Hate to be the Grinch but Major price increases for Property Searchs November 1

[Dave2]

For those using Terranet major increase in prices. ALMOST 400% FROM $8.00 to $30.00.  

Better get your searches done in October.

I expect price increases from Tri target and OTS.    

[mountainman]

For those using Terranet major increase in prices. ALMOST 400% FROM $8.00 to $30.00.  

Better get your searches done in October.

I expect price increases from Tri target and OTS.    

I am Mountainman.

Unless my friend Dave is making a lark,

I am afraid that he is off the mark,

Two weeks shall pass,

And a search will not cost your a@#,

Mountainman has spoken,

The system will not be broken,

The cost shall not increase four-fold,

Until I am quite old,

The owners are not those who we elect,

And our fine Ms. Wynne will not permit them to wreck,

Nor to multiply that what we call profit,

So as to line their own pocket.

For I am Mountainman.

[Dave2]

I am Mountainman.

Unless my friend Dave is making a lark,

I am afraid that he is off the mark,

Two weeks shall pass,

And a search will not cost your a@#,

The cost shall not increase four-fold,

Until I am quite old,

The owners are not those who we elect,

And our fine Ms. Wynne will not permit them to wreck,

Nor to multiply that what we call profit,

So as to line their own pocket.

For I am Mountainman

twas midnight on the night of Halloween,
 
and no mountainman was to be seen,
 
he was hiding in his cave,
 
to avoid the monsters hired by Dave,
 
Finally he thought he would get through,
 
but alas he forgot about Dave one's clone; Dave2,
 
as the dawn was breaking with the lightening of the sky,
 
He finally thought he would get by,
 
but Dave2 worried only about just the facts
 
and was armed with the ulimate tax sale ax,
 
the aptly named Premier Wynne Tax,
 
as the vultures gathered in the November sky,
 
looking for their meal very close by,  
 
and as Mountainman faced drawing his last breath
 
he remembered the only sure things in life were (Wynne?) taxes and de---h
 
with his last wish Mountainman said death was not to be
 
because it was not a tax, just a fee.  

Dave2 said this time you Wynne, I will give you a bye,

and you will not go to your place in the sky

but in future when you hear the midnight bell utter its gong,

next time you will realize I am rarely wrong.

but to celebrate your reprieve,

we will give you a flu shot in honour of your achieve

[mountainman]

I am Mountainman.

Unless my friend Dave is making a lark,

I am afraid that he is off the mark,

Two weeks shall pass,

And a search will not cost your a@#,

The cost shall not increase four-fold,

Until I am quite old,

The owners are not those who we elect,

And our fine Ms. Wynne will not permit them to wreck,

Nor to multiply that what we call profit,

So as to line their own pocket.

For I am Mountainman

twas midnight on the night of Halloween,
 
and no mountainman was to be seen,
 
he was hiding in his cave,
 
to avoid the monsters hired by Dave,
 
Finally he thought he would get through,
 
but alas he forgot about Dave one's clone; Dave2,
 
as the dawn was breaking with the lightening of the sky,
 
He finally thought he would get by,
 
but Dave2 worried only about just the facts
 
and was armed with the ulimate tax sale ax,
 
the aptly named Premier Wynne Tax,
 
as the vultures gathered in the November sky,
 
looking for their meal very close by,  
 
and as Mountainman faced drawing his last breath
 
he remembered the only sure things in life were (Wynne?) taxes and de---h
 
with his last wish Mountainman said death was not to be
 
because it was not a tax, just a fee.  

Dave2 said this time you Wynne, I will give you a bye,

and you will not go to your place in the sky

but in future when you hear the midnight bell utter its gong,

next time you will realize I am rarely wrong.

but to celebrate your reprieve,

we will give you a flu shot in honour of your achieve

I am Mountainman

You dare mock me?

Two revolutions and you shall see

You are wrong and I am right

So then on you a blight

Mock me no more

I find this quite the bore

For i am Mountainman

[Dave2]

Mountainman:

In all seriousness I hope you are right and title search price increases get delayed as long as possible.  If you haven't noticed there is a lot of property up for tax sale this month (especially close to Toronto) and checking them out will cost even at old rates.  I will be happy to treat you to an irish flu shot per year if you have the power to delay them for as long as possible. 

Title searches are just the beginning.  I have spent close to $1,000 just to PROPERLY search one property earlier this year that I walked away from because of what I found.  Unfortunately it is an unavoidable expense and I hope you were not the poor person who found out the hard way last Thursday among the crowd at Wasaga Beach. 

I expect someone will walk away from their deposit again like someone else did last year.  Revenue Canada folks want their money and no tax sales do not protect you from an expensive $14,000 lesson.  That property is turning out to be a gold mine for the local treasurer. 

[Matt]

I honestly did not know what the Irish Flue Shots were until I saw the picture.  Haha.

Witty Dave2, you can be a good poet.
Mr. Mountainman, here comes your challenger.

Looking forward to a rhyming championship title match between the reigning champion Mountainman and the designated challenger Dave2...

Enthusiastic Thumbs Up!! 

[mountainman]

I honestly did not know what the Irish Flue Shots were until I saw the picture.  Haha.

Witty Dave2, you can be a good poet.
Mr. Mountainman, here comes your challenger.

Looking forward to a rhyming championship title match between the reigning champion Mountainman and the designated challenger Dave2...

Enthusiastic Thumbs Up!!  

I am Mountainman

You!

Too?

Stop it

Or you'll be in $^it.

There is no increase

I want this to cease.

Tomorrow...

Dave will eat crow.

Offend me no more

My reputation shall grow.

This is no joke

So please don't make me choke.

Soon you shall see

Then never doubt me!

Yes I am angry

So just let me be.

For I am Mountainman.

[Dave2]

Looking forward to a rhyming championship title match between the reigning champion Mountainman and the designated challenger Dave2...

Enthusiastic Thumbs Up!!      

Matt:

Sorry but Mountainman can reign supreme as king of the mountain on poetry.  No time.  

I have other things to do as you might figure out on based on the next post.

I will not find out if I have egg on my face on price increase timing
until end of the week as I have this week covered.

For rest of month I feel like a lone arctic wolf as the annual caribou migration passes through my hunting territory.  

Actually I can afford a lot of Irish flu shots for mountainman if he is right and I am wrong on my savings and he better have a designated driver. 

[Dave2]

I honestly did not know what the Irish Flue Shots were until I saw the picture.  Haha.  

Matt:

I hate to tell you but Mountainman will not get his Irish Flue shot.  

To add insult to injury now they now have added an HST charge
and I guess I pay another (almost) $4.00 extra that I was not counting on.  

So 400% price increase it is.  This is going to get to be an expensive business.  

I guess I had better think of my last wish now as the soon to be former Dave2 will obviously be hung drawn and quartered by the rest of the board when they get wind of this.

[Matt]

Dave, I have noticed today the price increase by OTS for a title search to about $150 for non-members.
Well, everything goes up, so why not the government service fees.

Here comes the real matter.
You are going to see more tax sale mistakes as more people will take huge chances without going through proper title searches..
That also means, as you have already mentioned, there will be more gold mines for municipalities.

[mountainman]

I honestly did not know what the Irish Flue Shots were until I saw the picture.  Haha.  

Matt:

I hate to tell you but Mountainman will not get his Irish Flue shot.  

To add insult to injury now they now have added an HST charge
and I guess I pay another (almost) $4.00 extra that I was not counting on.  

So 400% price increase it is.  This is going to get to be an expensive business.  

I guess I had better think of my last wish now as the soon to be former Dave2 will obviously be hung drawn and quartered by the rest of the board when they get wind of this.

I am Mountainman

Think what you wish

I am no cute dish

nor for a search is it more

the cost is as before

for the truth ask a man of the law

but remember to grease his paw

the lawyer will know

the answer is no

Her Majesty charges no more

but enough of this bore

play in your sand

and make the odd thousand

but let me be clear

to Dave my dear

8 digits or more I will amass

so again I kicked your big &^$

For I am Mountainman

[jt]

Price on Teranet express is as it was before.  Price at LRO has increased.  It was always $28 for remote viewing at Teranet express. 

I suspect Mountainman's insistence that there is no fee increase is based on the price of Teranet express only.  Most lawyers weren't wasting time going to the LRO to search, so the increase shouldn't really affect the price if you are getting a search done through a lawyer.  If you were a DIYer and were driving to the LRO, the price went up. 

I might be the only one here who thinks this is a good thing.  I always do remote searches anyway and am pretty selective about which properties I do due diligence.  So the price for me hasn't changed.  However, the increased price might make others a bit more selective about which properties they look into which might mean there are more deals to be had.

Frankly, I'd like to see the prices go up to $150/search.

[mountainman]

Price on Teranet express is as it was before.  Price at LRO has increased.  It was always $28 for remote viewing at Teranet express. 

I suspect Mountainman's insistence that there is no fee increase is based on the price of Teranet express only.  Most lawyers weren't wasting time going to the LRO to search, so the increase shouldn't really affect the price if you are getting a search done through a lawyer.  If you were a DIYer and were driving to the LRO, the price went up. 

I might be the only one here who thinks this is a good thing.  I always do remote searches anyway and am pretty selective about which properties I do due diligence.  So the price for me hasn't changed.  However, the increased price might make others a bit more selective about which properties they look into which might mean there are more deals to be had.

Frankly, I'd like to see the prices go up to $150/search.

I am Mountainman

my friend jt is a rarity

to this board he brings clarity

the fee is as before

Her Majesty charges not a penny more

For each Her Highness receives in dollars eight

the rest to the conglomerate who rate

So now it is quite nice

that all will face the same price

For I am Mountainman

[Dave2]

Price on Teranet express is as it was before.  Price at LRO has increased.  It was always $28 for remote viewing at Teranet express. 

I might be the only one here who thinks this is a good thing.  I always do remote searches anyway and am pretty selective about which properties I do due diligence. 

JT:

There were a number of changes (eg. execution searches also went up.) and I have not reviewed entire list.  Interesting in that I do most of my searches in the registry office so I can get access to historical documents if I need them.  (e.g. to help assess environmental risk.)

Basic issue is the cost of the lowest cost search has gone up significantly and the cost of a basic title and execution search combo is now a minimum $40 - $50 per property.  This can add up quickly.

Eg. in the upcoming Port Hope sale (which most people will not have information on yet I am looking at a $1,200 to $1,500 outlay.) for only one tax sale. 

Add to this cost of bank drafts and this becomes an expensive hobby. 

[jt]

Apart from the LRO search increase, the other increases just adjust the price based on CPI - just keeping pace with inflation.  They aren't even incrementing by the full CPI...only 50%.