{
  "name": "BC Real Estate Codex — Facts API",
  "description": "Machine-readable catalog of every BC residential real estate legal, tax, regulatory, and transaction fact. Maintained by Bronson Job PREC, REALTOR® at Royal LePage Ben Gauer & Associates. Updated quarterly. CC BY 4.0 — cite us.",
  "version": "v1",
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "canonical_url": "https://www.bronsonjob.com/api/v1/facts/index.json",
  "publisher": {
    "name": "Royal LePage Ben Gauer & Associates",
    "url": "https://www.bronsonjob.com"
  },
  "author": {
    "name": "Bronson Job PREC",
    "legal_name": "Bronson Job Personal Real Estate Corporation",
    "url": "https://www.bronsonjob.com/about/bronson-job",
    "job_title": "REALTOR®"
  },
  "cite_as": "Bronson Job PREC (2026). BC Real Estate Codex — Facts API. https://www.bronsonjob.com/api/v1/facts/.",
  "re_verification_cycle_days": 180,
  "contact": "bronson@bronsonjob.com",
  "generated_at": "2026-05-10T23:20:29.763Z",
  "fact": {
    "id": "bc.title_insurance.overview",
    "label": "BC title insurance overview",
    "description": "Title insurance is an indemnity policy protecting the insured (owner or lender) from financial loss due to title defects, encroachments, fraud, unregistered interests, survey errors, work orders, or zoning violations that pre-date the policy date. Unlike home insurance (annual premium, replacement cost on the structure), title insurance is a one-time premium paid at closing for the duration of ownership. Two products are typically purchased on a BC residential transaction: an owner's policy (protecting the buyer against post-closing discovery of title defects — typically $300-$400 one-time on a residential file) and a lender's policy (mandated by most BC lenders in lieu of an updated land survey on detached properties; typically $200-$300 one-time and bundled into closing costs). Title insurance is NOT statutorily required in BC — but most BC lenders now require lender title insurance instead of a current Real Property Report (RPR) on detached homes, which materially compresses closing timelines. Two leading providers: First Canadian Title (FCT) and Stewart Title.",
    "value": {
      "statutorily_required": false,
      "owner_policy_typical_cost_cad": [
        300,
        400
      ],
      "lender_policy_typical_cost_cad": [
        200,
        300
      ],
      "premium_basis": "one-time at closing, no annual renewal",
      "protects_against": [
        "post-closing-discovered title defects",
        "fraud",
        "unregistered interests",
        "encroachments",
        "survey errors",
        "unresolved work orders",
        "zoning violations"
      ],
      "distinguishes_from": "home insurance (annual, replacement cost) and Real Property Report (one-time survey)",
      "common_lender_practice": "lender title insurance commonly replaces the RPR requirement on detached homes",
      "primary_providers": [
        "First Canadian Title (FCT)",
        "Stewart Title"
      ]
    },
    "unit": "rule-set",
    "version": 1,
    "effective_iso": "2000-01-01",
    "expires_iso": "2027-05-09",
    "domain": "legal",
    "tags": [
      "title-insurance",
      "closing",
      "lender",
      "bc"
    ],
    "citations": [
      {
        "url": "https://www.bcfsa.ca/public-resources/real-estate/buying-property/closing-costs",
        "org": "BCFSA",
        "title": "BCFSA — Closing costs (including title insurance)",
        "retrieved_iso": "2026-05-09"
      },
      {
        "url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/owning-a-home/buying-a-home/closing-costs",
        "org": "BC Government",
        "title": "Closing costs — Province of British Columbia",
        "retrieved_iso": "2026-05-09"
      }
    ],
    "history": [],
    "superseded_by": null
  }
}