Most Land Title and Survey Authority of British Columbia (LTSA) customer fees will increase by approximately 4% as of April 1, 2024. As announced on February 15, search of Land Owner Transparency Registry (LOTR) records will be provided at no cost, removing the current fee of $5.25 per record.
LTSA uses revenue from fees to cover operational costs and address the impact of inflation. Under the LTSA’s Operating Agreement with the Province, LTSA may increase its service fees under the Land Title Act, Land Act, Mineral Tenure Act, and Energy Resource Activities Act annually by the adjusted Consumer Price Index (CPI) amount and reviews the need for a CPI increase annually. In 2023, only a portion of the allowable CPI increase was allocated, in order to defer the impact of inflation.
Land Title Act service fees are payable to LTSA and remitted to both LTSA and the Province. For Land Title Act services, the fee increase will only be applied to LTSA’s portion of fees, resulting in a net increase of 4% to the overall customer fee. Other LTSA fees, such as myLTSA service charges, fees under the Land Act, Mineral Tenure Act and Energy Resource Activities Act and other LTSA administrative fees will increase by approximately 8%. For example, the total fee for an electronic title search will increase from $10.31 to $10.72. Land Owner Transparency Filing fees will also increase.
LTSA fees are a very small portion of the transaction fees in a real property conveyance. The BC Real Estate Association indicated the average MLS residential price in BC in January 2024 was up 10.5 per cent at $957,909 compared to an average price of $866,922, the low-point for average prices over the past two years.
View current LTSA fees and projected fees as of April 1, 2024.
As a regulated, not-for-profit statutory authority, LTSA reinvests cash from operations to continually add value in the public interest. Since its creation in 2005, LTSA has invested over $100 million to maintain operational excellence and strengthen core systems which supports ongoing enhancements and future innovations. Please email us at update@ltsa.ca with any questions you may have.