Data used in the Real Estate Radar is collected by JLR from transactions published in the Quebec Land Register. This data includes all sales whether handled by real estate brokers or not.
Certain non-representative sales such as sales between related parties, multiple sales, repossession sales, partial sales and sales under $5,000 have been excluded from this analysis in order to establish the market trends. The median price is used to analyze the evolution of prices every month, quarter and semester.
To make data comparable over time, the Real Estate Radar bases its statistics on the publication date of acts in the Land Register. This date is generally within a day or two of the act’s drafting date, but more important delays sometimes occur. This method allows us to avoid retroactive corrections. The use of the act’s drafting date to establish monthly or quarterly statistics would entail constantly adding new transactions to the previous months, eliminating the possibilities for comparison.