This June, I took the initiative to propose a motion requesting the Ministry of Public and Business Service Delivery to conduct a comprehensive investigation into the issue of notices of security interest, a.k.a. NOSIs, and report its findings to the House by the end of this year. I am pleased that this motion garnered support and was passed by the House.

Recently, I was delighted to see that the ministry is conducting a public consultation on the issues to address the harmful and inappropriate use of NOSIs. The issue of NOSIs has been extensively covered by the media, shedding light on the challenges faced by unsuspecting homeowners.

Regrettably, homeowners in Markham–Unionville are no exception to these difficulties.

A NOSI serves as a registration on the land registry system. It notifies third parties of a lender or a lessor’s vested interest in a fixture on the land. While NOSIs play a crucial role in the business landscape, they can, unfortunately, lead to disputes. Some unscrupulous businesses have exploited NOSIs as leverage when consumers attempt to sell their homes or seek to refinance their properties. These tactics can place an unfair burden on consumers. Consumers are forced to pay excessive amounts or engage in costly and time-consuming legal battles to have the NOSI discharged.

This ministry’s engagement with the public and stakeholders underscores the government’s unwavering commitment to creating a fair and just marketplace for consumers and businesses. I truly appreciate—