Am I correct in thinking that these organizations have no free market competition, therefore they are guaranteed to be self-sustaining in perpetuity as they are the only player in town and get to set whatever fees they want in order to maintain the budgets they wish to operate with?
The BC LT system - the so-called Torrens System - has long been recognized as one of, if not "the", pre-eminent land title systems in the world, period. This is primarily due to the inherent checks and balances to ensure good and sound title is in fact registered - not the case in many jurisdictions around the world where "title" is often secured at the point of a gun or as part of a traditional marriage dowry; IOW formal boundaries are often extremely nebulous, ill - or not at all - defined and with little or no ability to be held up in a court of law in the event of a dispute.
Actual land title is protected in BC under the terms of the Land Title Act and de facto and de jure ownership - "title" - is documented via registration through the LTSA. Among its other responsibilities LTSA manages the land title system in a manner that protects and maintains the security of land ownership records and documents. Once land is registered, the Authority issues a Certificate of Title that represents that the named owner has ownership rights to the land. Only a person registered as Owner has the right to transfer or otherwise deal with his or her land title.
Scotland, New Zealand, Japan and other nations routinely sent delegations over to observe and review our system which is in fact a major contributor not only to the BC economy but also figures prominently in statute law - which is one reason the Director of Land Titles has always been and must be a lawyer. The org cannot however arbitrarily set title search and other fees: the BOD have to both seek and be granted stakeholder (the Legal, Surveyor, First Nations communities to name but a few) and BCG approval before any LTSA fees can be increased.