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.
A broker provides a complete and accurate description of the property, performs a comparative market analysis, proposes a marketing strategy, verifies the specifications of the desired property, prepares and submits the promise to purchase to the seller, negotiates in the best interest of his or her client, and ensures that all conditions are met on time for the signing of the notarial act.