Definition
The Quebec real estate purchase process follows a logical order:
1. **Budget assessment**: calculate borrowing capacity, accumulate down payment, consult a mortgage broker. 2. **Mortgage pre-authorization**: obtain a conditional approval with an amount and rate hold (60-130 days). 3. **Property search**: with or without a real estate broker, via Centris or MLS. 4. **Purchase offer (promise to purchase)**: drafted with broker, including price, conditions (financing, inspection), and possession date. 5. **Pre-purchase inspection**: certified building inspector visits the property. 6. **Financing confirmation**: lender approves the loan based on the specific property. 7. **Lifting conditions**: buyer formally lifts their conditions (financing + inspection) — the sale becomes firm. 8. **Notary appointment**: buyer meets the mandated notary 5-10 days before closing to sign the deed of sale and mortgage deed. 9. **Possession**: key handover on the agreed date.