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 |
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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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