LTSA Fee Increases in Effect
TAGS: Land Title and Survey Authority LTSA
As announced on March 1, 2023, a small increase to most Land Title and Survey Authority of BC (LTSA) services fees, including Land Owner Transparency Registry fees, is now in effect as of April 1, 2023. LTSA will use revenue from the fee increase to address the impact of inflation on operations.
Land Title Act service fees are payable to LTSA and remitted to both LTSA and the BC Government. For Land Title Act services, the fee increase is only applied to LTSA’s portion of fees, resulting in a net increase of 2.5 per cent to the overall customer fee. The myLTSA service charges, Land Owner Transparency fees, and other LTSA administrative fees have increased by approximately five per cent.
Under its Operating Agreement with the Province, LTSA may increase its portion of the Land Title Act services fees annually by the adjusted CPI amount. Under the Land Owner Transparency Act, the LTSA may set fees for filing to the Land Owner Transparency Registry. The fees collected ensure continued operation of LTSA’s services, which are an essential underpinning to BC’s private property market.
Follow this link to see the breakdown of service fee changes effective April 1, 2023.
Please email LTSA at [email protected] with any questions you may have.
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