Mortgage Discharge explained
When you take out a mortgage, the lender registers a charge against your property's title as security for the loan. A mortgage discharge reverses this: once the balance is paid in full, the lender prepares and registers a discharge document that removes the charge, leaving your title clear of that debt.
Discharge typically happens when you pay off the mortgage, sell the home, or refinance with a new lender who pays out the old one. The process is handled through the provincial land registry, often with a lawyer or notary involved. Most Canadian lenders charge a discharge fee, which varies by province and lender, to cover the administrative work.