The prevailing market practice has accepted it. There's a lag between when monies are advanced in Alberta and when registration actually occurs, since they have a Torrens registry system. What originally was three to four weeks has morphed into about a four-month delay period, so all of the lenders, all of the mortgage insurers in Alberta, use what's called gap insurance or gap coverage, which is title insurance to bond over that period and protect everyone.
On May 30th, 2024. See this statement in context.