LOTR is a registry of interests in land (shareholders, beneficial interest owner of a trust, partners in a partnership), which registry will be a searchable and public database. Whenever an interest in land is registered or created a transparency declaration must be filed so as to declare whether or not the transferee is a reporting body. 

HomeEquity Bank, owned by Canadian private equity firm Birch Hill Equity Partners Management Inc., is the country’s largest reverse-mortgage provider, with about CA$4 billion of assets. Reverse mortgages are an attractive asset for Canadian banks because their average term is 10 years or longer, while conventional mortgages in the country typically last five years, Ranson said in an interview.

The Valley housing boom, which continued into the fall, reflects a switch in housing demand that has seen people opting to move from central urban cores to suburban locations as more are working from home and others seek more housing space for less money.