Dear Real Estate Representatives, Presidents and Library Staff,
In an effort to keep real estate lawyers updated with the ever-changing situation, we have further information to be shared with the real estate lawyers in your association.
Teraview Fee Increases
This is a reminder that Teraview fees increase every year on November 1. Registration fees are now $77.62 and a parcel register (first page only) is $33.28. See the full list of current fees in Bulletin 2020-03 here.
Mortgage Discharge Escalation List
The Canadian Bankers Association (CBA) updated its list of contacts for mortgage discharges and escalations. The updated list has been posted on the Law Society website here.
Changes To Writ Fee Reporting
A notice regarding changes to the fees for writ details has been posted on the Teraview® website here.
Plan Approval And Filing
Bulletin 2020-02 details the new process for the approval and filing of plans of survey in the land registration system effective October 13, 2020. A copy is available here.
Delivering Mortgage Discharge Payments by Wire
LawPRO has posted an up-to-date list of financial institutions that are accepting mortgage discharge payments by wire, including payment instructions. See LawPRO’s Avoid A Claim Blog here for further details.
If and when we receive further information of interest to the real estate bar, we will pass it along.
Stay up to date with FOLA’s real estate information at https://fola.ca/real-estate-law.
Merredith MacLennan and Eldon Horner
FOLA Real Estate Co-Chairs