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Real Property LawLand Registration SystemsONEASY

Under Ontario's Land Titles system, what is the primary benefit of registered title ownership?

Correct Answer

D) The government guarantees title and compensates losses from registration errors

The Land Titles system provides government guarantee of title, meaning the province compensates owners for losses caused by registration system errors. This is the fundamental protection that distinguishes it from the Registry system.

Answer Options
A
Property taxes are automatically reduced by 50% once the title is registered
B
The owner can sell without a lawyer's involvement, since title is already certified
C
Title insurance is never required by lenders for mortgage financing
D
The government guarantees title and compensates losses from registration errors

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Key Terms

Land Titles systemgovernment guaranteeindefeasible titleLand Titles Assurance Fundregistration errors
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