No, it isn’t. However, it’s still highly recommended that you purchase it. Title fraud is a growing problem in Ontario. Without adequate title insurance, you’re a lot more vulnerable to having the title of your property used by fraudsters. If you’re buying a home in cash, you don’t need to buy title insurance (although it would be wise to). However, if you’re buying a property and taking out a mortgage, the vast majority of mortgage lenders will require that you obtain title insurance as a condition of the mortgage approval.