Title Insurance
A one-time insurance policy protecting you and your lender from title defects, fraud, encroachments, and survey issues — typically $200–$400 for the lifetime of ownership.
Title insurance is a one-time policy that protects you (and your lender) against defects in the legal title to your property — unknown liens, unpaid property taxes, survey errors, encroachments, title fraud, and zoning violations from prior owners. Unlike most insurance, it's paid once at closing and covers you for the entire time you own the home. Cost is typically $200–$400 for a residential property. Title insurance has become standard at closing in Canada in the past two decades and is required by most lenders. Primary providers include First Canadian Title (FCT), Stewart Title, TitlePLUS, and Chicago Title.