In support of the Province’s comprehensive plan for eliminating hidden ownership of real estate in BC, the Land Title and Survey Authority of British Columbia (LTSA) is responsible for developing and operating the Land Owner Transparency Registry (LOTR), as set out in the Land Owner Transparency Act (LOTA).
For the month of June 2021, LOTR received 24,628 transparency declarations related to registering an interest in land and 2,618 transparency reports from reporting bodies. LOTR has received a total of 132,439 transparency declarations and 14,584 transparency reports since required filings to LOTR began on November 30, 2020.
By November 30, 2021, pre-existing registered owners with an interest in land who are reporting bodies must file a transparency report. If a pre-existing registered interest in land is owned by a corporation, owned by a partnership, or being held in a trust, it is likely that a transparency report is required.
Property owners are encouraged to consult a legal professional to determine reporting obligations. Find out if you need to file at https://landtransparency.ca/filing.