Real Estate

WestJet’s low-cost carrier, Swoop, will launch June 20th

WestJet Airlines announced Thursday that its very low cost carrier, Swoop, will make its first flights on June 20th.

The carrier will begin offering six weekly flights between Abbotsford, British Columbia, and Hamilton, Ontario, as well as six weekly flights between Hamilton and Halifax.

Swoop will add June six weekly flights between Hamilton and Edmonton and six more between Hamilton and Winnipeg.

The service between Abbotsford and Edmonton will begin July 25, and will consist of three daily flights.

In all, Swoop will offer 45 weekly flights.

WestJet announced last year its intention to launch a carrier at very low prices this year.

Real Estate

Residential Real Estate Booming In Montreal

Residential sales in Montreal rose sharply last month compared to the same period in 2017, announces the Greater Montreal Real Estate Board.

In its monthly report released on Tuesday, the GMREB, which has more than 9,000 members, real estate brokers, said 2,598 transactions were completed in the past month, an increase of 13% over January 2017. is also the best month of January for eight years.

The six main sectors of Greater Montréal recorded increases in the number of transactions. The strongest gains were in Saint-Jean-sur-Richelieu and the South Shore, with growth of 31% and 22% respectively. Home sales on the Island of Montreal and Laval increased by 11%. The North Shore and Vaudreuil-Soulanges sectors saw their activity grow by 9% and 7% respectively.


Also in January, condominiums continued to be very popular, reports the GMREB. As a result, this housing category posted the strongest sales growth for the fourth month in a row, with a 19% increase. On the other hand, plex sales of two to five units grew by 15% and those of single-family homes gained 10%.

In terms of prices, the median price of single-family homes across the region was $ 307,250, up 6% from a year earlier. That of condominiums, it has increased by 3%, while half of the units were sold at more than 244 750 dollars. Note that plexes stood out, with a median price of $ 495,000, an increase of 8% in one year.

Finally, the number of listings for sale fell by 14% compared to January 2017, to 25,268.

“There are fewer and fewer properties for sale in the Montreal area and demand remains strong, so that the resale market is, overall, more and more favorable to sellers”, summarized in a statement Mathieu Cousineau , Chairman of the Board of Directors of the GMREB.

Expectations of future Canadian owners

Improving accessibility (fewer barriers and physical barriers) and the opportunity to make an investment are among the most important motivations for future homebuyers, from first-time buyers to homeowners. , former owners or existing homebuyers, according to a recent survey by the Canada Mortgage and Housing Corporation.

This survey, the first of its kind in the country, also shows that changes to the mortgage rules and possible interest rate increases are not among the factors that are considered decisive by potential homebuyers.


It also reveals that in the absence of finding the “ideal home”, over 40% of first-time buyers and former homeowners would be willing to delay their purchase, while a similar proportion says they are willing to compromise on its size and location. The three groups of potential buyers say they favor the acquisition of an existing home “ready to be occupied”. Similarly, about 20% of first-time homeowners and former homeowners indicate that, second, they would opt for a new home. In addition, the study shows that the two steps most often completed a year or two before the purchase are the accumulation of the down payment and the choice of the type of dwelling.

Finally, the majority of potential buyers plan to obtain a mortgage to finance the purchase of their home, and about 25% of them say they would probably consider postponing the purchase if interest rates rise. This option is more prevalent among first time buyers than former homeowners and homebuyers.

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