Mortgage Closing Research

Title insurance protects Canadian homebuyers and lenders from financial loss caused by title defects, fraud, undisclosed liens, survey errors, and encroachments. In 2026, virtually all Canadian lenders require a lender title insurance policy as a condition of mortgage funding — but that policy only protects the lender, not you. This guide explains the critical difference between lender and owner policies, what each covers, approximate costs, how title insurance compares to a Real Property Report (RPR) in Alberta, how Quebec's notarial system differs, and which major Canadian insurers — including FCT (First Canadian Title) and Stewart Title — offer coverage.