What is “Title”?
The word “title” is a legal term that means you have
legal ownership of property. You obtain title to property
when the owner signs the deed (transfer document) over to you. Title is
then registered in the government’s land registration system.

What is Title Insurance?
Title insurance is an insurance policy that protects residential or commercial
property owners and their lenders against losses related to the property’s
title or ownership.

Do I Really Need Title Insurance?
Title insurance is not a requirement in Ontario. The decision on whether
or not you should purchase title insurance should be discussed with your
lawyer, title insurance company or insurance agent/broker, to fully
understand what type of protection title insurance can provide you, and
to determine if other options exist. Once you get all the facts, you can
make an informed decision based on your specific situation and needs.
It is important to keep in mind that title insurance does not replace legal
advice when purchasing property.

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