GUIDES/Toronto Home Buyer's Guide

Your Step By Step Guide to Buying

9 - Hire a Legal Professional: About Lawyers

It is very important to have a reliable lawyer available when executing a transaction as important and as large as the purchase of a home. We have a team of reliable lawyers to refer you to, or guide you. The essential tasks performed by a lawyer include searches & the title transfer. Executed improperly these actions in an extreme case could leave you homeless and with limited legal recourse. Ask us for more details.

While we are on legal questions, have a look at this article about secondary suites if you expect or need to rent a second suite in your new home to pay down the mortgage or to help you qualify for a higher mortgage.

Title Insurance

1. What is title insurance?
2. What you should consider before purchasing title insurance.
3. Specific questions you should ask a potential title insurance company.
   • Background information about the Company
   • Regulatory Standards
   • Claims Practice
   • Coverage
   • Quality of Service
   • Costs & Premiums