Jason Bryk 

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Manitoba Finance announces plan to transfer the Property Registry Land Titles Office to Teranet Manitoba is now available online.

The transfer of the Property Registry to Teranet Manitoba was announced in December 2012.  Teranet has made a one-time payment and will pay annual royalties to the province in exchange for the exclusive licence to provide property registry services to Manitobans.

 

Is this a good deal for Manitoba?  Will land titles fees increase?  Will the integrity of the torrens system which our economy relies upon be maintained?


Highlights of the agreement include:

* Teranet will invest in new technology to ensure services such as titles, property searches and registrations will be available through a convenient, faster and secure online system;

* Manitoba will receive annual royalty payments estimated to be $11 million, increasing to $24 million at the end of the 30-year licensing agreement;

* increases in fees have been agreed upon so consumers will see stable and predictable changes and all existing Property Registry offices will remain open; and

* data used by Teranet, such as land survey and property titles, will continue to be owned by the province and protected by privacy legislation.


To view the government's document, visit www.gov.mb.ca/finance/pdf/teranet.pdf.

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The Glasshouse April Newsletter reported today that Bockstael Construction of Manitoba has been awarded the contract to build Glasshouse Skylofts, Urban Capital’s new model of residential living for Winnipeg. Look forward to some changes in Winnipeg's skyline with the new skylofts! The $35 million Glasshouse building adds to the transformation that is taking place in the Downtown, and will leverage the synergies arising from the establishment of SHED (the Sports, Hospitality and Entertainment District) which includes the expanded RBC Convention Centre, the ALT Hotel, Centrepoint, the Met, and the updated cityplace

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Kirchner et al. v. Dielmann Holdings Ltd., 2014 MBCA 21. the Manitoba Court of Appeal dismissed the defendant's appeal of its unsuccessful motion to declare a land purchase agreement null and void and discharge a pending litigation order against its property. The defendant argued that the agreement was void for uncertainty since no dates were specified for obtaining approval of the subdivision and closing. The appeal court disagreed, noting that a court can imply a term that a subdivision was required, and that both parties must act in good faith and take all reasonable steps to complete the subdivision and the sale in order to give the purchase agreement business efficacy.

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