9 E  _( ~# IHe said 30 % of the housing market is condos - the bulk of which are in downtown.
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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.

. E7 c7 _6 D8 p* J' o. ~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 $250,000 and a 10-minute drive or 20-minute walk to the downtown business core and the Calgary Tower.
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: \# J7 q6 u$ e7 X: zWhile those looking for life in the suburbs and a better bang for their buck typically see a significant cost savings.
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! A7 ~5 d2 B+ I1 u% t' ]& v' @A 650 sq. ft condo in Southwood, Bamber said, recently sold for about $323 per square foot, for instance.

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- 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 $105 respectively.
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9 x+ P$ z: x! {+ _— 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
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5 F7 p9 D) T: L2 x0 \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)：
: f) q0 y6 U5 Q' a3 b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.

New York City $375 Tokyo, $325 Edmonton $322.
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* C, N/ T3 @, d# p* T& H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
" N1 Y! o* K3 }        Price         $465,000
        Bdrm(s)         2
( Y& Z5 x* t9 a        Type         Co-op
        Rooms        4
" x' p( w; }7 z% T# o        Baths        1
0 P. A6 f  A: ~$ C3 j        Monthly Tax        --
        CC/Maint        $707
8 n1 k  T+ w9 ]' e! [: z) w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.
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[ 本帖最后由 dgg 于 2007-4-13 14:39 编辑 ]