Commercial Policies in Ontario
A TitlePLUS title insurance policy is available through a real estate lawyer for commercial properties in Ontario with purchase prices and mortgage amounts up to $5 million.
Whether or not a commercial property contains an operating business, it will qualify for all of the benefits of TitlePLUS protection, including title, fraud, and survey coverage, plus coverage for the legal services provided by the lawyer in the transaction (excluding OwnerEXPRESS® policies and Québec policies). Please refer to the TitlePLUS policy for full details, including actual terms and conditions.
The TitlePLUS premium* is paid only once and will vary based on the purchase price or mortgage amount.
|Value of Transaction||Purchase – No Mortgage or Mortgage-Only||Purchase with One Mortgage||Purchase with Two Mortgages|
|up to $100,000.00||$300.00||$350.00||$400.00|
|$100,000.01 to $300,000.00||$350.00||$400.00||$450.00|
|$300,000.01 to $500,000.00||$500.00||$550.00||$600.00|
|$500,000.01 to $5,000,000.00||$500.00 + $1.00 per $1,000.00||$550.00 + $1.00 per $1,000.00||$600.00 + $1.00 per $1,000.00|
*Prices are subject to change without notice. The processing fee and related taxes are collected by LAWPRO as agent on behalf of LawyerDoneDeal Corp. For each private mortgage, an additional $75 premium plus taxes applies. A private lender is not a/n: (a) bank, trust company, insurance company, credit union or caisse populaire; (b) lender approved for mortgage underwriting under the National Housing Act; (c) lender regulated by OSFI or a provincial or territorial regulatory body; (d) lender whose shares are listed on a stock exchange within or outside Canada that is a designated stock exchange for the purposes of the Income Tax Act; (e) mortgage investment corporation under the Income Tax Act; or (f) affiliate of one of the above. When funds are provided by an individual’s registered plan (such as a RRSP, RRIF or TFSA) and the mortgage will be registered to a bank, trust company or credit union as trustee, the lender is considered private. For questions about specific lenders, please contact us.
For more information:
- for lawyers and law firm staff,
- ask a real estate lawyer about TitlePLUS title insurance, or for a list of TitlePLUS-subscribing lawyers, go to Locate a Lawyer,
- use the handy tools in our Real Simple Real Estate Guide™, or
- contact us.