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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.
August 28, 2008 in Legal Considerations | Permalink
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