In the news · Ottawa Business Journal ·

Why real estate is the last major transaction without a safety net

Canadians insure their cars, their homes and their health, yet the sale of a home, one of the largest transactions most people ever make, has had no protection if the buyer walks away. The Ottawa Business Journal looks at that gap.

The article points to Ontario court records in which sellers absorbed lower resale prices, carrying costs, legal fees and a second commission after a buyer failed to close, often adding up to six figures, and makes the case for closing insurance as the product residential real estate has been missing.

A summary by SecureMyOffer. The full piece is published by Ottawa Business Journal.

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