Maximum coverage: $5,000,000
Estimated Premium
Need title insurance for your closing?
We arrange title insurance as part of your real estate transaction.
Estimated premiums are approximate and based on publicly available Ontario residential title insurance rates. Actual premiums are determined at the time of ordering and may vary by insurer. This calculator is for informational purposes only.
How title insurance works
What is Title Insurance?
Title insurance protects property owners and lenders against losses related to the property's title (legal ownership). It covers issues like title defects, fraud, encroachments, and zoning violations that may not be discovered in a standard title search.
Owner vs. Lender Policy
Owner policy: Protects the buyer's equity in the property. Lasts as long as you own the home.
Lender policy: Protects the mortgage lender's interest. Required by most lenders.
Both: Purchasing both together is significantly cheaper than buying them separately — the second policy adds only ~$54.
House vs. Condo
Condominiums have lower premiums (roughly 30% less) because the condominium corporation's common elements insurance covers some risks that freehold properties must insure individually.
One-Time Premium
Unlike other types of insurance, title insurance is a one-time payment at closing — there are no annual renewal fees.
Quick Reference — Estimated Premiums (Both Policies)
| Purchase Price | House (Freehold) | Condominium |
|---|---|---|
| $400,000 | $496 | $275 |
| $500,000 | $496 | $275 |
| $600,000 | $593 | $372 |
| $700,000 | $690 | $469 |
| $800,000 | $787 | $566 |
| $900,000 | $884 | $663 |
| $1,000,000 | $982 | $761 |
| $1,500,000 | $1,468 | $1,247 |
| $2,000,000 | $1,954 | $1,733 |
Resale purchase, institutional lender, owner + lender policies combined. Premiums are one-time, paid at closing. Estimates only — actual premiums may vary.
Title insurance questions
How much does title insurance cost in Ontario?
The premium is a one-time charge paid at closing. It depends mainly on the purchase price (or mortgage amount), the type of property and the type of transaction. The quick reference table on this page shows our estimates for resale purchases when both policies are bought together, for example $496 for a $500,000 house and $275 for a $500,000 condominium. Use the calculator for your own figures. The actual premium is set when the policy is ordered.
Is title insurance mandatory in Ontario?
Title insurance is generally a requirement of the lender rather than of the law. Many lenders require it as a condition of the mortgage. Confirm your lender's requirements with your lawyer.
Do I pay title insurance every year?
No. It is a one-time premium paid at closing. There are no annual renewal fees.
What is the difference between an owner policy and a lender policy?
An owner policy protects the buyer's equity in the property and lasts as long as you own the home. A lender policy protects the mortgage lender's interest and is required by most lenders. Buying both together costs much less than buying them separately; the second policy adds only about $54.
Why is the premium lower for a condominium?
Condominium premiums are roughly 30% lower because the condominium corporation's common elements insurance covers some risks that a freehold owner must insure individually.
Does title insurance cover everything?
No. Every policy has coverage limits and exclusions, and what is covered depends on the policy that is issued. Your lawyer can explain the terms of the policy before closing.
Is this calculator exact?
No. It gives an estimate based on publicly available Ontario residential title insurance rates. The final premium is determined at the time of ordering and may differ by insurer. Confirm the final cost with your lawyer.
