Big overhaul planned for Alberta’s Land Titles Registry
The real estate industry is a vitally important sector of Alberta’s economy. More than $50 billion in real estate transactions are conducted in Alberta every year.
The industry employs thousands, from skilled tradespeople to surveyors, engineers and architects, realtors and legal professionals. And for tens of thousands of hard-working families, their home is their biggest single investment.
A critical hub for the industry is Alberta’s land title registry system, with more than $200 million in economic activity is processed daily through these offices.
In recent years, the Land Titles Office has struggled to keep up with growing demand for its services. Following the uptick in real estate market activity, the Land Titles Office experienced an 86 per cent increase in documents submitted which, unfortunately, led to delays in processing these submissions.