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.

Personal Property Security Act

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

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