Articles & Information
Electronic Registration
Most properties in Ontario have now been converted from paper to electronic registration, including the Registry Offices in Toronto, Durham Region, Peel, The City of Kawartha Lakes, Northumberland, and Peterborough. (There are some properties, even in “fully converted jurisdictions”, that remain in paper registration for various reasons.)
Electronic registration allows your lawyer to electronically register real estate documents from their desktop computer using a special security key and after obtaining the written authorization from requisite parties. The electronic registration system also allows for the searching of title from a desktop computer.
Because the electronic registration system does not universally allow for the electronic transfer of closing funds, money must usually be physically delivered from one law office to the other, often by courier (although, sometimes, a direct deposit to the other lawyer’s trust account can be arranged), and therefore the closing process is not as speedy as the concept of instantaneous electronic registration may imply.