assignment sale in pickering

Assignments for sale in Pickering (2024)

5 pickering detached, townhomes or condos assignment for sale on homebaba.

$ 1,148,000 2000 Sqft

Occupancy - Jan 2024

5th Concession Rd & Sideline 16 Rd

. Pickering

Bay Street Group Inc., Brokerage

$ 1,211,000 2250 Sqft

Occupancy - Jan 2023

5th Concession Rd & Sideline 16 Rd-II

$ 1,170,000 2173 Sqft

Occupancy - September 2023

Brock Road & Taunton Road

$ 1,198,999 2032 Sqft

Occupancy - Jun 2023

Delphinium Tr Pickering

Ravi Godara

Elixir Real Estate

$ 889,000 1700 Sqft

Occupancy - Early 2023

Taunton Road & Aquarius Trail

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Pickering Assignment Sale  - Check out Pre construction Condos, Townhomes & Detached home assignment for sale in Pickering.

1. what is a preconstruction assignment sale, an assignment is a sales transaction where the original buyer of a property (the “assignor”) allows another buyer (the “assignee”) to take over the buyer’s rights and obligations of the agreement of purchase and sale, before the original buyer closes on the property (that is, where they take possession of the property). the assignee is the one who ultimately completes the deal with the seller., 2. is an assignment legal in pickering, unless otherwise prohibited  or restricted in writing in the original agreement of purchase and sale,  it is mostly legally permitted . in some cases, the developer may charge the assignor a fee for this kind of sale. the best thing to do is to contact the builder directly to confirm if you are allowed to assign your purchase contract because assignment restriction and fees vary from builder to builder., homebaba is one of the leading online marketplace for pre-construction and assignment sales in pickering, ontario. check out hundreds of pickering assignment sales advertised by real estate agents in ontario.  the listings such as assignment for sale listings, resale listings or preconstruction project listings & description of the related pages are uploaded by real estate agents. homebaba does not verify the correctness of the data uploaded on its platform. please contact the listing agent to verify the information. e&oe expected..

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Assignment Sales Pickering

Pickering is located on the western end of the Durham Region, bordering the cities of Toronto, Markham, and Rouge National Park, as well as the Lake Ontario shoreline. Pickering is brimming with natural beauty and small-town charm, as well as modern facilities and comforts, thanks to a burgeoning new downtown and exciting expansion potential in the city’s northern reaches. 

Pickering is a friendly, safe community that is ideal for starting and growing a business or raising a family. The city offers an unrivaled quality of life, has Durham’s highest diversity rate, and continues to attract inhabitants and businesses from across the world.

If you want to make an entry into the Canadian real estate market Pickering is highly suggested.

For all the people that are planning to make an investment in the Pickering real estate market, a great opportunity would be Assignment Sales.

With an increase in the number of assignors that want to sell their contract the number of customers that will purchase an Assignment in Pickering will grow as well. Assignment Sales in Pickering can actually give you the best deal on the pre-construction property market due to the fact that only a few customers seek out these transactions.

To make the Assignment Sales and Pre-Construction Properties market in Pickering easier we present to you Assign Circle, a real estate premium platform. If you are a Real Estate Agent, Investor, or Buyer and Seller you can easily benefit from our platform. The only condition is that you should choose between four interesting packages that we offer. 

Our main goal is to provide you with the most accurate information about the Pickering real estate market. If you are looking for-construction property for sale in Pickering and its neighborhoods we also offer the following real estate services: Liverpool Assignment Sales, Pre-Construction Condo in Dunbarton, Rouge Park Pre-Construction Property, and Assignment Sales in Altona.

$460,990.00

GUARANTEED ALLOCATION - Pickering City Centre

The Most Affordable Condos In The GTA SECURE your unit through allocation before general public access. This is the first phase of 10 condo development at PCC. Pickering City Centre is priced similar ...

$471,990.00

Highmark Condos | Pickering | FREE BMW or Credit on closing

Up to 50k OFF the purchase price or a free brand new on closing (ask for details) LOWEST DEPOSIT at 5% per year LOWEST CONDO FEES at 59 cents per sq.ft LOWEST CAPPED LEVIES at $4,500 LOWEST PRICED ...

$780,000.00

Citywalk Towns Assignment for SALE - with Rooftop Terrace

Citywalk Towns is a new pre-construction townhouse development by Metropia. Coming soon to Finch Avenue & Brock Road in Pickering. Condo Name: Citywalk Towns Developer: Metropia Main Intersection: ...

$787,000.00

City Walk Towns In Pickering For Sale - Brand New

City Walk Towns Pickering - Brand New Never Lived In Assignment Sale - Immediate Occupancy. -Layout Attached- Maple Model -Rooftop Terrace, 3 Bedrooms, 3 Baths -Excellent Location Hwy 401 & Brock ...

Please Contact

INCREDIBLE DEAL AT PARK DISTRICT

Another Zadegan Group Listing INCREDIBLE DEAL AT PARK DISTRICT Assignment Sale - Park District Intersection: Brock Rd & Dersan St, Pickering 2 Bed | 2.5 Bath 1 parking | 1 locker 1356 sqft Exposure: ...

Canon IRA 4045 Monochrome Multifunction Laser Printer, Copier, Scanner With Finisher, Stapler, 4 Paper Trays, LCD, 11x17

Canon image RUNNER ADVANCE 4045 (IRA 4045) MonochromeMultifunction Laser Printer, Copier, Scanner with Finisher, Stapler, 4 PaperCassettes, LCD, 11x17 Canon has raised the bar on productivity and cost control. Introducing image RUNNER ADVANCE Essentials—specially created solutions that seamlessly connect the MFP

$1,099,999.00

101L MAKINA ST Pickering, Ontario

MLS® #E8218282 CHANCE TO GET INTO GREENWOOD SEATON PICKERING ASSIGNMENT SALE!!!!!!!! SEMI-DETACH HOUSE WITH 4 BEDROOMS ,CLOSE TO HWYS,SCHOOLS AND PLAZA .5 APPLIANCES,ELECTRIC CAR CHARGER ROUGH-IN, ...

Amazing Assignment Sale In Pickering - Universal City 2

Assignment Sale - Universal City 2 Intersection: Bayly St & Liverpool Rd , Pickering 2 Bed | 2 Bath 1 parking | 1 locker 852 sqft + 95 sqft Exposure: North East For more information on this project, ...

$1,500,000.00

FREEHOLD DETACHED FOR SALE (ASSIGNMENT) IN PICKERING

PICKERING (SEATON) FREEHOLD DETACHED ASSIGNMENT SALE! 2325 S.F. WITH 4 BED 3.5 BATH (2 ENSUITES) WITH DOUBLE GARAGE (The Thompson (Elev. A) PROJECT: GREENWOOD SEATON (by DECO Homes Inc.) Taunton Rd / ...

FREEHOLD TOWNHOUSE ASSIGNMENT IN PICKERING! CALL 6474702604

LOOKING FOR A TOWNHOME IN PICKERING?? PARK DISTRICT OFFERS PREMIUM QUALITY BEAUTIFUL FREE HOLD UNITS!!Fill in the form above and I'll get back to you ASAP! CALL/TEXT/WHATSAPP 647-470-2604 DAVID ...

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LOOKING TO SELL YOUR ASSIGNMENTS/PRECONSTRUCTION UNITS? CALL NOW

We have over 80 assignments in the following locations and sell them within 2-3 months!! -Toronto -North York -Thornhill -Richmond Hill -Vaughan -Pickering -Ajax -Scaborough -Uxbridge -Cobourg ...

$585,000.00

Distressed assignment sale in pickering

Oshawa / Durham Region

Assignment Sale - 2 bedroom condo in Pickering, ON ✅Address: 1480 Bayly St, Pickering, ON ✅Project Name: Universal City Condos 2 ✅Bed: 2 ✅Bath: 2 ✅Parking: 1 ✅Locker: 1 ✅Square footage: 732 ✅Asking ...

$1,259,490.00

Assignment Sale in PICKERING

- Double car garage corner townhouse - Selling at Loss! - Bigger than Many Detached Homes 2815 SQ FT - 4 car parking - Seller Selling $65,000 lower than Purchase Price - Separate Living, Dining, ...

Universal City 2 Unit #1802 Now Available on Assignment

✨ Explore Modern Living at U.C. Tower 2, Oshawa! Unit #1802 awaits your touch. ️ 2 Bed & 2 Bath Size: 890 Sq.Ft. + 228 Sq.Ft Balcony ☀️ Exposure: South-East 1 Parking & ️ 1 Locker Included Occupancy: ...

$1,170,000.00

Beautiful Semi-Detach Assignment sale in pickering

**Your Dream Home Awaits in Pickering!** **Stunning Semi-Detached Home with Walkout Basement** Don't miss out on this incredible opportunity to own a beautiful semi-detached home in Pickering! ...

$779,000.00

Assignment sale Condo Townhome White Road and Kingston Road

Townhome condo for assignment sale in Pickering. Occupancy Jul’24 Original price $779,000. Seller motivated and accept any good offer.

$945,000.00

3 bedroom townhouse assignment in Pickering, ON

Soon, an exciting new townhome community is set to break ground at the Brock Road and Pickering Parkway intersection. Introducing Citywalk Townhouses - a stunning new community of conveniently ...

$602,000.00

***1 bedroom condo assignment in Pickering, ON***

PRICE REDUCTION - SELLING AT LOSS VuPoint Condos will ultimately change the landscape and skyline of downtown Pickering. Centrally located at Liverpool Road and Highway 401, this community of 3 ...

Fire Assignment Sale - Universal City 2

Assignment Sale - Universal City 2 Intersection: Bayly St & Liverpool Rd, Pickering 2 Bed | 2 Bath 1 parking | 1 locker 732 sqft Exposure: South For more information on this project, Please DM me at ...

Beautiful Assignment Sale - Park District

Assignment Sale - Park District Intersection: Brock Rd & Dersan St, Pickering 2 Bed | 2.5 Bath 1 parking | 1 locker 1356 sqft Exposure: S For more information on this project, Please DM me at ...

$1,175,000.00

Aswsale in Pickering. 2 storey freehold town house

Assignment Sale Pickering Seatonville end unit townhome 3 bedroom with 3 washrooms 2000 sq ft Traditional 2 storey townhouse in with backyard. Closing Jan 2024 tentative. ASKING 1175000 Stainless ...

$1,199,900.00

ASSIGNMENT SALE IN PICKERING, CORNER LOT AT PURCHASE PRICE

Assignment sale Pickering. ✅ Selling at purchase price ✅ 2 storey town house. ✅ 4 bed with 3 washrooms ✅ Unfinished basement ✅End Unit like semi. ✅Closing Jan 2024. ✅Almost 2300 sqft. ✅ PLS CALL AT ...

VuPOINT CONDOS (PHASE 1) IN PICKERING STARTING FROM LOW $ 600's

* FREE ASSIGNMENT * # Towering 46-storeys above Pickering’s serene skyline, the panoramic vista atop VuPoint is truly a sight to behold. # Frenchman’s Bay to Toronto and beyond, see the vision of a ...

Beautiful Semi Detach Assignment in Pickering

$998,888.00

house for sale pickering

BRAND NEW HOME SEMI READY IN 2024 FALL. $998,888 ASSIGNMENT SALE TEXT: 6479190895

$589,000.00

Located near Bayly/Liverpool - Pickering

Assignment Sale**Fantastic Opportunity To Own A Unit In A Sold Out Project - Universal City - Brand New 2 Beds 2 bath Resort Style Amenities Including Swimming Pool Rooftop Garden Terrace - Party ...

PICKERING TOWNHOME UNDER ORIGINAL PRICE! UNDER RESALE VALUES!

INCREDIBLE DEAL! $30,000 UNDER ORIGINAL PRICE, AROUND $40,000 UNDER RESALE VALUES and CLOSING IS END OF THE YEAR/EARLY NEXT YEAR! Assignment Sale - Park District Intersection: Brock Rd & Dersan St, ...

Amazing Assignment Sale - Park District

$499,999.00

1+1 , 1 PARKING , UC TOWER PICKERING -ASSIGNMENT SALE

*Assignment Sale* Fantastic Opportunity for First Time Buyer & Investor to Own An Unit In a Sold Out Project-Universal Brand New 1 Bed + Den With 1 Bath . The well Designed Layout Includes an Open ...

UNIVERSAL CITY CONDO ASSIGNMENT

UNIVERSAL CITY CONDO ASSIGNMENT Universal City Condo is a new condo development by Chestnut Hill Development currently sold out at 1496 Bayly St at Bayly St and Liverpool Rd in Pickering. The ...

$615,000.00

Assignment Sale - 2 bedroom condo in Pickering, ON

Assignment Sale - 2 bedroom condo in Pickering, ON Universal City Condos 2 is a New Condo development by Chestnut Hill Developments located at Bayly & Liverpool, Pickering. - EXCELLENT DEVELOPER, ...

Stunning Assignment Sale - Park District

Great Assignment Sale - Park District

$1,200,000.00

STUNNING 3 BED 1941 SQ FT ASSIGNMENT SALE IN PICKERING

DIRECT BUYERS ONLY, NO REALTORS Take a look at this beautiful assignment sale. The closing for this beautiful property is happening soon! , contact me for more details. Distressed Sale in Pickering ...

$829,000.00

DISTRESS TOWNHOUSE ASSIGNMENT ( PICKERING CITY WALK)

**Your Dream Home Awaits!** **Property Details:** - ️ Builder: Metropia Urban Landscapes - Product: Townhome - Address: 1856 Notion Rd, Pickering, Ontario - Elevation/Model: Maple - Asking Price: ...

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Pickering Assignments For Sale

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Central District Towns Assignment

By icon homes.

• Price $799,900
• Direct Whatsapp
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Central District Towns is a townhouse development currently under construction at Whites Rd N & Kingston Rd in Pickering. 2 Bedroom with 2.5 Bath assignment sale opportunity in this sold out community with occupancy scheduled for April 2024.

Suits Details

• Project name Central District Towns Assignment
• Region Pickering
• Builder ICON Homes
• Building type Townhomes
• Address 770 Kingston Road, Pickering, ON
• Occupancy Move In 2024
• Washrooms 2.5
• Interior Size Family Sized
• Cap Levy $10,000
• Parking and Locker One Parking Included

Pricing Details

• Assignment purchase Price $799,900
• Original purchase price $779,900
• Deposit paid by seller to builder $116,985
• Deposit (minimum) with offer: $25,000

Description

Central District Townhome assignment sale in Pickering. Looking for a pre-construction deal? Look no further. Central District is centrally located just a couple of minutes away from Highway 401 offering easy connectivity to the Greater Toronto Area. Pickering Town Centre , Pickering Golf Club and the GO Station are just a short distance from this development. Family-sized 2-bedroom condo town with 2.5 baths featuring a modern design with sleek finishes. Stainless steel appliances and stacked washer and dryer included.  Don't miss this opportunity to own a townhome for the price of a condo in a sold-out project by ICON Homes and Old Orchard Homes.  

• Purchase Price: $779,900  
• Asking Price: 799,900   
• Total Deposit: $116,985  
• One Parking Included  
• Occupancy: Summer 2024  
• Capped Levies: $10,000

Whites Rd N & Kingston Rd | PICKERING  

Register Now.

• 5 minutes to Pickering Town Centre  
• 10 minutes to Pickering Golf Club  
• 5 minutes to Rouge National Park  
• 5 minutes to Frenchman's Bay waterfront  
• 2 minutes to Highway 401  
• 15 minutes to GO Station (Pickering)  
• 30 minutes to Downtown Toronto via Highway 401  
• Close proximity to top-ranking schools and medical facilities  
• Nearby access to Durham Region and GO Transit bus routes  

770 Kingston Road, Pickering, Ontario, Canada

REGISTER NOW

FIRST ACCESS TO FLOOR PLANS VIP PRICES INCENTIVES

770 Kingston Road, Pickering, ON

Purchaser Incentives

• Capped Development Levies
• Opportunity to Purchase a DEAL in a sold out project
• Low maintenance & more space for less price per square foot

Deposit structure

• $25,000 with offer
• Balance to 15% on vendor approval
• 5% on Occupancy

Project Status

Selling status, you may also be interested in, empire maverick condos assignment sale.

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Assignment Sale

$ 1,299,000

Closing Date

Jaunary 2023

Deposits Paid

Asking Price:    $ 1,299,000

Closing Date:   Jaunary 2023

Status:     Available

Builder:     Metropia Type:     Townhouse Project:     Citywalk

City:     Pickering

Model:   Unknown

Lot Size:     Unknown Square Footage:     1,800

Bedrooms:     3 Bathrooms:     2

Parking:     2

Condo Fee:     None

How does this work?

These are assignment units. They have been purchased by someone who is trying to sell it before they have to close on the unit.

The original buyer makes a profit, and you get access to a sold out project at market value.

What are the next steps?

If you want to proceed with purchasing an assignment, I would prepare the paperwork

Is this free?

Yes. There is no cost to you. I act as your real estate agent on the deal. The seller pays me a comission at closing.

Will you spam me?

No. I will attempt to email or text you once or twice. If you don't respond I will assume you are no longer interested.

unit to assign ?

Let me  sell it.

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Pre-construction agent.

I get first access to units when the get released.

Get Super quick response times. Text, call or email.

When you use us as your VIP agent

I get first access to units when they get released.

assignment agent?

Lowrise assignments.

Click here to use my sortable & searchable online spreadsheet instead.

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FOR SALE 2 STOREY TOWNHOUSE AT NUTOWNS

NuTowns is a new town project by Madison Group located at 2540 Brock Road in Pickering.

Location Highlights:

• Located in Pickering – Seaton Area
• 6 minute drive to The Pickering Town Centre
• 8 minute drive to Pickering GO Station
• Minutes to Highways 401 and 407
• Many Golf Courses like the Riverside Golf Course, Whitevale Golf Club and Pickering Golf Club
• Close to shops, restaurants and schools
• Nearby parks include Major Oaks Park, Southcott Park and Centennial Park

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Map : 2540 Brock Rd, Pickering, ON, L1V 2P8

2540 Brock Rd, Pickering, ON L1V 2P8, Canada

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Sam Elgohary is a Real Estate Broker with Century 21 servicing his clients in the Greater Toronto Area (GTA). He has a wide range of experience in Pre-construction Development and resale and is always looking to give his clients the most up-to-date knowledge about the market to help them in making new investments or selling their homes. His close connections with builders and a wide network of agents give him a competitive edge on everything to do with Toronto Real Estate. Connect with Sam: Cell 416-565-5925.

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Pickering Assignment

You are searching homes assignment in Pickering. You can further refine your search for Pickering real listing using filters by price range, beds, baths, and property type. E.g., house, condo or land in Pickering.

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List Of Assignment Sale Ontario (2024)

3 +1 bed | 3 bath | 1875 sqft Occupancy -2023

The  real estate market in Ontario , Canada,  offers a unique opportunity for buyers and sellers through assignment sales.  Assignment sale Ontario  involves the transfer of pre-construction condos, townhomes, and detached homes before their completion. This practice has gained popularity because of its potential for early access to desirable properties and the potential for profitable investments. 

However, navigating the assignment sales Ontario market can be complex, requiring a solid understanding of the process, legal considerations, and effective negotiation strategies.

What Are Assignment Sales?

Assignment for sale in Ontario  are a sneaky little secret in the world of real estate. Essentially, it’s like being the middleman in a property transaction. Let’s say you buy a pre-construction condo but decide you’d rather not move in when it’s completed. Instead of selling the condo directly, you can assign the contract to someone else who then takes over the purchase. You get out of the deal, and someone else gets their dream home. It’s a win-win!

Why Are Assignment Sales Ontario Popular?

Ontario state in Canada has become a playground for assignment sales, and for good reason. These sales offer a unique opportunity for both buyers and sellers. Buyers can snag a pre-construction property without having to wait for construction to finish, while sellers can make a profit without ever stepping foot on the property. Additionally, with the hot  real estate market in Ontario , there’s no shortage of eager buyers and sellers looking to make a deal.

Understanding Pre-Construction Condos, Townhomes, and Detached Home Assignments

Imagine this: you’re a developer, and you have a grand plan to build the next luxurious  condo assignment sale in Ontario  or a charming townhome community. But before construction even begins, you start selling units. 

These sales are known as pre-construction sales, where buyers purchase a property that hasn’t even been built yet. And that’s where assignments come into play. Buyers who decide they don’t want to occupy the property themselves can assign their contract to someone else. Assignments aren’t just limited to condos. You can find them for townhomes and even detached homes. So, whether you prefer the allure of a towering condo or the charm of a cozy bungalow, there’s an assignment out there waiting for you. 

The great thing about assignments is that they offer a range of options to suit different tastes and budgets. No matter what type of property you are looking for, you can find it through an assignment sale.

In search of assignment homes in Ontario, you can consider  assignment sales In GTA , a more significant part of southern Ontario. In this area, many cities offer the best assignment homes with the best amenities.

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Nobody knows the assignment market in the GTA and southern Ontario better than me. Whether you’re looking to buy or sell, I promise to work hard on your behalf to ensure you get the best deal possible.

Sean Bhairo is a data-driven CPA and Sales Representative. Sean understands that buying or selling a home is one of the largest investment decisions you will make, and his goal is to leverage his skillset and experiences to help support these decisions.

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Guide to Condo Assignment Sales

If you’ve looked into purchasing pre-construction condos in Toronto you’ve come across the term “Assignment Sale”. Often Developers will offer allowing Assignment Sales as an added incentive for buyers. Or you’ll come across an agent or seller listing an assignment sale of a pre-construction condo.

The recent growth of the pre-construction condo market has seen a rise in this type of transaction, and so it’s important for buyers to understand how Assignment Sales work.

What is an Assignment Sale

An “Assignment” is a real estate transaction where the original buyer (the “Assignor”) sells their buyer’s rights to another buyer (the “Assignee”). In Toronto, assignments are common in pre-construction condos.

Assignor:  is the original buyer of the condo unit. The Assignor purchased the unit 3-5 years ago at the pre-construction sales phase directly from the builder. In an assignment transaction the assignor is the seller of this original agreement of purchase and sale.

Assignee:  is the buyer of the Agreement of Purchase and Sale from the Assignor. In an assignment transaction the assignee is the new buyer of the assignor’s agreement of purchase and sale

When does an Assignment Sale transaction happen

Assignments take place before Closing – before the buyer actually has position or title of the condo. Which is why the buyer is technically selling “buyer rights” or just the contract at this stage.

Who benefits from Assignment Sales

Assignments can be a useful tool for buyers and sellers.

Original Buyers, the “Assignor” benefit by not having to close on their condo purchase. That means the Assignor is not responsible for paying any closing costs. If occupancy hasn’t taken place at the time of signing, then the Assignor does not have to pay any occupancy fees. Instead, the new buyer or Assignee takes over and closes on the purchase with the Developer. Given the long lead times for pre-construction condos between purchase and closing, original buyers find the ability to make an assignment sale reassuring and beneficial since they are not locked into a contract. More aggressive real estate investors looking for more immediate ROI use assignment sales to close out their position and reap the margins realized on pre-construction condos before closing.

New Buyers, the “Assignee” benefit by getting an advantage in price relative to other ready-built condo properties on the market. Assignees also get a new, unlived home. If the Assignment takes place before the selection of finishes, the Assignee gets to make final colour and finishes selections and customize to their liking. Assignees also close in a shorter time period when compared with buying at a pre-construction project at an earlier launch phase. Finally, and perhaps most importantly, Assignees have to reimburse the Assignor all deposits already paid. These deposit amounts are on the original purchase price on the contract and not at today’s market value.

Risks associated with an Assignment sale

For the New Buyers, the “Assignee” when you purchase an assignment you take on all the terms and conditions of the original Agreement of Purchase and Sale (APS) contract. So if the original Buyer did not get their Lawyer to review the agreement to make sure things such as levies were capped then those risks are passed on to you. Assignee can protect himself by making sure the Assignment agreement has a clause that makes offer conditional on your Lawyer reviewing the original APS.

Assignee is also responsible for all the costs associated with purchasing brand new: Tarion Warranty fees, Builder fees, Development Levies, Utility connection fees and contribution to Condo Board reserve fund.

For Original Buyers, the “Assignor” risks include responsibility for any assignment fees charge by the Builder. In the event that Assignee (Buyer) can’t close the transaction then Builder may request that Assignor closes as per the terms of the original APS.

Builder will also stop communicating with Assignor and deal exclusively with Assignee once they have agreed to and executed assignment agreement. This makes it difficult for Assignor to get important updates. It’s therefore important that Assignor Lawyer keeps in touch with both the Builder and Assignee Lawyer until Final Closing.

Delays in occupancy or closing dates

The assignment remains valid regardless of delays. The Assignee has taken on the agreement and all buyer’s rights and responsibilities.

Assignee is unable to close

Typically the Assignor is not released from closing and both the Assignor and Assignee will be liable. We advise consulting a real estate lawyer to understand the terms and conditions with regards to assignments in the original agreement of purchase and sale.

Costs associating with assigning a unit

Developers typically charge an administration fee to process and approve assignment transactions. Both Assignors and Assignees are also strongly encouraged to involve a Lawyer, so there are legal fees to consider as well.

Payment of the interim occupancy fees

Typically the Assignee will pay any associated occupancy fees and any final closing costs unless negotiated otherwise in the assignment terms.

When does the Assignor get their money

Payment terms vary by agreement and are negotiated between the Assignor and Assignee. Typically the Assignor gets paid (partial or full deposit amounts) when the contract is signed, or the Assignee closes and gets legal title, or when the Assignee moves in and occupies the unit.

Who is entitled to the interest accrued by the original deposits made by the Assignor

The interest will likely be paid by the Developer to the Assignor, however this can be specified in the assignment terms.

Tax implications of Assignments sales

Buyers and sellers are also encouraged to get advice from a tax accountant. There are tax implications (GST/HST) where it is determined that the Assignor’s primary intent was to flip the property for profit.

Steps involved in an Assignment Sales process

It is crucial to work with an experienced agent when dealing with assignment transactions. Real estate Assignments are legally-binding, and it’s important to understand what the clauses mean and how they directly affect you. Buyers and sellers are also encouraged to get legal advice.

1. Ensure original Agreement of Purchase and Sale includes an Assignment clause , and understand the terms and conditions imposed by the Developer on assignment transactions. For example, some Developers may include restrictions that prevent any assignment sale until a certain percentage of the building has been sold directly by the Developer, typically 90-100%. There may also be additional restrictions on advertising or listing your unit for an assignment sale. Each Developer and project is different. Typically, developers have to grant permission to allow the assignment of units.

2. Find a new buyer, the “Assignee”  Finding a buyer can get tricky if a Developer prohibits listings and advertising. It is crucial to work with an agent that specializes in assignment sales to help you work around these restrictions to find a buyer.

3. Complete the required paperwork. Assignment sales involve a lot of paperwork and it is critical that the Assignment Agreement protects the interest of all parties involved. The diligence of an experienced agent and lawyer are crucial here due to the important points to be considered such as Developer’s Approval, Lawyer Reviews, responsibility for HST, Occupancy fees, Levies and closing costs etc. Additional factors to consider include, interest payments on deposits held by the Developer, and incentives per original agreement of purchase and sale to be credited by the Developer on final closing.

Assignments are great tools that offer value and benefits to both sides of the transaction, Assignors and Assignees. Due to the clauses and considerations involved, Assignments can often get complicated, making it extremely important to work with an experienced agent and real estate Lawyer to help mitigate risk.

Are you considering an assignment sale or interested in learning more? Drop me a line and let’s start talking!

Got a question? Submit it here!

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This is all we do, we have a complete understanding of assignment transactions and as subject matter specialists we specialize in the acquisition and sale of assignment properties in Ontario.

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Our exclusive and proven marketing system means we have access to the largest network of assignment sales in Ontario, enabling us to sell your unit for highest value and helping connect buyers to their preferred unit.

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Our team is complete with assignment lawyers and accountants to ensure you can make an informed decision and have the required expertise throughout the transaction.

What Does “Assignment” Mean in Real Estate?

An assignment refers to a sales transaction where the original buyer (the assignor) of the property enables a new buyer (the assignee) to assume the buyer’s rights and duties under the Purchase and Sale Agreement (APS) before the original buyer closes the property. 

The assignee will be the one to complete the deal with the seller. Overall, it’s vital to have an experienced and certified assignment specialist assist you when buying or selling an assignment property in Ontario. Our team from Assignment Pros can provide a smooth and successful experience for both assignees and assignors.

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It can be challenging to find buyers for an assignment property. We can help you fast-track your assignment sale by enabling you to utilize our extensive network and

No Need to Worry About All the Legal Paperwork

When you work with us, we will handle all of the time-consuming and colossal legal paperwork for you. We are well-versed when it comes to collecting and submitting all the necessary legal documentation for an assignment sale.

We Can Find the Best Deals for You

We have access to a wide range of assignment properties, including assignment properties that may not be available on other listings. Through our extensive database and our comprehensive network, we ensure that we can find the ideal assignment property for you.

We’ll Assist You From Beginning to Closing

Whether you are an assignor or an assignee, we will thoroughly assist you throughout the entire assignment sales process.

Important Factors to Consider When Purchasing or Selling Assignment Properties

Although selling and buying assignment properties is legal in Ontario, there are important technical restrictions and requirements that govern the purchase and sale of pre-construction assignments.

Developer Restrictions

Restrictions pertaining to the number of assignments permitted by law per project and assignment fee. Assignment Pros understand all restrictions and regulations of assignments in Ontario.

Condo Registration

If the assignment property is a condominium, it must be registered with the condominium corporation, and the assignee must meet the same requirements expected from the original buyer.

Tax Implications

Condo assignments may be subject to additional taxes such as capital gains taxes and land transfe r taxes. Our assignment lawyers and accountants help clients close deals with a peace of mind.

Retrieving Disclosure Statement

Before an assignment sale in Ontario is approved and legalized, developers must provide assignors with a full disclosure statement outlining all the necessary terms and conditions of the sale.

Finding the Best Financing Options

Finding financing for Ontario condo assignments may be more challenging as some lenders require a higher down payment or charge a higher interest rate. Assignment Pros can help.

CONTACT OUR ASSIGNMENT EXPERTS NOW

Difference Between Resale and Assignment

Resale properties.

• The property is registered in the land registry system in Ontario.
• You can physically view the property
• Requires a mortgage
• Closing date is 60-90 days
• Potential for growth is lower compared to assignment properties

Assignment Properties

• The property is not yet registered and will only be registered to the land registry system once construction is finished.
• You can’t physically view the property until construction is finished.
• Does not require a mortgage but requires at least a 25% down payment.
• Closing date can vary from months to years

Our Condo Assignment Services

Excellent Marketing

It can be challenging to market an assignment property due to its niche nature. We will ensure that your assignment property will attain maximum exposure using our proprietary marketing system. We will leverage our exclusive channel to fast-track your property sale.

Access to our Database

To secure the best deals, access to new listings is vital. Through our extensive database and comprehensive networks, we can provide assignees with an exhaustive list of properties to choose from. We will also regularly alert you for new listings added to our database.

Market Analysis

Market analysis is crucial in ensuring that sellers and buyers get a fair offer for their assignment property. Assignment Pros can perform in-depth market analysis and provide deep insight into current supply and demand dynamics to help you determine the accurate value of your property. 

Hear What Our Clients Say About Us

Their team was outstanding!! We are very lucky to have had the opportunity to work with Taz & Labeed . They are not only genuine, but take much pride in all aspects of their work and makes sure things run smoothly. From day they have been very helpful and always looked out for our best interest in finding us our Assignment property. Thank you so much, you guys are truly gems!!!

I had Purchased a precon a few years ago and unfortunately could not close on the unit. I had never done an assignment sale before so was a little bit nervous as I had heard they can be complex. The guys at Assignment Pros were awesome and easy to talk to when I reached out to them. They went over the entire process from start to finish and provided honest and transparent advise. Long story short we were able to sell my unit and I couldn’t be happier and more importantly a stress off my shoulders

Labeed is very knowledgeable and professional and knows what he is doing, he guided me through each step and made sure that all my questions were answered. Thanks to him I was able to buy a brand new condo downtown on Assignment under market value!

These guys have been by far the best to work with in the industry! I’ve been in the market for some time and worked with many agents but my experience with them has been outstanding. They went above and beyond exceeding my expectations on my first Assignment Sale. Their extensive knowledge and experience in the market as Top real estate agents made the whole process very smooth. I am very satisfied and comfortable working with Taz and the team. I highly recommend them to everyone looking to sell or buy an assignment.

Toronto’s Largest Assignment Property Wholesalers

Assignment Pros is Toronto’s largest assignment property wholesalers.  We provide reliable, honest and expert guidance no matter your price range.

An assignment sale condo is a sale of a contract stating the purchase of a pre-construction condominium unit.

Selling a condo assignment is a complex process that involves finding a buyer, obtaining consent from the developer, accurately determining the value of the property and more. 

When selling a condo assignment, it’s best to seek assistance from the assignment experts at Assignment Pros, we will assist you throughout the process and expedite the process.

Buying an assignment condo entails thorough research, finding financing options, and negotiation, which can be overwhelming, especially to inexperienced buyers. 

If you’re considering purchasing an assignment property, let the assignment experts from Assignment Pros help you. We will deal with all the hefty paperwork and help with negotiations. We can assist you from establishing your initial budget to closing the deal.

Yes, assignments are generally legal in Ontario. However, there may be a few restrictions when it comes to buying and selling assignment properties depending on the specific terms of purchase agreements and the developer or builder’s policies. 

The mandatory disclosure of the assignment and restrictions on the assignment fee is currently implemented by the Ontario government to protect both the assignor and assignee. 

It’s vital to thoroughly review the purchase agreement and seek assistance from experienced assignment professionals before buying or selling an assignment property.

Talk to Our Assignment Property Experts Today

Contact us now and talk to one of our Ontario condo assignment experts today to discuss your assignment property acquisition or property assignment sale.

Major Cities Served:

We provide assignment sales services in the following cities:

• Toronto & GTA
• Mississauga

*E.&O.E. Terms and Conditions Apply – All information herein was gathered from sources both professional and lay deemed to be reliable. Assignment Pros and its representatives make no representation as to its accuracy and will not be held responsible for any discrepancies. Prospective purchasers are advised to verify all information herein. All renderings, pricing, incentives and other information are subject to change without notice.

Not intended to solicit buyers or sellers currently under contract with another brokerage.

• Selling Assignments
• Buying Assignments
• Condo Assignment
• 647-567-9162
• 600 Matheson Boulevard West Unit 5, Mississauga, ON, L5R4C1

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