WHAT’S NEW & WONDERFUL IN THE PRACTICE OF REAL ESTATE LAW!

A lot has been happening in the Real Estate business the last year.

I haven’t posted anything on the Blog for a while as the information and emails have been fast and furious.

In any event, if you practice in the Real Estate, you need to know the following:

TERAVIEW 9.0 IS BEING RETIRED IN REGION A

Teraview 9.0 is being retired on Monday, February 19, 2018 and after this date you can only access Teraview via the Web. If you haven’t obtained your RSA credentials and Token for the new system yet and you want register in these Registry Offices – you need to do so now.

LRO 2 – Brantford (Brant) LRO 20 – Milton (Halton) LRO 41 – Woodstock (Oxford)

LRO 3 – Walkerton (Bruce) LRO 22 – Goderich (Huron) LRO 44 – Stratford (Perth)

LRO 7 – Orangeville (Dufferin) LRO 24 – Chatham (Kent) LRO 58 – Kitchener (Waterloo)

LRO 11 – St. Thomas (Elgin) LRO 25 – Sarnia (Lampton) LRO 59 – St. Catherines

LRO 12 – Windsor (Essex) LRO 33 – London (Middlesex) LRO 61 – Guelph (Wellington)

LRO 16 – Owen Sound (Grey) LRO 37 – Simcoe (Norfolk) LRO 62 – Hamilton (Wentworth)

LRO 18 – Cayuga (Haldiman)

You might also want to confirm that other lawyers with whom you will be closing transactions have also upgraded to Teraview on the Web so as to avoid any closing issues.

LAND TRANSFER TAX STATEMENTS

We have been advised that the Ministry of Finance is prosecuting lawyers for false statements contained in Land Transfer Tax statements (relating to the first time homebuyer rebate, as far as we know). Pursuant to section 6 of the Land Transfer Tax Act (LTTA), it is an offence to make, participate in, assent to or acquiesce in the making of a false or deceptive statement, affidavit, return or other document prepared, submitted or filed under the LTTA. Apparently, one such lawyer has inquired of FOLA to inquire as to whether others are being investigated and/or prosecuted in an attempt to determine the extent of such actions and to possibly put those lawyers in contact with one another. If you have been or are the subject of an investigation or prosecution under the LTTA, please let me know (and confirm whether or not you wish to be connected with others).

Lastly,

TERAVIEW 9.0

Are you having problems with Teraview 9.0? If so please email Jennifer Connell at Teraview with your concerns. Her email address is: Jennifer.Connell@teranet.ca

They want to hear from Users so they can address issues you or your staff have.

I have advised her that I thought there could be changes made to the program which would “streamline” it and make it more user friendly when gaining “access” and then trying to sign for registration. They are looking into it.

BUT, if you don’t tell them you concerns or issues they can’t fix them.

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