The process of integrating the province’s various Centris databases began approximately five years ago and was completed in June 2008. All transactions concluded through a real estate broker who is a member of a real estate board are added to the new provincial database. The Québec Federation of Real Estate Boards (QFREB) uses this database to publish press releases and other publications on market conditions, including the Centris Barometer – Residential Market, which provides an overview of key performance indicators associated with the resale market (i.e., sales, new listings, median prices, number of days on the market, etc.). These indicators are calculated according to consistent, stringent rules so that statistics can be comparable across geographic areas.
Your broker will help you fill in the seller’s declaration, prepare and explain all of the clauses in the promise to purchase, and help organize all the documents you need for the signing at the notary’s office. Your broker will also inform you of the steps to take to buy or sell a home and can guide you to competent professionals who you may need to consult with.