Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Who pays for title insurance in Saskatoon?

The buyer pays for title insurance in Saskatoon, both the lender's policy a mortgage typically requires and any owner's policy the buyer chooses to add, and the one-time premium is collected by the lawyer registering the transfer through Information Services Corporation as part of closing, rather than negotiated with the seller.

This differs from some of the other closing-cost negotiations in a purchase, since title insurance is not typically something a buyer asks a seller to cover the way a repair credit might be negotiated during a condition period.

The premium is a single upfront cost rather than an ongoing charge, and it is usually a modest amount folded into the legal fees, typically $800 to $1,500, that a Saskatoon lawyer charges to complete a purchase.

Your lawyer's trust statement before possession will show the exact premium charged. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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