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| Thu, April 12, 2007! u' e2 z* `2 l9 H* ? * o4 D5 B* [- {' ~! X
 Calgary ranks sixth as most expensive downtown housing( @, z* t( V( ?5 D
 UPDATED: 2007-04-12 16:38:42 MST( P; V6 R: l( I& C' ^- \
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 ( R$ d; ~+ ?2 Z! pMore and more Calgarians are buying downtown homes but paying top price for the prime location.
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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.
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 - z6 ^" p8 G* n+ _2 A" mCalgary ranks sixth most expensive of 31 cities surveyed around the world.
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 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 $209 per sq. ft.
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 % n0 {! N; j& i5 h. rGeorge Bamber, owner of a Calgary-based Century 21 said it’s a sign of a city maturing and becoming more like Vancouver or Toronto where downtown is a place where people live and work.“You just get more real estate for your money outside of downtown,” he said.
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 “To live downtown people pay for it.” 3 X7 s2 n, i$ {+ e; V! p( o
 
 , H9 ?1 R# v1 H+ q  l5 OA condo in southwood for instance would run about $323 a sq. ft while downtown goes for about $500.
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 7 V1 A. M% U; \0 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.” ' B) V' S0 t, A9 i7 f
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 Part of the attraction is affordability but also people wanting to buy in to a certain lifestyle, Bamber said.
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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. ) U* _3 \4 ^' B; {+ S8 ~+ O2 Q0 {
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 He said 30 % of the housing market is condos - the bulk of which are in downtown. # d6 s( l7 [/ a' P* @3 f
 
 2 o4 y3 A& w. R2 VThe 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.
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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.
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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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 % X. \6 `- p( w6 d; y- 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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 — 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 ! o' w) r6 {% }) y) 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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