Personal Property Security Act
Learn about the Personal Property Security Act (PPSA) in Canada — what it is, how it works, and its role in securing interests in personal property.
August 01, 2025
What is the Personal Property Security Act?
The Personal Property Security Act (PPSA) is provincial legislation in Canada that governs the creation, registration, and enforcement of security interests in personal property.
Why the Personal Property Security Act Matters in Real Estate
In Canadian real estate and lending, the PPSA ensures transparency and priority when lenders take security over personal property, including equipment or fixtures.
Key points:
- Establishes a central registry for security interests
- Determines priority among multiple creditors
- Applies to movable property and fixtures
Understanding the PPSA helps lenders, borrowers, and buyers manage risk and verify ownership rights.
Example of the Personal Property Security Act in Action
The lender registered a security interest under the Personal Property Security Act to secure financing for the restaurant's equipment.
Key Takeaways
- Governs security interests in personal property
- Ensures creditor priority and transparency
- Includes a public registry of interests
- Applies to movable property and fixtures
- Critical for lending and asset transfers
6525 Mississauga Road and its surrounding context. (RBC Capital Markets & CBRE)
Property details for 6525 Mississauga Road. (RBC Capital Markets & CBRE)
National average resale-price growth and housing-starts growth, smoothed over three months. The comparison illustrates the cycle; it does not establish how much a price change causes construction to change.
Trailing 12-month starts in centres of 50,000 or more remove the usual monthly seasonality. Ownership combines the homeowner and condominium categories; rental is shown separately.
Six-month averages of provincial starts, expressed at annual rates. The smoothing reduces the influence of individual apartment projects.
The same August benchmark compared with two different starting points. Three-month changes are not annualized.
Average sale prices show the difference in purchase costs across markets. They do not measure affordability relative to local incomes or construction costs.
Newfoundland and Labrador remains above its pre-pandemic sales pattern, but August activity was below last year. Historical lines retain their original release vintages.
Average and median describe different aspects of the same month’s transactions. Both are affected by the mix of homes sold.
Category averages compare different homes and locations; the gaps are not estimates of the cost to upgrade an otherwise identical property.
The five categories shown account for 5,000 of the board’s 5,057 sales. The remaining 57 transactions were in other housing categories.
Monthly observations are not seasonally adjusted. Active listings count properties available at month-end; they are not construction inventory.
Average and median prices share one dollar axis. These unadjusted transaction measures do not control for changes in the homes sold.
TRREB’s 416/905 categories compare the apartments sold in each area. The difference does not isolate a location premium for equivalent units.
5680 Oak Street in Vancouver and its surrounding context. (MCMP Architects)
Ground-level renderings of the tower proposed for 5680 Oak Street in Vancouver. (MCMP Architects)