Nov 2, 2015 CHANGES TO THE LAND REGISTRATION FEE STRUCTURE
On December 16, 2010 the Ministry of Government and Consumer Services announced two classes of changes to the fee structure for land registration services in Ontario commencing on November 2, 2015:
- Firstly, the fee for searching properties from within land registry offices will be harmonized to be more in line with the fees for comparable searches done remotely through Teraview; and
- Secondly, some of the fees set for land registration services are to be adjusted by an accumulation of 50 per cent of inflation based on the consumer price index for each year between 2010 and 2015.
- As the fees will be adjusted by 50 per cent of the consumer price index annually, yearly communication of these changes will be made.
As a Teranet Xchange customer, please see below the revised pricing for the purchase of Parcel Register documents effective Nov 2, 2015.
PARCEL REGISTER AND INSTRUMENT IMAGES (Effective Nov 2, 2015):
|For a copy of an Active Parcel Register via PURVIEW For Lenders, including the first page:
($8.40 Statutory Fee plus $20.95 ELRSA Fee)
|Each additional page for active PINs:
($1.05 Statutory Fee plus $1.05 ELRSA Fee)
|For a copy of an Inactive Parcel Register via PURVIEW For Lenders:
($0 Statutory Fee plus $1.05 ELRSA Fee)
|For a copy of an Instrument Image:
($0 Statutory Fee plus $3.00 ELRSA Fee)
To read the full bulletin from the Ontario Ministry of Government Services, please click HERE
If you have any questions regarding these updates, please speak with your account manager or contact us directly at 1.866.237.5937 or email@example.com.
Thank you for the continued confidence you have placed in Teranet as a solution provider.