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



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