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The average price of a house in Ontario, Canada is $922K: * https://wowa.ca/ontario-housing-market https://wowa.ca/ontario-housing-market When purchase throug
by throw0101a 5y ago
The average price of a house in Ontario, Canada is $922K:
* https://wowa.ca/ontario-housing-market https://wowa.ca/ontario-housing-market
When purchase through a lawyer, title insurance in Ontario is around $250:
* https://www.getwhatyouwant.ca/what-the-heck-is-title-insurance https://www.getwhatyouwant.ca/what-the-heck-is-title-insuran...
250 / 922000 = 0.000271 or 0.03%. I've had bar tabs larger that $250.
- UncleMeat 5y agoIt is true that the price of title insurance is very small compared to the price of the house. But their expected payouts are still a smaller percentage of their premiums than other insurance.