i.e. $16,475 on a Million Dollar Home
These fees are paid to the government whenever a property changes ownership. First-time homebuyers of an eligible home may be eligible for a refund of all or part of the tax. The maximum amount of the refund is $4,000.
Typically a few hundred dollars
A title insurance policy protects Canadian residential or commercial property owners and their lenders against losses related to the property's title or ownership: it protects against title defects or unknown claims on the property that can affect ownership rights.