Professional

Learn about the importance of Title Insurance in Ontario, the types of coverage available and the major providers in the industry. You can learn more about title insurance and make an informed decision:

What is Title Insurance

Title insurance was introduced in the 1990’s to the Canadian Real Estate market. It is a form of coverage that protects you against financial loss if there are problems with the title to your property, therefore, Title Insurance can help protect you from many types of losses, including:

Did you know that 49% of Residential Properties in the Greater Toronto Area have one or more hidden boundary issues? And these issues can often blow up into disputes or worse, legal action as a result of the sale or purchase of a particular property.

Professional Education for Realtors in Ontario

The BoundaryWise Academy Online Platform was designed to equip Real Estate professionals in Ontario, with essential Land, Boundary and Title Information. Learn where the risks of a real estate transactions

A new initiative launched by Protect Your Boundaries Inc. and Teranet Inc. will empower Ontario's land professionals with expanded access to the digital resources they need to thrive in a real estate and property sector being disrupted by technological innovation and the impacts of COVID-19. The expanded partnership aims to make critical land data more accessible and easier to understand for buyers and sellers. “We’re democratizing land data by compiling and explaining official property and boundary information so that it’s more accessible and easier to understand,” said Chris Kamarianakis, CEO of Protect Your Boundaries. “We’re making sure the right information gets into the right hands so people can make informed choices about what for many is the biggest financial decision that they’ll ever make.” To learn more, see the news release below.

There are dozens of moving pieces that need to align when dealing with a house sale. A lot of time and money goes into finding people the place they call home. Protect Your Boundaries offers products and services that aid in these transactions to ensure both the agent and buyer/seller are protected. Although we are surveyors at heart, we offer a group of comprehensive products that showcase our expertise from the ground up

Our last few blog posts have focused on the top four situations where a land survey plan is important: buying a home, selling a home, planning an exterior renovation (building a fence, shed, etc.) and disputing a boundary. Now we’ll look at the land survey plan itself, and the important role it plays in our system of private land ownership, which is based on properties with well-defined boundaries.

One of the oldest professions in the world, land surveying emerged along with the human desire to build large structures, from Stonehenge forward. Ancient surveyors plotted the sites of the pyramids in Egypt before the first massive building stones slid into place. The Romans established land surveying as a profession to measure and manage the conquered lands that formed their empire. Both William the Conqueror and Napoleon Bonaparte relied on precise maps to gain wealth and power.

Notable surveyors include Sir George Everest, (yes, that mountain), George Washington and Abraham Lincoln. In what would become Canada, the great explorers – including Samuel de Champlain, James Cook and George Vancouver – began the process of documenting the contours of the land on paper.

Licensed Ontario Land Surveyors and their staff, working within the Province of Ontario, have a statutory right to enter onto private property in order to perform a survey. Despite this entitlement, they often meet resistance: neighbours may object and have been known to call the police to stop what they consider an act of trespass.

The law recognizes certain circumstances when officials of government agencies and inspectors can enter onto private land without a search warrant. But this access is subject to limitations. Even fire firefighters and emergency medical services staff must abide by certain conditions when entering private land during an emergency.

Your clients can be surprised to learn that they don’t always have the sole and exclusionary use of their own land. A portion of their driveway might be used by an adjacent landowner to access a garage. A public utility may have buried wires right where a prospective purchaser wants to dig a back yard pool.

Many properties in the GTA are subject to easement rights that the real estate professional needs to be aware of and be able to explain to their clients. It is a great opportunity to help a client mitigate risk and demonstrate the added value that you bring to as a Realtor. Conversely a buyer ‘s misunderstanding can cause a closing to be delayed or even result in litigation.

Adverse possession is a proceeding by which a property owner loses his/her claim of ownership of a portion of their property to a neighbouring land owner who has established a possessory claim in a court of law.

On April 22 2015 the Law Society of Upper Canada is holding the 12th Annual Real Estate Law Summit in Toronto.

Bob Aaron, lawyer and Toronto Star columnist, will be speaking on the importance of the land survey plan in today’s real estate transaction.