How Much Does Title Insurance Cost in Ontario and What Does It Cover?

Title insurance in Ontario is optional and paid as a one-time premium. The exact amount depends on your purchase and the insurer, so ask your lawyer for the actual premium on your file rather than relying on a general figure.

Coverage may include unknown title defects, existing liens, encroachments, survey and public-record errors and title fraud. It generally excludes defects the buyer knew about, environmental hazards and native land claims. Residential coverage lasts as long as you own the property.

A policy is one protection among several. Ontario's land registry holds the official records of property ownership, and anyone can search them through OnLand for a fee. A person wrongfully deprived of land through fraud or registration error may also apply for compensation to the Director of Titles within six years of suffering the loss. If you are a victim of title fraud, Ontario advises reporting to local police, getting legal advice, contacting the Land Registry Office where the property is registered, speaking with your bank, and asking Equifax Canada and TransUnion Canada for a free security freeze. Ask your lawyer how a policy fits with your searches and any survey before you decide.