Title insurance is not always mandatory, but it is often required by mortgage lenders and strongly recommended to protect your ownership rights.

🔹 When is title insurance mandatory?
✅ If your mortgage lender requires it – Most lenders insist on a title insurance policy before approving financing.
✅ If you’re buying a newly constructed home – Some builders require buyers to purchase title insurance as part of the agreement.
✅ If you’re buying a resale property with a mortgage – Lenders typically want protection against title fraud or registration errors.

🔹 When is title insurance NOT mandatory?
❌ If you’re paying all cash – Some cash buyers choose to waive title insurance, though this is risky.
❌ If you already have a title insurance policy – If you refinanced recently, check if your existing policy is still valid.
❌ If you assume an existing mortgage and title policy – In rare cases, an assumable mortgage may come with a transferable title insurance policy.

Our calculator estimates title insurance based on real closing data, ensuring you get the most accurate prediction for your transaction.

First-time home buyers in Ontario can benefit from several financial incentives, including:

🔹 Land Transfer Tax Rebate:

• Ontario LTT Rebate → Up to $4,000
• Toronto LTT Rebate (if applicable) → Up to $4,475
• Automatically factored into our calculator when you select “Yes”

🔹 Other Benefits May Include:

• Government programs such as RRSP Home Buyers’ Plan
• First-time buyer incentives from mortgage lenders

Our closing cost calculator applies the rebate directly to your Land Transfer Tax estimate, so you see the actual savings immediately.