Humber/Ontario Real Estate Course 1 Exam Practice

Which of the following is NOT true about the Land Titles system for recording interests in land?

1. All plans of subdivision must be registered under Land Titles but condominium projects must still be registered under the Registry system

2. A separate parcel record is kept for each property under Land Titles

3. Guarantees under Land Titles are subject to some limitations

4. Squatters' rights have no legal status under Land Titles

The correct answer is: All plans of subdivision must be registered under Land Titles but condominium projects must still be registered under the Registry system

The statement about plans of subdivision needing to be registered under Land Titles while condominium projects must still use the Registry system is not accurate. In fact, both subdivisions and condominium projects are registered under the Land Titles system in Ontario. The Land Titles system provides a more comprehensive and secure way of recording interests in land, which includes condominiums, making it unnecessary for condominium projects to revert to the Registry system. The other statements reflect true aspects of the Land Titles system. For instance, a separate parcel record for each property is indeed maintained under Land Titles, which helps in providing clear and definitive proof of ownership. Furthermore, while Land Titles offers guarantees, these are indeed subject to certain limitations, ensuring that while the system provides a level of security to property owners, it is not without its constraints. Finally, the assertion that squatters’ rights have no legal status under Land Titles is also true, as the system prioritizes officially recorded interests, thereby rendering unauthorized claims to property less significant.