Posted: Jan 21, 2021 2:45 PM MT | Last Updated: January 21
Service Alberta Minister Nate Glubish is the minster in charge of land titles, corporate and personal property registries. (Government of Alberta)
The Alberta government is thinking about selling its profitable land titles, corporate and personal properties registries to a private company, according to public documents posted to its online procurement site.
Service Alberta issued a request for expressions of interest on Monday. The document said the government would be willing to offer "an exclusive 35-year concession to operate an essential services business in the province."
The registries offer potential purchasers a "robust financial profile with highly stable cash flow streams," the document said. Revenues for the three registries totalled $123.6 million in the last fiscal year.