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Who says you own your house?

Teranet does!

Teranet is an 'Income Trust' that operates the electronic Land Registry system in Ontario, by authority of the Provincial Government and holds a monopoly on recording real estate transactions in Ontario that lasts through 2017. Teranet takes a share of the fee every time a house changes hands in the province. Last year, the trust took in $254-million of these fees.

According to an article in today's Globe and Mail, Teranet is a candidate to be bought-out by private equity funds »

August 28, 2008 in Legal Considerations | Permalink


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