When you’re buying a home, there’s a lot to juggle—negotiations, inspections, mortgages, legal paperwork. It’s no wonder some things feel like just another box to check. But title insurance isn’t just paperwork—it’s one of the smartest protections you can put in place.
Let’s break down what title insurance actually is, why it matters in Canada, and how we help make it easier by covering up to $400 of the cost when you buy with us.
❓ What Is Title Insurance?
Title insurance is a one-time policy that protects you from financial losses related to issues with the legal ownership—or “title”—of your property. Even though your lawyer will complete a title search before closing, not every issue can be spotted ahead of time. Most lenders in Canada require title insurance as a condition of mortgage approval to protect their financial interest in the property.
Title insurance acts as a safety net if something unexpected slips through or arises after you’ve taken possession.
🛡️ What Does Title Insurance Cover?
Here are some of the most common problems title insurance helps protect against:
✅ Title Fraud
If someone steals your identity and illegally sells or remortgages your home, title insurance can help with legal costs and restoring ownership.
✅ Errors in Public Records
Typos or incorrect legal descriptions can lead to complications later when you try to sell or refinance. Title insurance covers those clerical mistakes.
✅ Undisclosed Liens
If the previous owner left behind unpaid taxes, utility bills, or condo fees, those debts could become yours. Title insurance helps cover those surprises.
✅ Zoning or Permit Issues
Say the last owner finished the basement or added a deck without proper permits. If the city flags it, you might be fined or forced to remove it—unless you’re protected.
✅ Boundary Disputes
If a fence, driveway, or shed was built slightly over the property line, title insurance can help resolve the issue and cover associated costs.
How Much Does Title Insurance Cost in Canada? 💸
Title insurance is typically a one-time cost paid at closing. Most residential policies range between $400 and $850 (or more), depending on your home’s value and the insurer.
Once purchased, you’re covered for as long as you own the home—no renewal fees, no ongoing premiums.
⚖️ Lender vs. Owner Title Insurance: What’s the Difference?
- Lender’s Policy: Required by your mortgage provider to protect their interest.
- Owner’s Policy: Optional but highly recommended—it protects your financial stake.
A lot of buyers assume they’re covered if the lender has a policy, but that only protects the bank. We always suggest getting the owner’s policy too.
🤝 We’ll Cover Up to $400 of the Cost
We know home buying comes with a long list of expenses. That’s why when you purchase a home with us, we’ll cover up to $400 toward your title insurance policy—just one more way we go the extra mile to support our clients.
🏡 The Bottom Line
Title insurance might not be the flashiest part of the buying process, but it’s one of the most valuable. From fraud protection to unexpected liens or permit issues, it’s peace of mind you’ll be glad to have.
And with us, the first $400 is on the house.
