Protecting your title
In 2005, the new Land Registry system was implemented - the first significant change to how we register property in Nova Scotia in 250 years. Since we reported on it in 2006, the province has made further improvements to streamline the process and save time.
Overall, the paperwork to convert a property into the new system originally took an average of 230 minutes. By the end of March 2007, the same transaction took only 100 minutes, saving lawyers' time and making buying, selling and refinancing easier and faster for all Nova Scotians.
The new online submission of documents such as deeds and mortgages is saving time and trees. The amount of paper submitted has decreased by more than 80%. Electronic filing is really catching on too. By the end of June 2008, 76% of all documents were being submitted electronically, more than double the previous year.
Besides the time and cost savings, Nova Scotia land owners benefit from:
- improved fraud prevention for their land title, and
- the ability to resolve title disputes with the Registrar General, rather than having to go to the Supreme Court.
