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Registry privatized

Privatizing the province's property registry will make it faster and easier for Manitobans to find and register documents, the government said Monday as it officially inked a deal with an Ontario-based service provider.

The Selinger government announced it would sell the registry to Ontario-based Teranet for $75 million more than a year ago. The two sides formally signed the deal Monday morning.

On top of the purchase price, Teranet Manitoba will pay royalties to the government in exchange for a licence to provide property registry services to the public.

 

-- staff

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