Under Ontario's Land Titles system, which government record shows the registered owner and the instruments affecting a property, backed by the Land Titles Assurance Fund?
Correct Answer
A) The parcel register for the property
The Land Titles Act requires the land registrar to maintain an automated index known as the parcel register and to enter every instrument affecting a property under its property identifier (s. 141(5)). A person wrongfully deprived of an interest through fraud or an error in the register can seek compensation from the Land Titles Assurance Fund (s. 57). Ontario Land Titles does not issue a certificate of title.
Why This Is the Correct Answer
Section 141(5) of the Land Titles Act requires the registrar to create and maintain the parcel register and to record every instrument affecting a property under its property identifier. The government stands behind the register through the Land Titles Assurance Fund, from which a person wrongfully deprived of land by fraud or error in the register may claim compensation (s. 57).
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