Farm Policies in Ontario
A TitlePLUS title insurance policy is available through a real estate lawyer for purchases and refinances of farm properties, in Ontario, up to $5 million. Whether or not the farm is an operating business, it will qualify for all the benefits of TitlePLUS coverage, including both title and legal services coverage (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.
|$500,000 and under||$500,000.01 to $5 million|
|Purchase||$370.50||Base premium + $1.00 per $1,000|
*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 $150 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:
- if you are applying for a TitlePLUS farm policy for a client, view the sample search requirements chart and complete the order form, or contact us,
- 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.