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Is Title Insurance Required?
As a real estate broker, I highly recommend obtaining title insurance, even if it is not required. While the one-time premium may seem like an added cost, it provides valuable protection and peace of mind. The cost of resolving title issues can be substantial, making title insurance a worthwhile investment.
The best part? Once you purchase a title insurance policy, it remains in effect for as long as you own the property. So, even if you plan on staying in your home for years to come, you can rest easy knowing you’re protected.
If you didn’t obtain a title insurance policy when you first purchased your property, don’t worry! You can still purchase a policy after the fact to protect yourself from any potential title issues. Contact your real estate lawyer or visit a title insurance provider’s website for more information.
How Much Does Title Insurance Cost?
As a real estate broker in Ontario, one of the questions that I frequently receive from clients is “How much does title insurance cost?” It’s a valid question and one that can be tricky to answer without some background knowledge.
Title insurance is a form of insurance that protects you, the property owner, against any financial loss or legal issues that may arise from defects in the title of the property. This can include issues such as liens, encumbrances, fraud, or errors in public records. Essentially, title insurance provides an extra layer of protection to ensure that you can enjoy your property without any unexpected surprises.
So, how much does title insurance cost? The short answer is that it depends on several factors, including the type of property, its value, the mortgage, and the title insurer. Premiums are a one-time fee, typically paid at the time of closing, and are not a monthly expense.
In Ontario, there are four main title insurance companies: Title Plus, First Canadian Title, Stewart Title, and Chicago Title. Each company has their own set of rates and fees, which can vary depending on the property and mortgage details.
To give you an idea of what to expect, let’s take a look at some example quotes for a resale single-family home with a bank mortgage:
Purchase Price: $500,000, Title Insurance Premium: $442.00
Purchase Price: $750,000, Title Insurance Premium: $712.80
Purchase Price: $1,000,000, Title Insurance Premium: $982.80
It’s important to note that these figures are provided as examples only, and your specific quote may differ. To obtain an exact quote for your property, you can visit the title insurance provider’s website or contact your real estate lawyer.
While title insurance is not mandatory in Ontario, it is strongly recommended as it provides an extra layer of protection for your investment. The cost of title insurance is a small price to pay for the peace of mind that comes with knowing that your property is protected.
In conclusion, the cost of title insurance varies depending on several factors, and it’s important to obtain an exact quote for your property. As a real estate broker, I always advise my clients to consider title insurance as part of their overall investment in a property. The small premium paid upfront can potentially save you from unexpected legal or financial issues down the road.
Savory Chicken and Shrimp Lettuce Wraps
California dreaming of these savory chicken and shrimp lettuce wraps from my favorite West Coast spot, California Kitchen! 
Tried to do this for myself at home and turned out delicious! Have a look!
Recipe here: https://youtu.be/cp0V6v6wy1M
#CaliforniaKitchen #ChickenShrimpCabbageRolls #FoodieFaves #WestCoastCravings
Podcast: Play in new window | Download
Solange Restaurant Interview! Coming Soon!
Ready for a taste of the exotic? 
Join us this Saturday for an exclusive interview with the owner of Solange restaurant and discover the secrets behind their mouth-watering cuisine! 
#SolangeInterview #FoodieFrenzy #TasteTheExotic #ComingSoon
Podcast: Play in new window | Download
Business Space and Equipment for Sale | 336 Central Ave.
Ready to take over a thriving renovated commercial space equipped with quality restaurant equipment and make it your own? Be your own boss and own this turn key opportunity! Now with a slash on the price!
Here are the reasons you will ❤️ this business opportunity!
🥗 Set up for a take-out restaurant or potential eat-in establishment
💵 Price includes all chattels and leasehold improvements
⏲️ Chattels and improvements are less than 5 years old
👯♀️ Close to 5 years of community loyalty
🛋️ Recently renovated interior/exterior on both sides of the counter
🌆 Located in a mature community close to a school, church, and lots of housing
🏢 Building was recently renovated for a restaurant takeaway establishment and has the potential for dine-in too. Buyer to verify any necessary retrofits essential for a dine-in establishment.
🥘 Chattels included are extensive and include glass-front 3-door freezer, 3-door fridge, 2-door fridge, and a single door freezer, Granite top w/subway tile Welcome Center with drop-down black table top counter with 2 drawers, Cash Register, Sensors, and Chimes on the doors with Bell alarm system, 12 FT Hood Range System – with all approved and inspected sprinkler system- Installed brand new, Inspected – Engineered & Approved Drawings, Blogget Convection Oven with 4 Racks, Vulcan Deep Fryer with 2 baskets, Vulcan Grill with stand, Vulcan Oven Gas Oven with 6 burners with 3 Racks Grease Trap, only to name a few
🕣 Everything was Installed Brand new in 2018, not even in the 5th year of depreciation almost brand new
🧽 All equipment has been well maintained and Hoods are cleaned and maintained every 3 Weeks
☝️ This business currently offers catering, takeaway orders, prepared dishes, and meals ideal for a busy families. A similar business model would be ideal however, other options are possible with this turnkey flexible setup
Do note: Recipes are not included, but this won’t stop you from establishing your own, Hit the ground running upon stepping in and Start making money from day one!
Don’t wait any longer and send me a message!
#business #forterie #forsale #forsaleinFortErie #BusinessOpportunity #Location #Equipment #slashedPrice
Commercial Space For Rent | 2 LEWIS Street, Fort Erie, Ontario
Bring your commercial business needs to this amazing space! Endless possibilities within your reach like the super high ceiling of this space!
See all the amazing features that this quality commercial space offer below:
🏙️ Large Main floor Open space with easy access to all
🚗 Ample parking spaces for both customers and employees
🌬️ Air conditioned
🏢 Located in a well maintained building
⬆️ 15 foot ceilings
🚚 11.5 ft garage door access at the front making accessibility easy for large items
🚏 Minutes from busy downtown Fort Erie!
☝️3440 sq ft.
🚪 Has office space, washroom and plenty of storage
🌆 Great location, close to all amenities, all quick service restaurants, QEW, Peace Bridge, and very easy for customers to find in the Niagara Region!
This property will fit your unique needs! Contact me today and let me help you make it a reality!
#commercialspace #forlease #forrent #forterie #business #opportunity #businessinForterie #Forterie
Home for Sale! 13 Findlay Crescent Fort Erie Ontario
A change of scenery? This beautiful property is now available for purchase and ready for a fresh start with endless possibilities!
Here are the reasons you will ❤️ this property!
🏡 Wonderful bungalow
🪴 Situated on a premium sized intown lot
🌆 Great location
🏊♂️ Inground pool
👨👩👧 Maintained by Same family for many years
🛋️ Fully finished up and down ☀️ Huge 3 season sunroom
🔥 With a gas fireplace to heat up of those chilly evenings
🏙️ Close to all the uptown amenities
🚏 Quick easy access to the Peace Bridge, QEW, and schools
🪵 Hardwood flooring on the main floor, attached garage
🌻 Covered front porch
Contact me ASAP to start the next chapter of your home ownership journey!
#RealEstate #LuxuryRealEstate #DreamHome #mansion #movingtoFortErie #LivinginFortErie #RealEstateGoals #bungalow #Canada #Ontario #CrescentPark #RealEstateInvesting #InvestmentProperty #HomeBuyer #HomeSeller #HomeDecor #InteriorDesign #Architecture #HouseHunting #PropertyInvestment #RealEstateAgent #RealEstateLife #RealEstateExpert #HousingMarket #PropertyDevelopment
Motivational Monday!
“Owning a home is a keystone of wealth-both financial affluence and emotional security.”
-Suze Orman
Indeed it is.
Here are some listings of what’s available in Fort Erie to give you a headstart!
1. 427 Buffalo Rd – https://tinyurl.com/4xx9ekzz
2. 4680 Bowen Rd – https://tinyurl.com/5n6pjzbp
3. 13 Findlay Cres – https://tinyurl.com/3rtpcj3v
Use this link to find more: https://tinyurl.com/2zhjhtyu
Restaurant for Sale in Fort Erie, Niagara
If you’ve been dreaming of owning your own restaurant or expanding your existing business, this video is for you. Located in 336 Central Ave, Fort Erie, this restaurant boasts 5 years of community loyalty to a well-established takeout restaurant with a recently renovated interior/exterior on both sides of the counter. Located in a mature community close to a school, church, and lots of housing. The building was recently renovated for a restaurant takeaway establishment and has the potential for dine-in too. Buyer to verify any necessary retrofits essential for a dine-in establishment.
Chattels included are extensive and include glass-front 3-door freezer, 3-door fridge, 2-door fridge, and a single door freezer, Granite top w/subway tile Welcome Center with drop-down black table top counter with 2 drawers, Cash Register, Sensors, and Chimes on the doors with Bell alarm system, 12 FT Hood Range System – with all approved and inspected sprinkler system- Installed brand new, Inspected – Engineered & Approved Drawings, Blogget Convection Oven with 4 Racks, Vulcan Deep Fryer with 2 baskets, Vulcan Grill with stand, Vulcan Oven Gas Oven with 6 burners with 3 Racks Grease Trap, only to name a few, making it a prime investment opportunity in the hospitality industry. Join us as we take a closer look at this fully equipped restaurant and explore the potential it holds for your business
Title Insurance in Canada: What Does it Cover?
When you purchase a property in Canada, you want to be sure that you are the rightful owner with the right to use and enjoy the property. Title insurance provides protection against any unforeseen or unknown issues that may arise with the title to your property. In this blog, we will discuss what title insurance covers in Canada.
Unknown Title Defects
Title insurance covers unknown title defects that could affect your ownership of the property. For example, if there was a forged document in the chain of title, or if a previous owner had a fraudulent claim to the property, title insurance would protect you from any losses incurred as a result of such defects.
Existing Liens Against the Property
Liens can be placed on a property for a variety of reasons, such as unpaid taxes or contractor bills. Title insurance provides coverage against any existing liens that may exist against your property. If a lien is discovered after you purchase the property, title insurance will cover the costs of dealing with the lien, such as paying off any outstanding debts.
Encroachment Issues
Encroachment occurs when a part of a building or structure, such as a fence or shed, extends beyond the property line and onto an adjacent property. Title insurance covers encroachment issues that may arise, such as disputes with neighbors over boundaries or easements.
Title Fraud
Title fraud is a growing concern in Canada, and title insurance provides coverage against any losses resulting from fraudulent activity. For example, if someone steals your identity and takes out a mortgage on your property, title insurance will cover any losses you incur as a result of the fraud.
Errors in Surveys and Public Records
Title insurance covers errors in surveys and public records that could affect your ownership of the property. For example, if the survey shows that your property line extends beyond your actual property boundary, title insurance will cover any legal costs associated with correcting the error.
Title-Related Issues That Can Affect Your Ability to Sell, Mortgage, or Lease Your Property
Title insurance also covers any title-related issues that could affect your ability to sell, mortgage, or lease your property. For example, if a previous owner failed to disclose an easement on the property, title insurance will cover any legal costs associated with removing the easement.
Legal Fees Related to Defending Title Rights
Finally, title insurance provides coverage for any legal fees associated with defending your title rights. For example, if a third party makes a claim on your property, title insurance will cover the legal costs associated with defending your title.
In conclusion, title insurance in Canada provides protection against a wide range of issues that may arise with the title to your property. It is important to consider purchasing title insurance when purchasing a property to ensure that you are protected against any unforeseen or unknown issues that may arise with the title.
