For more than 20 years, Teranet has been a pioneer in electronic land registration, working with the government of Ontario to allow thousands of customers of the government and end users access to some of the most innovative online property and writs applications in the world.
1991 Teranet is established as a Public-Private Partnership with the Province of Ontario to convert and automate Ontario's land registration system. This project involved converting a 200-year-old paper-based system to an electronic database with records for more than five million parcels of land.
1995 Teranet launches Teraview®, a cutting-edge application which allows end users to remotely search the Province of Ontario Land Registration Information System (POLARIS®) and view and print property parcels and images of documents.
1997 Teranet makes an agreement with the Ministry of the Attorney General to operate Ontario's Writs System.
1999 Teranet launches the first electronic registration through its Teraview application.
2000 - 2002 Teranet launches remote Writ Filing services and Provincial Wide Writs search capabilities.
2001 Teranet introduces the GeoWarehouse® channel. This was the company’s first large-scale value-added product, built upon Ontario land registration data, providing real estate professionals with access to property sales information such as date of sale and sales price. The GeoWarehouse application has evolved to include property assessment as well as neighbourhood demographic information and streetscape imagery.
2002 Teranet launches Purview® in Ontario. The Purview channel is an online automated valuation and fraud detection service offering risk and credit managers powerful risk management resources and applications. In 2005, Teranet began to expand its coverage nationally.
2003 The Government of Ontario sells its 50 percent stake in Teranet to a consortium of private sector investors.
2004 Teranet launches a Bulk Writ Filing product to address large volume filing institutions
2006 The Teranet Income Fund completes an Initial Public Offering.
2008 Teranet acquires Do Process Software Ltd. and its flagship product, The Conveyancer®, which provides the legal community with a software application that manages the workflow and information required in real estate transactions. Do Process also offers a suite of software solutions, including Will Builder™, Fast Company™ and Estate-a-Base™ applications.
2008 Teranet is acquired by Borealis, the infrastructure investment arm of the Ontario Municipal Employee Retirement System (OMERS), one of Canada’s largest pension funds.
2009 Teranet and the Province of Ontario complete a modernization of POLARIS and launches a redesigned GeoWarehouse offering.
2010 Teranet holds its inaugural Customer Experience survey for the Value Added Solutions line of business, generating a score of 84.7%.
2010 Teranet completes the automation and conversion of qualified properties in Ontario, representing more than 99.9% of the province's parcel base.
2010 The Government of Ontario extends Teranet’s exclusive licenses for the ELRS and Writs System for an additional 50 years to 2067.
2010 Teranet scores 86% in the Ministry of Government Services end-user survey for the Electronic Search and Registration line of business.
2011 Teranet generates a score of 86.2% in the second annual Customer Experience survey for the Value Added Solutions line of business, an increase of 1.5% for the previous year.
2011 Teranet scores 89.5% in the annual Ministry of Government Services end-user survey for the Electronic Search and Registration line of business, representing an increase of 3.5% from the previous year.
2012 Teranet and the Province of Manitoba enter an agreement in principle for a long term license to operate The Property Registry. Teranet Manitoba would be granted an exclusive 30 year license to operate on behalf of the Province of Manitoba.
2012 Teranet scores of 87.6% in the annual Customer Experience survey for the Value Added Solutions line of business, an increase of 1.4% from the previous year.
2012 Teranet garners 89.4% in the annual Electronic Search and Registration customer Experience Index survey.
2013 Teranet garners 88.8% in the annual Electronic Search and Registration customer Experience Index survey.
2013 Teranet scores 86.1% in the annual Customer Experience survey for the Value Added Solutions line of business.
2014 The Property Registry is officially transferred from the Province of Manitoba to Teranet Manitoba LP in a deal that would see the company own and operate The Property Registry over a 30-year term.
2014 Teranet acquires an interest in Foster Moore International Limited, a New Zealand based global market player in the government registry sector, specifically Business, Secured Transaction, and Occupational Registries.
Teranet Today Teranet owns and operates one of the most efficient and sophisticated electronic land registration systems in the world with more than 400 knowledge workers and facilitates the delivery of electronic land registration services on behalf of the Province of Ontario; and about 125 employees across Manitoba who process Land Title and Personal Property registries for The Property Registry.