In Alberta, what happens to the title when a property transaction is completed and registered?
Correct Answer
D) A new certificate of title is issued to the new owner
Under the Alberta Land Titles Act, when a transfer is registered, a new certificate of title is issued to the new owner. The previous certificate is cancelled, and the new owner receives clear title to the property through the Torrens system.
Why This Is the Correct Answer
Under Alberta's Land Titles Act and the Torrens system, when a property transfer is completed and registered, the Land Titles Office issues a completely new certificate of title to the new owner. The previous certificate is cancelled and destroyed. This creates an indefeasible title for the new owner, providing certainty and security of ownership. The new certificate shows the current owner's name and any registered interests affecting the property.
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