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Although property assessment originally came under the jurisdiction of Upper Canada, it was transferred to Ontario municipalities in 1849. Over time, each municipality developed its own assessment system and methods of valuing property. This resulted in inconsistencies in property assessment and the distribution of property taxes.
The journey of buying a property is incomplete without property registration; you need all the necessary documents before the property can lawfully be yours. While there is a contract between you and the seller, a change of ownership only occurs after the property is legally registered under your name in the government's data.
In Canada, different provinces have enacted different requirement to register property (land registry), as in on a physical sheet of paper, or now digitally on an electronic device, but a registration is mandatory no matter what for legal purposes, all of which need to be accessed at a centralized government land registry office. [11]
The Property Registry of Manitoba Ontario: RSO 1990, c. P.10: Service Ontario New Brunswick: SNB 1993, c. P-7.1: ACOL (electronic service only) Nova Scotia: SNS 1995-96, c. 13: ACOL (electronic service only) Prince Edward Island: SPEI 1997, c.33, also referred to as c. P-3.1: ACOL (electronic service only) Newfoundland and Labrador: SNL 1998, c ...
Established in 1997, the Real Estate Council of Ontario is a not-for-profit corporation that regulates the trade of real estate in Ontario in the public interest. On behalf of the Government of Ontario , it administers and enforces the Real Estate and Business Brokers Act , 2002 and its regulations.
The Trespass to Property Act is a statute enacted by the Legislative Assembly of Ontario, Canada. It addresses illegal entry onto private property, or trespass to land. The current Act was amended most recently in 2016. [1]