Why Real Estate Is the Last Major Transaction Without a Safety Net

Most Canadians insure everything that matters — their car, their business, their health. But when it comes to selling their home, one of the largest financial transactions of their lives, there's no protection if the buyer walks away. That gap has quietly cost sellers hundreds of thousands of dollars, and the market is finally starting to catch up.

Court records across Ontario tell a consistent story: when buyers fail to close, sellers are left absorbing price drops, carrying costs, legal fees, and a second round of commission — often totalling six figures. These aren't rare events. Severe mortgage delinquencies rose 30 percent year over year in Q4 2025, and a 2026 survey found that nearly one in three agents named financing failure as the leading cause of collapsed deals. The risk is real, it's growing, and for too long there has been no product designed to address it.

Here's why closing insurance is the product residential real estate should have had all along.

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