Land-Owner Transparency Report

Michael Hallet • September 22, 2021


For almost a year now lawyers and notaries have had to file a Land-Owner Transparency Declaration whenever us, as land-owners, purchased a property. If the buyer uses a company name, trust or partnership as the registered owner, the lawyer is required to file a Land-Owner Transparency Report.


That was easy, now comes the hard part. For those companies, trusts or partnerships that own property, they now need to file a transparency report for each property that they own. As of last week, the BC Land Title and Survey Authority has informed the lawyer I work with that there was approximately 200,000 – 300,000 properties owned by such companies, and only 1,100 had

already filed.


You will be hearing a lot more about this over the next month or two, but we are sending this out to let you know we are assisting clients who need help with this report. If you fit the parameters outlined above and the property was purchased prior to December 1, 2020, and they need assistance with this report, please let me know as I can put you in touch with a lawyer to help you take care of this.


The deadline to file the Transparency Report is November 30, 2021, and given the numbers above there are a couple hundred thousand to get filed, so do not procrastinate.

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MICHAEL HALLETT
Mortgage Broker

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