Services de Titres FCT

Services de Titres FCT

June 23, 2008 14:21 ET

Services de Titres FCT: Good Fences Don't Always Make Good Neighbours

Moving Day brings new beginnings, new neighbours and (possibly) new risks

MONTREAL, QUEBEC--(Marketwire - June 23, 2008) -

By Laurent Nadeau

The American poet Robert Frost once wrote "good fences make good neighbours." For the majority of us, this may be true. However, on the eve of our national moving day, when many of us are about to inherit new neighbours, the story may be very different.

According to a new survey conducted by Services de Titres FCT, Quebec's leading title insurer, 16 per cent of Quebec homeowners have had a property line or boundary dispute with a neighbour. More than 20 per cent of these disputes remain unresolved. The problem? Despite best efforts, property boundaries tend to blur over time.

Imagine a few months after new neighbours move in next door and they announce they are doing major landscaping or installing a swimming pool. A close look at property lines on a land survey reveals that a building extension built by the previous owner is encroaching on your neighbour's property. Unless you have title insurance, which protects homeowners against issues like property line encroachments, municipal code violations and title defects not uncovered in a title search, the onus will be on you to cover the costs associated with restoring the property lines.

Issues with neighbours are not the only surprises homeowners can encounter. These can range from something as simple as unexpected repairs to unanticipated closing costs. Serious issues like property encroachments, unpaid liens, defects in title, or costs arising from municipal code violations can all be offset with the purchase of a title insurance policy, which can be acquired through notaries by paying a low one-time premium.

The Services de Titres FCT survey also asked Canadians about the measures they take to protect their homes. While 97 per cent of Quebecers indicated they have home insurance and 54 per cent have a home security system, only 37 per cent reported having title insurance.

There is some good news here. The Services de Titres FCT survey found that Quebecers are among the friendliest neighbours in Canada: 72 per cent of Quebecers and Ontarians and 76 per cent of Maritimers consider their neighbours good friends, compared with 61 per cent nationally.

Additional Survey Highlights

- 84 per cent of Quebec homeowners trust their neighbours to watch over their home while they are away

- 72 per cent of Quebec homeowners consider their neighbours to be good friends

- 57 per cent of Quebec homeowners help each other with chores, repairs and emergencies

- 21 per cent of Quebec homeowners reported hosting their neighbours socially

Laurent Nadeau is Chief Operating Officer, Quebec, Services de Titres FCT

Contact Information

  • Allard Hervieu Communication
    Veronique Gabrysz
    514-499-3030, ext. 773
    Allard Hervieu Communication
    Stephanie Fortin
    514-499-3030, ext. 774