What does the land titles system provide once property is registered?

The land titles system is designed to provide a high degree of certainty and security regarding property ownership. Once property is registered under this system, the provincial government guarantees the title. This means that the government vouches for the validity of the title, providing assurance to the owner that their ownership rights are clear and enforceable. This guarantee protects against claims that may arise from competing interests in the property, thereby minimizing disputes and enhancing the marketability of the land.

The other options do not accurately reflect the core purpose and outcome of the land titles system. While extended title searches may be useful in some contexts, they are not a mandatory requirement after property registration under this system. Similarly, private title insurance is not a requisite; rather, the government guarantee aims to reduce reliance on such insurance. The idea of an automatic grant of land use rights does not align with the purpose of the land titles system, which primarily addresses ownership and title clarity rather than land use rights. Therefore, the correct answer emphasizes the government's role in providing a guarantee of the titles once property is registered.