A Property Identifier Number (PIN) is a unique number assigned to a specific parcel of land in Ontario, Canada, as part of the land registration and property assessment systems. The PIN is used to identify and track a particular property within the province’s land registry system, helping to distinguish it from other parcels of land.
The PIN is usually composed of two parts:
- Block Number: A specific number that identifies a block of properties within a larger geographic area, such as a township or municipality.
- Property Number: A number that identifies the individual property within that block.
For example, a PIN might look like this: “12345-6789,” where “12345” identifies the block and “6789” identifies the specific property.
The PIN is important in real estate transactions because it ensures that all legal documents, such as deeds, mortgages, and liens, are accurately associated with the correct piece of property. It helps to avoid confusion or errors in property dealings, ensuring that the legal ownership and any encumbrances are clearly recorded and traceable in the provincial land registry.