An Ontario salesperson is comparing a home in the Land Titles system with a similar home whose title is still under the Registry system. Which statement best describes how the title system bears on value?
Correct Answer
C) Title is guaranteed on the register, which aids marketability, not a set premium
In Land Titles the register itself establishes ownership, and the Land Titles Act backs it with the Land Titles Assurance Fund, which compensates people wrongfully deprived of an interest through registration errors or fraud. That certainty makes a property easier to sell and finance, but no law or appraisal standard adds a fixed premium for it.
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An Ontario salesperson is preparing a CMA for a buyer client, who asks how the provincial Land Transfer Tax fits into the analysis. How should the tax be treated?
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In Ontario's Land Titles system, which document provides the most reliable information about a property's legal description and ownership for valuation purposes?