Title Insurance vs. a Survey

Many of you will have already seen the news story that is breaking in Nova Scotia. The story is about a man that purchased a piece of property only to find out two years later that he did not actually own his back yard.

CBC wrote an article about this:

Main Article

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Follow up Article

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This was all in Nova Scotia, but exactly the same thing could happen in Ontario and across our country. The decision about getting title insurance rather than a land survey has been a decision that home purchasers have had to make for many years. This story certainly illustrates the possible drawbacks of choosing title insurance.

The AOLS asked a lawyer with the Law Society's title insurance company, LawPRO, to deliver a webinar to our members on this very issue. Ray Leclair's webinar provides great information on the impact of the decision between title insurance and a survey: