As a comparison, in Wisconsin you can apply for a lost title. You need to fill out the proper forms from the DMV and then have a State Patrol officer come and verify the VIN and stamp the form. It's checked for being a stolen car and if it comes back clean, a replacement title is issued. No big deal really. For better or worse, we have no annual inspections or around here or emission testing (except down in a couple SE counties, around Milwaukee area). Commercial vehicles need to have a DOT inspection done every year though and have the sticker on the left front fender.
Public insurance? Oh you Canadian's! lol I've got Grundy collector car insurance and for an agreed value of $30,000 it covers collision, comprehensive, liability, under insured/non insured motorist, spare parts, towing, etc, etc, etc. All for a whopping $178/year with no mileage restrictions. Of course it's understood the car isn't a daily driver or used for work. It is OK to drive it to work once in a while but not every day.
Both "Hobbyist" (what I have) and "Collector" plates are a one time $225 fee and that's good forever, even if you transfer the plates to a different car ($25 transfer fee only). Hobbyist is for modified cars, street rods, stuff like that. Collector is for unrestored/restored 95% stock vehicles. For either one you have to submit photo's of the exterior, interior and engine compartment plus proof of insurance. Took my plates and registration only a couple weeks to come. Restriction on the plates is the vehicle can't be driven in the month of January. They upped the fee, added the photo thing and put the restriction on because some idiots were abusing the system and buying collector plates (used to be $85) for winter beaters that just happened to be more than 20 years old. I suppose though, the yearly fee for regular plates is $65 a year (for cars) so $225 for life ain't so bad.