Title Insurance in Canada 2026: Lender vs. Owner Policies, Costs & What's Covered
Lender policy cost: Typically $150–$250, paid once at closing, coverage equals the mortgage amount. Owner policy cost: Typically $150–$400 depending on property value, paid once at closing, coverage lasts for the full ownership period.
Major Canadian insurers: FCT (First Canadian Title) and Stewart Title are the two primary providers accepted by Schedule I banks and most credit unions across all provinces.
Fraud & Identity Protection: Covers you if someone forges your signature to transfer your title or takes out a fraudulent mortgage against your property — a growing risk in Canada's 2026 housing market.
Hidden Liens & Encumbrances: Protects you if a previous owner left unpaid contractor bills, tax arrears, or undisclosed liens that surface after closing and threaten your ownership.
Zoning & Permit Defects: Covers financial loss if the previous owner built an addition, garage, or deck without a required permit, and the municipality orders you to remove or remediate it.
Encroachments: Covers you if a neighbour's fence, driveway, or structure is found to encroach on your property — or if your structure encroaches on theirs.
One-Time Premium, Lifetime Coverage: Unlike home insurance, you pay once at closing and the owner's policy remains in force for your entire ownership period with no renewal fees.
Major Canadian Insurers: Policies are available through providers such as FCT (First Canadian Title) and Stewart Title, typically arranged through your real estate lawyer or notary.
Expert Research FAQ
Why is Title Insurance now preferred over a Land Survey?
What are the common exclusions in a 2026 title policy?
Is a 'Real Property Report' (RPR) still needed in Alberta?
How do OSFI 2026 B-10 guidelines impact title searches?
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