Closing•Verified 2026-02-18
What are the common exclusions in a 2026 title policy?
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Related Questions
Why is Title Insurance now preferred over a Land Survey?
Title insurance costs $250–$500 with same-day turnaround, while surveys cost $1,000–$2,000 and take 2–4 weeks — and only title insurance covers fraud and closing-gap risk.
Is a 'Real Property Report' (RPR) still needed in Alberta?
An RPR is still requested by some Alberta lenders, but title insurance ($300, instant) is now the default substitute for most residential transactions.
How do OSFI 2026 B-10 guidelines impact title searches?
Lenders must perform 'Due Diligence' to ensure the property is unencumbered.
What closing costs should I expect as a buyer in Canada?
Budget 1.5%–4% of the purchase price for closing costs beyond your down payment. The biggest items are land transfer tax, legal fees, and title insurance. First-time buyers often qualify for rebates on land transfer tax.