Title insurance protects property owners from losses of title defects that are/were unknown at the time of purchasing the property.

What does title insurance cover?

Title Risks:

  • Someone else claiming an interest in your title
  • Fraud, forgery and false impersonation affecting the validity of your title
  • Existing liens against the title including realty tax arrears and municipal utility charges

Off-Title Risks:

  • Violations of municipal zoning by-laws
  • Many forms of encroachments onto the property or adjoining land
  • Existing work orders
  • Lack of legal access to the property
  • Unmarketability of land due to adverse matters that an up-to-date survey/Real Property Report (RPR)/Building Location Certificate would have revealed

How much does title insurance cost?

Typically a one-time premium of about $250. This is paid at your meeting with you lawyer when you close on your purchase.

Who do you get title insurance from?

The main insurer in BC is Stewart Title: https://www.stewart.ca/