Going digital


Digital cameras led to the demise of printed photos; digital music to the disruption of the CD industry. In Ontario, all real estate transactions are done through the electronic registration database, otherwise known as Teraview. Everything is done electronically: preparing deeds and mortgages, signing them, and registering them. So why do you have to sign so much paper when you are buying or selling a house?

The main issue is being able to give proof to a seller or buyer that you have in fact approved of the terms of the agreement. There is currently no way to do so electronically, and so we have to have you sign many documents before we can complete your purchase or sale.