Benefits of Title Insurance

Benefits of Title Insurance

Supplied by McGuinty & McGuinty
Title Insurance Lawyers

Typical House Purchase in Ottawa-Carleton
(e.g., Purchase Price = $150,000.00 with 1 mortgage)

Without Title Insurance
Legal Fee $650.00
Miscellaneous & GST $100.00
Law Society Levy $53.50
Tax Certificate $50.00
Zoning Certificate $250.00
City Certificate
(2 Subdivision Agreements)
$50.00
RMOC Certificate
(2 Subdivision Agreements)
$50.00
Hydro Account Certificate $10.00
Hydro Work Order Cert. $30.00
Water Account Certificate $30.00
Gas Account Certificate $16.00
Province of Ontario
(Land Transfer Tax, Registration Fees, Execution Certificates, Title Search)
$1613.00
TOTAL $3,032.50
New Survey (if needed) $850.00
TOTAL $3,882.50
With Title Insurance
Legal Fee $500.00
Miscellaneous & GST $100.00
Title Insurance (Maximum) $242.75
(Condominium $234.75)
(House less than 20 yrs old $188.75)
(House more than 20 yrs old $242.75)
Province of Ontario
(Land Transfer Tax, Registration Fees, Execution Certificates, Title Search)
$1613.00
TOTAL $2,455.75
Title Insurance accepted by bank in lieu of survey
(savings of $850.00)
TOTAL $2,455.75