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Closing•Verified 2026-02-18

What are the common exclusions in a 2026 title policy?

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Read the full research guide this FAQ was derived from for more context and strategy.

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Our systems synchronized 3 data points and regulatory frameworks to verify this technical brief.

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Title Insurance in Canada 2026: Lender vs. Owner Policies, Costs & What's Covered

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.

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Land Transfer Tax

Provincial$6,475
Municipal$6,475
Rebate-$4,000
Total$8,950
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