Mortgage brokers in Quebec

Buying in Quebec

Michael Makhoul lists Quebec among his service areas. Begin by discussing the property and confirming who can handle your file; a service listing is not itself verification of a licence or professional standing. Before engaging anyone, check current credentials through the appropriate official source and confirm the person's role, service area, and scope of work. A real estate transaction also involves professionals whose responsibilities differ; ask who will handle representation, legal review, financing, and any technical questions that arise.

One important distinction to understand is whether a condominium is divided co-ownership or undivided co-ownership. These structures can involve different ownership arrangements, decision-making, financing considerations, and documentation. Ask the seller and your notary to identify the form of co-ownership and explain its practical consequences for your intended purchase. For divided co-ownership, review the declaration and related records, financial statements, meeting minutes, insurance details, rules, and information about planned or reported work. For an undivided interest, ask how shares, occupancy, expenses, and decisions are governed, and whether any agreement sets out the co-owners' rights and obligations. Do not assume the two forms are interchangeable.

A notary can explain the transaction documents, title matters, and the legal consequences of the ownership structure. Ask what searches and records are needed, what issues should be resolved before signing, and how the proposed agreement's conditions and deadlines work. If the property is a house rather than a co-owned unit, arrange an inspection suited to its condition and ask about relevant records for work or alterations. For any property, verify matters that affect your intended use with the appropriate qualified source.

Discuss financing with your lender using the specific property and ownership structure. Ask what documentation it requires, whether the form of co-ownership changes its review, what conditions remain, and how the timeline fits the offer. Budget for notarial, inspection, insurance, moving, and other closing expenses only after obtaining current transaction-specific guidance; avoid relying on a generic figure. Keep written answers, and separate facts from assumptions. Careful notarial review and clear financing questions can help you understand the obligations attached to the property before deciding whether to proceed.