Transfer of Ownership

Understand how transfer of ownership works in Canadian real estate — what’s involved in legally changing title from one party to another.

Transfer of Ownership

June 23, 2025


What is Transfer of Ownership?

Transfer of ownership is the legal process by which the title of a property is passed from one party to another, typically through sale, inheritance, or gift.

Why Transfer of Ownership Matters in Real Estate

In Canadian real estate, the transfer of ownership involves legal documentation, registration with the land registry, and often tax implications such as land transfer tax or capital gains.



The process includes:



Transfers may also occur through divorce settlements, estate transfers, or corporate restructuring.



Understanding ownership transfer helps buyers, sellers, and professionals ensure a smooth and legally compliant transaction.

Example of Transfer of Ownership in Action

Upon closing, the lawyer completes the transfer of ownership by registering the buyer as the new title holder with the provincial land registry.

Key Takeaways

  • Legally moves property title between parties
  • Involves documentation and registration
  • May include taxes and legal fees
  • Can occur via sale, gift, or estate
  • Requires title search and due diligence

Related Terms

Additional Terms

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Mortgagee in Possession

A mortgagee in possession is a lender who takes control of a property after borrower default, but before foreclosure or power of sale. The lender. more

Lease Surrender Agreement

A lease surrender agreement is a negotiated contract between a landlord and tenant that ends a lease before its scheduled expiration. Terms may. more

Green Infrastructure

Green infrastructure refers to natural or engineered systems that manage stormwater, reduce heat, and improve sustainability in developments.. more

Escrow Holdback

An escrow holdback is a portion of funds withheld at closing and held in escrow until specific conditions are met, such as completion of repairs,. more

Underused Housing Tax

The Underused Housing Tax (UHT) is a federal annual 1% tax on the value of vacant or underused residential property owned by non-resident,. more

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