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$569,900.00

RED HOT DISTRESS ASSIGNMENT- HIGH FLOOR, AMAZING CN TOWER VIEWS!

Wake Up Every Morning To Luxury! This 1 Bedroom Suite Situated On A High Floor At The Renowned "River & Fifth". It Features Incredible Panoramic Views Of The City, CN Tower, & The Toronto Waterfront! ...

$665,000.00

Garden District condo Assignment -lakeview Move IN now |楼花转让

Working with the experienced Assignment Expert to buy and sell condo Assignment =============================== Garden District 49 Mutual St, Toronto 2) 1b+ Den , 584sq south lake view , middle floor ...

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I have qualified buyers looking for Assignment deals. Please call today to discuss further.

$549,000.00

Artist Alley,Westerly,181 East Assignment For Sale

Project: Artist Alley Address: 234 Simcoe st,Toronto Bedroom:3 Washroom:2 One Parking Included Exposure: North West Level: High Asking Price: 1265000 ...

$975,000.00

4 Bedroom 3 Bths - located at Smockum Blvd & Hwy 48

Sutton West

New Assignment Sale Opportunity! Welcome to the serene shores of Georgina, where this stunning property awaits its fortunate new owner! Nestled near the tranquil waters, this home promises a place to ...

$939,900.00

55C Assignment Sale (2bd/2bath) - Below Purchase Price!!

‼️Amazing Deal! Luxury 55C at Bloor-Yorkville - Distressed Sale‼️ Location: Bloor Yorkville (55 Charles St. East) $939,900 ($30k below 2019 purchase price) 722 sq ft Occupancy: June 2024 (416) ...

$788,800.00

2BR 2WR Condo Apt in Toronto C08 near Front/Sherbourne

"2 BR 2 WR Condo Apt in Toronto C08, near Front/Sherbourne area. Assignment Opportunity At Time & Space By Pemberton! Prime Location On Front St E & Sherbourne - Steps To Financial District, Union ...

$769,000.00

3BR 2WR Condo Apt in Toronto E07 near Kennedy/Hwy 401

"3 BR 2 WR Condo Apt in Toronto E07, near Kennedy/Hwy 401 area. *Assignment Sale* K-Square Condos at Prime Scarborough location , featuring 3 Bedrooms & 2 Bathrooms with Parking and Locker on the ...

$749,900.00

2BR 2WR Condo Apt in Toronto C01 near Wellington And Mercer St

"2 BR 2 WR Condo Apt in Toronto C01, near Wellington And Mercer St area. Resale Condo (This Is Not An Assignment) Experience urban sophistication in this stunning unit at the esteemed Nobu ...

Side Hustle...Business Opportunity...Full Time or Part Time Selling Furniture

We have a unique new side hustle/business opportunity. Sell furniture and earn $400-$500 per sale. I have worked in the wholesale and retail furniture business for over 10 years and am now offering you this unique turn key opportunity to start selling furniture It's easy, all you have to do is post your offer

1BR 1WR Condo Apt in Toronto C02 near Cumberland St & Yonge St

"1 BR 1 WR Condo Apt in Toronto C02, near Cumberland St & Yonge St area. Not An Assignment Sale* A Beautiful Unit In The Heart Of Toronto's Most Sought After Neighbourhood. This is 8 Cumberland! Step ...

$739,990.00

1BR 2WR Condo Apt in Toronto C01 near Richmond & Portland

"1 BR 2 WR Condo Apt in Toronto C01, near Richmond & Portland area. Assignment Opportunity At Pemberton Group's 543 Richmond Residences At Portland. Nestled In The Heart Of The Fashion District 543 ...

$722,000.00

2BR 1WR Condo Apt in Mississauga near Confederation & Burnhamtho

Mississauga

"2 BR 1 WR Condo Apt in Mississauga, near Confederation & Burnhamthorpe area. Assignment sale! Welcome To This Beautiful 2 Bed plus Den Corner Unit At M City 1 Condos In The Heart Of Downtown ...

$699,000.00

2BR 2WR Condo Apt in Toronto W03 near Keele/ Eglinton

"2 BR 2 WR Condo Apt in Toronto W03, near Keele/ Eglinton area. Priced to sell! Fast closing. Assignment sell. Location,location, Location. At Keele St & Eglinton Ave W , A home in 416,Steps to the ...

2BR 2WR Condo Apt in Toronto E09 near Brimley And Ellesmere

"2 BR 2 WR Condo Apt in Toronto E09, near Brimley And Ellesmere area. Don't Miss This Exceptional Assignment Opportunity At The Elle Condos! Conveniently Located Near Highways, Schools, Shopping, ...

$698,000.00

2BR 1WR Condo Apt in Toronto W04 near Keele And Eglinton

"2 BR 1 WR Condo Apt in Toronto W04, near Keele And Eglinton area. **ASSIGNMENT SALE** Spacious, Bright 2 Bedroom. Minutes away from New LRT Station. Walking Distance to School, Park, Shopping, Place ...

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Standing Seam - Probac

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1BR 2WR Condo Apt in Toronto C08 near Front/Sherbourne

"1 BR 2 WR Condo Apt in Toronto C08, near Front/Sherbourne area. Assignment Opportunity At Time & Space By Pemberton! Prime Location On Front St E & Sherbourne - Steps To Financial District, Union ...

$661,000.00

3BR 3WR Condo Townh... in Brantford near Colborne St W / Pleasan

"3 BR 3 WR Condo Townh... in Brantford, near Colborne St W / Pleasant Ridge area. **ASSIGNMENT SALE**Welcome to what could be your dream home, nestled in the prestigious Sienna Woods East community ...

$649,000.00

2BR 2WR Condo Apt in Mississauga near Burnhamthorpe & Confederat

"2 BR 2 WR Condo Apt in Mississauga, near Burnhamthorpe & Confederation area. M City 2 * Assignment Sale* 2 Bed + Study & 2 Full Bath. Total 831 Sq ft of living Space (718 Sq ft of inter + 113 sq ft ...

$617,170.00

1BR 1WR Condo Apt in Toronto C01 near Richmond & Portland

"1 BR 1 WR Condo Apt in Toronto C01, near Richmond & Portland area. Assignment Opportunity At Pemberton Group's 543 Richmond Residences At Portland. Nestled In The Heart Of The Fashion District 543 ...

2Bed Condo Assignment Sale

City of Toronto

New construction ready end of 2024 Looking to sell on Assignment asap 22nd floor great views , Appliances included Refrigerator, Cooktop , Oven, Dishwasher , Hoodfan ,Stacked Washer & Dryer. 700 Sq ...

$680,000.00

Exclusive Luxury Townhouse on Assignment Sale!

Step into sophistication with this stunning 1,281 sq. ft. luxury townhouse, boasting a perfect blend of elegance and modern design. Located in a sought-after neighborhood, this exquisite home offers ...

$1,379,000.00

#LOT 7 -36-46 MAIN ST Mississauga, Ontario

Mississauga / Peel Region

MLS® #W8094946 Assignment Sale attention!!!. Almost 2000 sqft 3 bedrooms freehold townhouse with Elevator. Distance to the Majestic Village of Streetsville With its unique shops, restaurants, pubs & ...

$1,199,000.00

Lot 119 Davis Loop

Markham / York Region

Introducing Harbourview Innisfil, a Remarkable Assignment Sale Opportunity! This 3100 SQFT Home Presents a Modern Elevation Crafted by Ballymore Homes. Nestled on a Deep, Premium Pie-Shaped lot, it ...

$420,189.00

1 Jarvis St N

*** assignment sale **** BRAND NEW, NEVER LIVED IN, MODEL WOOD 6 model, 460 sq ft interior, 56 sq ft balcony single bedroom and one full bathroom, soft close hardware, countertops and backsplash, ...

36-46 Main St

Assignment Sale attention!!!. Almost 2000 sqft 3 bedrooms freehold townhouse with Elevator. Distance to the Majestic Village of Streetsville With its unique shops, restaurants, pubs & more. Very ...

$699,900.00

Condos for Sale in Port Credit, Mississauga, Ontario $699,900

The Mason At Brightwater Condo Assignment Available For Sale/Location: 70 Mississauga Rd S, Mississauga, ON L5H 2H3/Neighbours: Port Credit/Exposure South/1 Bedroom , 1 Bath/Size: 484 SQFT/Occupancy: ...

$950,000.00

11 Lytham Grn Circ

Location Location Location! **Assignment Sale** Rarely offered, Model 3A, 1,485 Sq.ft. 3 Bedroom unit with 2 1/2 baths and 365 Sq.Ft rooftop terrace! Corner unit with South & East Exposure. Located ...

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$890,000.00

LOT 31 BEECHWOOD FOREST LANE Gravenhurst, Ontario

MLS® #X8177200 ** Assignment Sale ** Welcome to the beautiful under construction home. The Cedars at Brydon Bay is a new community in Gravenhurst. Which is located off the shores of lake Muskoka and ...

LOT 119 DAVIS LOOP Innisfil, Ontario

MLS® #N8094944 Introducing Harbourview Innisfil, a Remarkable Assignment Sale Opportunity! This 3100 SQFT Home Presents a Modern Elevation Crafted by Ballymore Homes. Nestled on a Deep, Premium ...

$800,000.00

Homes for Sale in Dundas/Sixth Line, Oakville, Ontario $800,000

Oakville / Halton Region

AN ASSIGNMENT Sale in Oakville - The Views on the Preserve a stunning mid rise residential condo standing 5 storeys tall just minutes from Oakville's bustling and popular Uptown Core. This master ...

$759,000.00

Homes for Sale in Central East, Hamilton, Ontario $759,000

This is assignment sale.Two storey Townhouse.Two bedroom and underground parking.Estimated occupancy May 2024.Deposit $32,900.00Taxes not assessed yet.New building.Condo fees to be determined. Family ...

$509,900.00

Priced to Sell Fast - Bachelor Suite Assignment - Jarvis St

Assignment Sale BELOW Original Purchase Price! Brand NEW bachelor unit in Toronto's Downtown Core. Just 1-minute walk to Ryerson University, the Eaton Center, and City Hall. Prime location provides ...

$599,000.00

Assignment at Promenade Park Towers in Thornhill

Condo Assignment Sale at Promenade Park Towers in Thornhill ✅One Bedroom Plus Den Unit With Parking ✅Direct Access to Promenade Mall ✅Building A ✅620 S.F ✅Open Concept Layout ✅Kitchen Island ...

$759,999.00

Off Market/Selling at Cost-1bed Assignment Sale at 11 Yorkville

Old Toronto

Best Deal Ever: 3 Selling at Cost Assignments at a World Renowned Address - 11 Yorkville Ave (Sold out building) INSPIRED BY THE TOWERS OF MANHATTAN, 11YV RISES 62 STOREYS ABOVE YORKVILLE, WITH ...

$1,249,999.00

Off Market/Selling at Cost2bed Assignment Sale at 11 Yorkville

$1,288,800.00

Off Market/selling at cost 2beds at 11 Yorkville facing NW

$1,050,000.00

Thornhill Promenade Park Towers - ASSIGNMENT deal

Assignment sale 2 Bedroom + Den, 910 Sq. Ft. with 40 Sq. Ft. open balcony facing park and 2 parking spaces , in one of the most anticipated projects in the City, great investment with direct access ...

$540,000.00

Distressed 1 Bedroom Condo Assignment in Thornhill - Brand New

Here is your First Access to 1 Exclusive Condo Assignments in the Sold Out Thornhill Condos List Price $540,000 1 Bedroom & 1 Bathroom 536 Sq. Ft Interior Space 118 Sq. Ft. Balcony High Floor - 19 ...

$868,000.00

Brand New Detached Home Under $999k

Get access to the brand-new detached houses under $999,000. List includes: - Assignment Sales - Distressed Sales - Motivated Sales - Off-market Deals. ...

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List of Assignments for Sale in Ontario (2024)

Leading online marketplace for condos, townhomes & detached home assignment sales in ontario.

$ 499,999 976 Sqft

Occupancy - Aug 2024

50 Herrick Ave St. Catharines

. St. Catharines

Ravi Godara

Elixir Real Estate

$ 1,199,999 2000 Sqft

Occupancy - May 2024

Sixth line & Dundas E

Bay Street Group Inc., Brokerage

$ 699,000 1444 Sqft

Mapleview Drive East & 20th Sideroad - IV

$ 1,155,000 2500 Sqft

Occupancy - March 2023

Mapleview Dr E & Yonge St

$ 1,250,000 2058 Sqft

Occupancy - Feb 2024

Burnhamthorpe and Sixth Line

$ 520,000 582 Sqft

Occupancy - Jan 2024

Neyagawa Blvd & Dundas St W- I

$ 839,000 1125 Sqft

Occupancy - March 2024

Burnhamthorpe and Dixie

. Mississauga

$ 875,000 1839 Sqft

Occupancy - Early 2024

Monarch Ave & Hunt St

$ 680,000 1400 Sqft

Glenridge Ave & Glendale Ave

$ 759,990 1757 Sqft

Simcoe St N & Windfields Farms Dr

$ 685,000 968 Sqft

Occupancy - February 1, 2024

201 Elmira Rd S, Guelph, ON N1K 1R2

Peter Lan Chung

Red Brick Real Estate Brokerage

$ 768,000 1300 Sqft

Occupancy - April 2023

530 Speers Rd.

Royal Lepage Real Estate Services Success Team

$ 1,080,000 2150 Sqft

Occupancy - Mar 2024

$ 510,000 478 Sqft

Occupancy - Dec 2023

Ridgeway Dr & The Collegeway

$ 1,100,000 1825 Sqft

Occupancy - Fall 2024

Kingston Road and Franklin Avenue

. Scarborough

$ 1,499,000 2550 Sqft

Mayfield & McLaughlin Rd- II

$ 1,299,990 2663 Sqft

4 HEARTWOOD GATE Whitchurch-Stouffville, Ontario L4A1M2

. Stouffville

$ 1,100,000 2389 Sqft

Occupancy - Spring 2023

Mapleview Drive East & Terry Fox Drive

$ 850,000 1537 Sqft

Occupancy - Nov 2023

Maple view drive E & Terry fox drive E

$ 700,000 686 Sqft

Occupancy - Summer 2024

Kennedy Rd & Corvette Ave

$ 1,086,000 2087 Sqft

Concession Rd 3 & Bunting Crt

$ 825,000 1804 Sqft

Occupancy - Oct 2023

Conlin Rd E & Wilson Rd N -III

$ 1,675,000 3100 Sqft

Occupancy - Sep 2023

Airport Rd & Walker Rd- II

$ 1,500,000 2250 Sqft

Occupancy - December 2023

Eglinton & Winston Churchill

$ 925,000 1955 Sqft

Shellard Ln & Conklin Rd

. Brantford

$ 949,000 1893 Sqft

Garden Street & Promenade Drive

$ 863,000 1708 Sqft

Occupancy - Fall 2023

Conlin Rd E & Wilson Rd N- II

$ 850,000 2350 Sqft

Hardy Rd & Oak Park Rd

$ 999,000 1770 Sqft

Occupancy -

Taunton Rd W & Lake Ridge Road

$ 1,425,000 2080 Sqft

Jefferson Side Rd & Yonge St- Richmond Hill

$ 610,000 1500 Sqft

Homestead Way & Uppers Ln

$ 1,400,000 2653 Sqft

Dryden Blvd & Anderson st

$ 1,200,000 1953 Sqft

Occupancy - Spring

Castlemore Avenue & York Regional Road 48

$ 2,200,000 3010 Sqft

Regional Road 25 & Britannia RD

$ 850,000 1957 Sqft

Dissette St & Holland St W

$ 799,000 1332 Sqft

Erin Mills Parkway & The Collegeway

$ 850,000 598 Sqft

Occupancy - Winter 2024

Spadina Ave & Front St W

$ 1,199,000 684 Sqft

Occupancy - June 2027

Queen St E & Church St,

$ 799,990 2152 Sqft

Occupancy - April 16, 2024

89 avenue Green Ash Avenue

Desiree Turda

Bay Street Group Inc.

$ 620,000 618 Sqft

Sky Harbour Dr, Brampton, ON L6Y 0C1

$ 1,250,000 2165 Sqft

Copper Creek Dr/Donald Cousens

$ 529,089 764 Sqft

Occupancy - Q1-2024

14th Ave SW & 12th St SW

$ 1,439,000 2514 Sqft

Coppermine St Oshawa Ontario L1H 8L7

$ 999,000 1640 Sqft

tenth line and Busato Drive

$ 2,300,000 2736 Sqft

Occupancy - April 2024

16th Ave and Markham Road

Olesya Andrianova

REVEL REALTY INC

$ 739,000 920 Sqft

Occupancy - January 2024

1010 Dundas Street East

$ 670,000 651 Sqft

Occupancy - October 2023

Burnamthorpe Road & Confederation Parkway

$ 1,695,000 2650 Sqft

Dundas & Sixth Line

$ 549,000 617 Sqft

165 Canon Jackson Drive Unit 308

Occupancy - September 2023

Airport Rd & Walker Rd

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

Is an assignment legal in ontario.

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.

What is a preconstruction assignment sale?

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 Ontario. Check out hundreds of Ontario Assignment Sales advertised by Liscenced Real Estate Agents in Ontario. Toronto Assignment Sale - Homebaba . The listings such as assignment 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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10 Essential Things to Know About Real Estate Assignment Sales (for Sellers)

— We take our content seriously. This article was written by a real person at BREL.

What’s an assignment?

An assignment is when a Seller sells their interest in a property before they take possession – in other words, they sell the contract they have with the Builder to a new purchaser. When a Seller assigns a property, they aren’t actually selling the property (because they don’t own it yet) – they are selling their promise to purchase it, along with the rights and obligations of their Agreement of Purchase and Sale contract.  The Buyer of an assignment is essentially stepping into the shoes of the original purchaser.

The original purchaser is considered to be the Assignor; the new Buyer is the Assignee. The Assignee is the one who will complete the final sale with the Builder.

Do assignments only happen with pre-construction condos?

It’s possible to assign any type of property, pre-construction or resale, provided there aren’t restrictions against assignment in the original contract. An assignment allows a Buyer of a any kind of home to sell their interest in that property before they take possession of it.

Why would someone want to assign a condo?

Often with pre-construction sales, there’s a long time lag between when the original contract is entered into, when the Buyer can move in (the interim occupancy period) and the final closing. It’s not uncommon for a Buyer’s circumstances to change during that time…new job out of the city, new husband or wife, new set of twins, etc. What worked for a Buyer’s lifestyle 4 years ago doesn’t always work come closing time.

Another common reason why people want to assign a contract is financial. Sometimes, the original purchaser doesn’t have the funds or can’t get the financing to complete the sale, and it’s cheaper to assign the contract to a new purchaser, than it is to renege on the sale.

Lastly, assignment sales are also common with speculative investors who buy pre-construction properties with no intention of closing on them. In these cases, the investors are banking on quick price appreciation and are eager to lock in a profit now, vs. waiting for the original closing date.

What can be negotiated in an assignment sale?

Because the Assignee is taking over the original purchaser’s contract, they can’t renegotiate the price or terms of the contract with the Builder – they are simply taking over the contract as it already exists, and as you negotiated it.

In most cases, the Assignee will mirror the deposit that you made to the Builder…so if you made a 20% deposit, you can expect the new purchaser to do the same.

Most Sellers of assignments are looking to make a profit, and part of an assignment sale negotiation is agreeing on price. Your real estate agent can guide you on price, which will determine your profit (or loss).

Builder Approval and Fees

Remember that huge legal document you signed when you made an offer to buy a pre-construction condo? It’s time to take it out and actually read it.

Your Agreement of Purchase & Sale stipulated your rights to assign the contract. While most builders allow assignments, there is usually an assignment fee that must be paid to the Builder (we’ve seen everything from $750 to $7,000).

There may be additional requirements as well, the most common being that the Builder has to approve the assignment.

Marketing Restrictions

Most pre-construction Agreements of Purchase & Sale from Toronto Builders do not allow the marketing of an assignment…so while the Builder may give you the right to assign your contract, they restrict you from posting it to the MLS or advertising it online. This makes selling an assignment extremely difficult…if people don’t know it’s available for sale, how they can possibly buy it?

While it may be very tempting to flout the no-marketing rule, BE VERY CAREFUL. Buyers guilty of marketing an assignment against the rules can be considered to have breached the Agreement, and the Builder can cancel your contract and keep your deposit.

We don’t recommend advertising an assignment for sale if it’s against the rules in your contract.

So how the heck can I find a Buyer?

There are REALTORS who specialize in assignment sales and have a database of potential Buyers and investors looking for assignments. If you want to be connected with an agent who knows the ins and outs of assignment sales, get in touch…we know some of the best assignment agents in Toronto.

What are the tax implications of real estate assignment?

Always get tax advice from a certified accountant, not from the internet (lol).

But in general, any profit made from an assignment is taxable (and any loss can be written off). The new Buyer or Assignee will be responsible for paying land transfer taxes and any HST that might be due.

How much does it cost to assign a pre-construction condo?

In addition to the Builder assignment fees, you will likely have to pay a real estate commission (unless you find the Buyer yourself) and legal fees. Because assignments are more complicated, you can expect to pay higher legal fees than you would for a resale property.

How does the closing of an assignment work?

With assignment sales, there are essentially 2 closings: the closing between the Assignor and the Assignee, and the closing between the Assignee and the Builder. With the first closing (the assignment closing) the original purchaser receives their deposit + any profit (or their deposit less any loss) from the Assignee. On the second closing (between the Builder and the Assignee), the Assignee pays the remaining amount to the Builder (usually with the help of a mortgage), and pays land transfer taxes. Title of the property transfers from the Builder to the Assignee at this point.

I suppose it could be said that there is a third closing too, when the Buyer takes possession of the property but doesn’t yet own it…this is known as the interim occupancy period. The interim occupancy occurs when the unit is ready to be occupied, but not ready to be registered with the city. Interim occupancy periods in Toronto range from a few months to a few years. During the interim occupancy period, the Buyer occupies the unit and pays the Builder an amount roughly equal to what their mortgage payment + condo fees + taxes would be. The timing of the assignment will dictate who completes the interim occupancy.

Assignments vs. Resale: Which is Better?

We often get calls from people who are debating whether they should assign a condo they bought, or wait for the building to register and then sell it as a typical resale condo.

Pros of Assigning vs. Waiting

• Get your deposit back and lock in your profit sooner
• Avoid paying land transfer taxes
• Avoid paying HST
• Maximize your return if prices are declining and you expect them to continue to decline
• Lifestyle – sometimes it just makes sense to move on

Cons of Assigning vs Waiting

• The pool of Buyers for assignment sales is much smaller than the pool of Buyers for resale properties, which could result in the sale taking a long time, getting a lower price than you would if you waited, or both.
• Marketing restrictions are annoying and reduce the chances of finding a Buyer
• Price – What is market value? If the condo building hasn’t registered and there haven’t been any resales yet, it can be difficult to determine how much the property is now worth. Assignment sales tend to sell for less than resale.
• Assignment sales can be complicated, so you want to make sure that you’re working with an agent who is experienced with assignment sales, and a good lawyer.

Still thinking of assignment your condo or house ? Get in touch and we’ll connect you with someone who specializes in assignment sales and can take you through the process.

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Raj Singh says:

What can be things to look for, especially determining market value for an assigned condo? I’m the assignee.

Sydonia Moton says:

Y would u need a lawyer when u buy a assignment property

Gideon Gyohannes says:

Good clear information!

Who pays the assignment fee to the developer? Assignor or Assignee?

Thanks Gideon 416 4591919

Melanie Piche says:

It’s almost always the Seller (though I suppose could be a point of negotiation).

Fiona Rourke says:

If there are 2 names on the agreement and 1 wants to leave and the other wants to remain… does the removing of 1 purchaser constitute an assignment

Brendan Powell says:

An assignment is one way to add or remove people from a contract, but not the only way…and not the simplest. Speak to your lawyer for advice on what makes the most sense for your specific situation. For a straightforward resale purchase you could probably just do an amendment signed by all parties. If it’s a preconstruction purchase with various deposits paid, etc it could be more complicated.

Katerina says:

Depends on the Developer. Some of them remove names via assignments only.

Haroon says:

Is there any difference in transaction process If assigner or seller of a pre constructio condo is a non resident ? Is seller required to get a clearance certificate from cRA to complete the transaction ?

Nathalie says:

Hello , i would like to know the exact steps for reassignment property please.

Amazing info. Thanks team. I may just touch base with you when my property in Stoney Creek is completed in. 2020. I may need to reassign it to someone Thanks

Victoria Bachlowa says:

If an assignor renegs on the deal and refuses to close because they figured out they could get more money and the assignment was already approved by the builder and all conditions fulfilled what can the Assignee do. I have $33,000 dollars in trust in the real estate’s trust fund. They sent me a mutual release which I have not signed. The interim occupancy is Feb. 1 and the closing is schedule for Mar. 1, 2019. I have financing in place, was ready to move in Feb. 1 and I have no where to live.

Definitely talk to your lawyer right away. They’ll want to look at your agreement of purchase and sale and will be able to advise you.

With assignment sales, there are essentially 2 closings: the closing between the Assignor and the Assignee, and the closing between the Assignee and the Builder. With the first closing (the assignment closing) the original purchaser receives their deposit + any profit (or their deposit less any loss) from the Assignee. Can I assume that these closing happen at the same time? I’m not sure how and when I would be paid as the Assignor.

What happens to the deposits or any profits already paid if the developer cancels the project after an assignment?

Hi, Did you get answer to this? I did an assignment sale last year and now the builder is not completing apparently and they are asking for their money back. Can they do that? After legal transactions, the lawyer simply said “the deal didn’t go through”. Apparently builder and the person who assumed the assignment agreed on taking out the deal. What do I have to pay back after it was done a year ago

This is definitely a question for your lawyer – as realtors we are not involved in that part of the transaction. I would expect that just as the builder would have to refund your deposits, you would likely need to do the same…but talk to your lawyer. As to whether the builder can cancel a project, yes they always reserve that right (but the details of how and under what circumstances would be in your original purchase agreement). It’s one of the annoying risks in buying preconstruction!

I completed the sale of my assignment in Dec 2015 however the CRA says I should be reporting the capital income in 2016 when the assignee closed his deal with the developer in July 2016. That makes no sense to me since I got all my money in Dec 2015. Can you supply any clarification on that CRA policy please?

You’d have to talk to the CRA or an accountant – we’re real estate agents,so we can’t give tax advice.

Hassan says:

Hello, You said that there are two closings. The first one between the assignor and the assignee and the second one between the builder and the new buyer (assignee). My question is that in the first closing does the assignee have to pay the assignor the deposit they have paid and any profit in cash or will the bank add this to the assignee’s mortgage?

The person doing the assigning usually gets their money at the first closing.

Kathy says:

What is the typical real estate free to assign your contract with the builder ?

Hi Kathy While we do few assignments (as they are rarely successful, and builders do not make it easy), in past we have charged more or less the same as we do for a typical resale listing. While there are elements to assignments that should be easier than a resale (eg staging), many other aspects of assignments are much MORE time-consuming, and the risk much higher since attempts to find a buyer for assignments are often unsuccessful. It’s also important to note that due to the extra complication, lawyer’s fees to assign are typically higher than resale as well–although more $ for the purchase side vs the sale side.

Mitul Patel says:

If assignee has paid small amount of deposit plus the original 25% deposit that the assignor has paid to the builder and gets the Keys to the unit since interim possession has been completed, when the condo registration is done and assignee is getting mortgage from the Bank or Pays the remaining balance to the Builder using his savings and decides not to pay the Balance of the Profit amount to Assignor, what are the possibilities in this kind of scenario?

You’d need to talk to a lawyer to find out the options.

David says:

How much exactly do brokers get paid at sale of Assignment? i.e. Would the broker’s fee be a % of your assignment selling price or your home’s selling price? I’m really looking for a clear answer.

I am using this website’s calculator associated with selling your home in Ontario. But there is no information on selling assignments. https://wowa.ca/calculators/commission-calculator-ontario

Realtors set their own commission, so there is no set fee- that website is likely the commission that that agent offers. We often see commissions of 4-5% for assignments. The fee is a % of the price of the assignment – for example, you originally bought for $500K; you’re now assigning for $600K – commission would be payable on the $600K.

Candace says:

Question: if i bought a pre construction condo, can i sell it as soon as it closes or do i have to live in it for 1 year after closing in order to avoid capital gains taxes?

Or does the 1 year start as soon as you move in?

I would suggest you talk to your accountant re: HST credit implications and capital gains, but if you sell it for more than you paid for it, capital gains usually apply.

You mention avoid paying HST when you assign your property. What is the HST based on? It’s not a commercial property that you would pay HST. Explain. Thanks.

HST and assignments are complex and this question is best answered specific to your situation by your accountant and real estate lawyer. In some cases HST is applicable on assignment profits – more details can be found on the CRA website here:

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/gi-120/assignment-a-purchase-sale-agreement-a-new-house-condominium-unit.html

If you are a podcast listener, the true condos podcast is also a great resource.

https://truecondos.com/cra-cracking-down-on-assignments/

heres one for your comment, purchase pre construction from builder beginning of 2021, to be finished end of 2021, (semi detached) here we are end of 2022, both units are now ready. Had one assigned but because builder didnt accept within certain time frame(they also had a 90 day clause wherein we couldnt assign prior to 90 less firm closing date (WHICH MOVED 4 TIMES). Anyrate now we have a new assinor but the builder says we are in default from the first one and wants 50k to do the assignment (the agreement lists the possibility of assigning for 12k) Also this deal would include us loosing our whole deposit and paying the 12k(plus fees) would be in addition too the 130k we are already loosing. The second property we are trying to close but interest rates are riducous, together with closing costs(currently mortgage company is asking that my wife be added to that one, afraid to even ask this builder. Any advice on how to deal with this asshole greedy builder? We are simply asking for assignment as per contract and a small extension for the new buyer(week or two) Appreciate any advice. Thank you

Dealing with builders/developers can be extremely painful, much worse than resale transactions in our experience. Their contracts are written to protect THEM. Unfortunately all I can say is follow the advice of your lawyer.

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Assignment Sale: A Guide

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Looking at purchasing a pre-construction condo? You may have come across the term “Assignment”. Here’s the info on the Assignment Sale and some useful information you should know before you begin.

What is an Assignment Sale?

An Assignment Sale occurs when a buyer successfully allows a third party to assume the rights and responsibilities of an Agreement of Purchase and Sale, prior to completion of the transaction.

The third party, known as the “assignee”, then completes the transaction with the original seller. The original buyer (assignor) is free of all obligations to the transaction.

Sales of Pre-construction condominiums typically begin years before construction & occupancy. Due to this protracted period of time, scenarios arise in which the original buyer doesn’t need or want the unit.

For example, the buyer may have:

• Encountered financial difficulty
• Moved to a new city, or
• Found a resale property instead

Assignment sales can be used as a means to profit via the market. For example, a buyer who is bullish on market conditions may begin by purchasing 3 pre-construction units. In the next year, the market rises to his favour, increasing the value of pre-construction units. He may then wish to list and sell two of those units, keeping only one for himself. In this scenario, the buyer has just made a profit from the two additional units & secured the base price in the building for himself.

How Does an Assignment Sale Work?

Not all builders will allow assignment sales. This is usually done to prevent “flippers” from purchasing the condo and reselling it prior to closing.

However, builders that allow assignments of pre-construction condos, will usually require that they are paid a portion of the difference.

Assuming the developer permits the assignment to occur, the seller will instruct the buyer to pay a sum of money on or before closing of the transaction. This sum is usually the difference between what the seller contracted to pay for the unit originally, and the amount that the seller has agreed to assign for.

The Seller then provides the buyer and developer with a “Direction Regarding Title”, allowing the property to be placed into the name of the new owner at the point of closing.

A prudent seller, when assigning a condominium, will also require the buyer and developer to sign a release which absolves the seller of all further liability.

Assignment Sales: More Than Just Condos.

Its important to remember that a buyer could assign ANY contract with a provision to do so. Resale homes, multi-residential investments, and condos, both pre and post-construction can all be assigned prior to closing.

This is important to understand when selling a home. A purchaser could sense an opportunity and contract your property with provisions for assignment. They could then assign the property to another buyer for a higher amount and pocket the difference.

Assignment sales, however, are not always profitable. Developers who price their condo based on market speculation at the time of occupancy may cause units to be overpriced. In the event the market takes a downturn, a potential assignment could be listed at less than the original purchase price. In this scenario, the initial speculative investor would lose money on their investment.

What to Look For in an Assignment Sale

If you’re looking to assign your pre-construction condo, its typical to ask for a deposit equal to that of what you may have paid to the developer, to ensure that your initial cost is recovered. The remainder of the payment terms can then be negotiated with your potential buyer.

An Assignment Sale can be an incredible opportunity to purchase a unit that you may have missed during the pre-construction sale phase. Even if an assignment is selling for double its original price, the unit could still be worth more upon completion. It’s important to ensure that your best interests are being considered in this regard. Contact Us for more information regarding Assignment Sales and the pre-construction condo world.

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Navigating Real Estate Assignment Sales in Ontario

The real estate landscape in the Greater Toronto Area (GTA) is constantly evolving, and for those in pursuit of the perfect property, understanding the nuances of assignment sales can be a game-changer. In this guide, we'll delve into key questions about assignment sales in Ontario and introduce you to the easiest way to discover these opportunities — the Listo platform.

1. What are assignment listings?

Assignment listings present a unique opportunity for prospective homebuyers. An assignment sale occurs when a current homeowner sells their pre-construction property before it is officially completed. The buyer (assignee) steps into the shoes of the original purchaser, assuming the rights and obligations of the initial contract. This arrangement allows for flexibility in ownership and often comes with its own set of advantages.

2. How does assignment sale work in Ontario?

Understanding the intricacies of assignment sales in Ontario is vital for anyone considering this path. Please feel free to get in touch with Listo, and one of our capable real estate agents can walk you through the process.

3. Where to find assignment listings in Ontario?

At listo, we've tried to make it easy to discover assignment sales across various regions in Ontario —  Listo .

Assignment sales by areas:

Assignment sales by neighborhoods:.

• Richmond Hill
• Whitchurch-Stouffville
• East Gwillimbury
• Georgina Islands
• Mississauga

4. List Your Own Assignment Sale for Free on Listo

You can easily list/post your own assignment sale for free on Listo by visiting the following link:  List Your Property .

In the upcoming sections, we'll further explore the unique features of Listo and how you can leverage this platform to make the most of your real estate journey.

Stay tuned for valuable insights!

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What Is an Assignment Sale? Understanding the Ins and Outs of This Real Estate Process

An assignment sale occurs when the original buyer of a property (the assignor) transfers their rights and obligations of the property contract to another buyer (the assignee) before the official closing of the sale.

This process allows the assignee to step into the original purchaser's shoes, taking on the commitments of the property purchase, which could be a pre-construction condo, house, or any other form of real estate.

Now, let's delve deeper into understanding how assignment sales work, their intricacies, and what they mean for buyers and sellers in the real estate market.

Demystifying the Elements of an Assignment Sale

Embarking on a real estate journey often introduces many terms and processes that may seem complex at first glance, with 'assignment sales' leading the pack in complexity and confusion.

Whether you're the original buyer looking to navigate away from closing costs or a savvy purchaser hunting for a valuable investment, understanding the nuts and bolts of assignment sales is an invaluable asset in the dynamic landscape of real estate.

How Assignment Sales Work

Assignment sales introduce a unique dynamic in real estate transactions, particularly in bustling markets like Vancouver Island and the Sunshine Coast .

When you buy a pre-construction unit, the property is yours, albeit not immediately ready for occupation. Life changes or financial circumstances sometimes evolve between the original purchase agreement and the final closing, necessitating a shift in plan.

Here's where assignment sales come into play. The original buyer can sell their interest in the property before the final sale, sidestepping typical hurdles like mortgage payments or land transfer taxes that come with a regular sale. This method provides a strategic avenue for purchasers to hand over their contractual obligations to another party without waiting for the property's completion.

The Assignment Clause: A Vital Cog in the Wheel

The assignment clause in the original contract is central to these types of transactions. This clause allows the transfer of the buyer's rights and responsibilities to another person.

It's crucial to understand that not all pre-construction sales agreements have an assignment clause, and most builders or developers might impose restrictions or require consent before any assignment deal can proceed.

Understanding the Financials: Costs and Fees

Engaging in assignment sales tends to involve several costs that both the buyer and seller must anticipate.

These include the assignment fee charged by the developer, legal fees for contract transfer, and possibly higher legal fees due to the complexity compared to a resale property. There could also be tax implications depending on the nature of the transaction and the parties involved.

Navigating Through the Interim Occupancy Period

A common scenario in assignment sales, especially in pre-construction condos, is dealing with the interim occupancy period.

This period arises when the assignee can take possession (though not ownership) of the unit while the property is not officially registered. During this phase, the assignee pays occupancy fees, akin to rent, which don't go towards mortgage payments.

Understanding this period helps both parties make an informed decision and prepare for the financial responsibilities it entails.

The Pros and Cons of Assignment Sales

Navigating assignment sales requires a balanced understanding of its advantages and drawbacks. While these transactions open avenues for lucrative deals and flexible arrangements, they also carry inherent risks and complexities that can impact buyers and sellers.

This exploration will provide clear insights, aiding your decision-making in the vibrant real estate market.

The Bright Side: Benefits of Assignment Sales

• Less Competition, More Opportunities: One advantage that makes assignment sales attractive, particularly in areas prone to bidding wars like Vancouver Island , is less competition. Fewer buyers are willing or informed about engaging in this kind of sales transaction, reducing the frenzy often seen in hot real estate markets. This situation can present a more favourable buying environment for those ready and willing to proceed with an assignment purchase.
• Potential for a Better Deal: For buyers, assignment sales sometimes offer the opportunity to get into a brand-new unit at a potentially lower cost. Since the assignee is stepping into an existing agreement, they might benefit from the original purchase price, which could be lower than current market rates, especially in fast-growing communities.
• Flexibility for the Original Buyer: For the original buyer, an assignment sale offers a way out, potentially recouping the deposit paid and avoiding financial penalties that might come with breaking a purchase agreement. This strategy can be particularly advantageous if the purchaser's circumstances change and needs to free up cash or avoid taking on a mortgage.

The Flip Side: Challenges and Risks of Assignment Sales

• Complexity and Higher Legal Fees: Assignment sales are not your straightforward real estate transaction. They require additional steps, such as securing the developer's consent, and the legal process is more complex than purchasing resale properties. As a result, both parties might incur higher legal fees to facilitate the transaction.
• Financial Overheads and Closing Costs: For the assignee, the initial cost outlay can be substantial for the assignee. They must reimburse the original buyer's deposit, pay the assignment fee, cover land transfer taxes, and prepare for other closing costs. These expenses require careful consideration and financial planning.
• Uncertainties and Marketing Restrictions: In some cases, developers impose marketing restrictions, making it challenging to advertise the assignment sale. Additionally, the assignee, now the new buyer, takes on certain risks like development charges or changes in market conditions, which could affect the property's value upon final closing.

Making the Move: Deciding If an Assignment Sale Is Right for You

Deciding to engage in an assignment sale is a pivotal moment, requiring a blend of financial foresight and market understanding.

As we delve into this decision-making process, we'll consider critical personal and economic factors that ensure you're making a choice that aligns with your real estate ambitions and lifestyle aspirations.

Conduct Due Diligence: Know What You're Getting Into

Involving real estate agents experienced in assignment sales is a prudent step for guidance through the intricacies of these transactions.

Also, consulting with a real estate lawyer ensures you understand the legalities, your rights, and any potential liabilities you might be assuming.

Consider Your Financial Standing and Long-Term Goals

Reflect on your current financial health and future plans.

For original buyers, if life changes dictate a change in your real estate investments, an assignment sale could be a viable exit. For potential assignees, consider whether this buying pathway aligns with your investment strategy and if you're comfortable with the associated risks.

Stay Informed About Market Conditions

Market dynamics greatly influence real estate valuations. A clear picture of current trends, especially in your buying area (like Fort St John or cities in the Okanagan ), helps make an informed decision.

Understanding these trends could offer insights into whether you're setting yourself up for a profitable investment or a potential financial misstep.

Bringing It All Home with LoyalHomes.ca

Navigating the world of assignment sales can be a complex journey, laden with opportunities and pitfalls. Whether you're considering selling your contractual rights or stepping into an existing purchase agreement, the route is layered with legal, financial, and market considerations.

At Loyal Homes, we understand that your real estate journey is more than just a transaction; it's a pivotal chapter in your life story. We're here to guide you through each step, ensuring you're equipped with the local, accurate, and relevant information to make decisions confidently. Our team is committed to providing a service that stands a notch above the rest, focusing on relationships and community at its core.

Ready to take the next step in your real estate adventure in British Columbia? Whether it's finding the perfect neighbourhood, exploring investment opportunities, or seeking your dream home, we're here to assist.

For a personalized experience tailored to your unique needs, consider our Personalized Home Search . If you're on the selling side and need to understand your property's current market standing, request a Free Home Valuation . Or, for any other inquiries or guidance, feel free to contact us . Your journey to a successful real estate experience in British Columbia starts with LoyalHomes.ca, where your peace of mind is our highest priority.

Frequently Asked Questions

Is it good to buy an assignment sale.

Buying an assignment sale can be advantageous, offering lower purchase prices compared to current market rates for similar properties, especially in hot real estate markets. However, this venture also requires thorough due diligence to ensure that the agreement terms, property details, and financial implications align with your investment goals.

Can You Make Money on an Assignment Sale?

Yes, there is a potential to make money on an assignment sale, particularly if the property's value has increased since the original purchase date. This profit occurs due to appreciation over the period, especially in high-demand areas, but it's crucial to factor in any assignment fees, legal costs, and tax implications to understand the net gainfully.

What Are the Risks of Buying an Assignment Sale?

The risks include a lack of guarantees on the final product as specifications might change, potential delays in construction, and complexities in financing, often requiring a more substantial initial deposit. These elements underscore the importance of legal counsel to navigate contract specifics and to prepare for any contingencies or additional costs.

How Do I Sell My Pre-Construction Assignment?

Selling a pre-construction assignment involves marketing to potential buyers, typically requiring the developer's consent and possibly entailing a fee. Engaging with a real estate professional who understands the local market nuances and legalities of assignment sales is essential to ensure a smooth, compliant transaction.

Do I Pay Tax on Assignment Sale?

Tax implications on assignment sales can be multifaceted, potentially involving income tax on profits and GST/HST on the purchase, depending on factors like the property type and the seller's tax status. It's advisable to consult with a tax professional to accurately determine specific obligations and strategize for tax efficiency based on your circumstances.

What Is the Difference Between a Transfer and an Assignment?

A transfer and an assignment differ significantly; a transfer involves changing property ownership after a project's completion, whereas an assignment sells one's interest in a property before it's finished. Understanding this distinction is crucial as it affects the contractual obligations, rights transferred to the new buyer, and the legal and financial processes involved in the transaction.

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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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Assignment Sales in Canada: What You Need to Know as a Buyer

• Closing cost in Ontario

What is an assignment sale?                                                                                                                                                                                                                                                                            We get this question quite often from both investors and end-users when it comes to the Toronto condo market, especially with the dramatic rise in condo buildings and pre-construction sales. Assignment sales can be a great opportunity for everyone involved, from the seller to the buyer. But working with a seasoned real estate broker is one of the most important things you can do. An assignment sale isn’t a typical transaction and there are many things you need to know before moving forward. Additionally here some useful facts about to Maximizing Your Investment in the  role of Amenities in Real Estate Purchases and Investments in Canada

What Does an Assignment Sale Mean? 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. In other words, an assignment clause allows the buyer of a home to sell the place before they take possession of it. Although an assignment sale is possible for both home and condos, it’s much more popular among condo pre-construction buyers. here some important Frequently asked questions about Inspection.

Assignment Sales

Why Would Someone Want to Sell Their condos on Assignment? With pre-construction condo purchases, the sale of suites typically takes place several years before the building is built. It’s a long time in between buying the suite and actually taking occupancy of it. And with this lag time comes life changes – a new job outside of the city or in a different province, a new family that’s expanding with children, etc. What worked for a particular buyer years ago may not be the current case at closing time.

Financial reasons is also another reason to sell on assignment. Perhaps the purchaser can no longer be able to close on the condo, or perhaps it’s an investor who bought pre-construction with no intention of closing on them, therefore using an assignment sale strategy to profit, based on quick appreciation in the area.

Often with pre-construction sales, there’s a long lag between when the original contract is entered into, when the Buyer can move in (the interim occupancy period) and the final closing. It’s not uncommon for a Buyer’s circumstances to change during that time…new job out of the city, new husband or wife, new set of twins, etc. What worked for a Buyer’s lifestyle 4 years ago doesn’t always work come closing time.

How Do Assignment Sales Work? We completed an assignment sale for a client at 87 Peter Street which was a new building that has occupied, but not registered yet. Our client purchased a 1-bedroom, 1-bathroom condo pre-construction for $320,000.00. He was looking to sell the unit on assignment and listed it at $525,000.00. We received an offer of $500,000 which the seller was comfortable accepting. Additionally Click here for know about Tax Exposure.

Typically, when assignment sales takes place, the seller is looking for a buyer who can provide him with a purchase deposit that equals what he had to put down – usually 20% of the original purchase price. After providing the seller with this sum, the deposit paid to the builder now becomes the new purchasers deposit . Any upside to the seller can be paid based on the negotiated terms – sometimes when the seller gets a mortgage for the condo, or even earlier – it’s all based on terms of the assignment deal.

Overall, assignments sales are not to be overlooked – there can be some fantastic opportunities to get into a highly desirable building that you may have missed out on or purchase a condo that you may otherwise not have had access to. But the importance of working with a realtor and lawyer who know the ins and outs of these deals is the key to making them work for you. Additionally here is the some more details about assignments sales.suggested by RECO

If you’re interested in learning more about Assignment Sale and some of the great opportunities currently available, Contact us  if you’re looking for a  Pre-construction condo  in the  GTA .

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Assignment Sale LOCATION! Location! Dont miss out on this stunning 3 Bed 3 Bath Townhome In The Heart Of Port Whitby Built By Renowned Builder...

Assignment Sale Brand New 1439 Sqft 2-Storey Townhome In The Quaint Community Of Brooklin. 3 Spacious Bedrooms, 2.5 Baths. 2 Parking Spaces...

Assignment Sale. Newly Built Never Lived In & Move In Ready Detached On One Of The Largest Premium Pie Lots Thats Backing Onto Open Space In...

Property taxes have not been backssed. This is an assignment sale This property features 3 bedrooms and two bathrooms. With a walkway to the...

Freehold Townhouse Assignment For Sale In Whitby Whitby Durham Ontario just 10 deposit occupancy fall 2023...

SELLING AT LOSS Welcome to Harbour Ten10 Condos, planned as a spectacular boutique residential building in the heart of Whitby . Expect luxury...

Assignment sale location. Location. 1862 square feet, 3 bedrooms & 3 bathrooms near 401brock st. In whitby . Tentative occupancy november 2023...

This Is An Assignment Sale. Builders Under Construction Freehold 2 Storey Townhome In The Sought After Whitby Community By Fieldgate Homes!...

Assignment Sale 3 Bed 2.5 Bath 3 Storey End Townhome With Pie Shaped Backyard, Occupancy August 31st 2023, Balcony Off Master, Recreation Room...

Being sold by builder (Not an assignment sale). Under construction full brick builders inventory freehold town (no maintenance or condo fees)...

Assignment Sale. Medallion Home Under Construction. Whitby Whitby Durham Ontario brand new under construction detached home on assignment sale...

Assignment Sale. Beautiful 3 bed 3 bath Townhome (POTL) in the port of Whitby built by Andrin Homes. 9 ceilings on the main floor & 8 ceilings...

Assignment For Sale In Bowmanville Whitby Durham Ontario assignment for sale in bowmanville. 45039 concern lot wider size than other 45039 lot...

5640-- / -br. 1557ft2. * assignment Listing*. 3 Bdrm Town I Whitby Durham Ontario brand new 3-storey townhouse in downtown whitby 1557 sqft of...

Whitby , on (3 Bedroom 3 Bathrooms) Whitby Durham Ontario assignment sale beautiful 3 bed 3 bath townhome potl in the port of whitby built by...

Exciting chance for assignment at The Landing Condos at Whitby Harbour! Conveniently located near Hwy 401/407 & Whitby Go, with proximity to...

Assignment Sale*. Brock St S/victoria St E Whitby Durham Ontario price 845000 3---mo assignment sale 1862 square feet 3 bedrooms ampamp 3...

Assignment Sale In North Oshawa. Lots Of Upgrades! Whitby Durham Ontario this brand new end unit 31 bedroom townhouse in north oshawa wilson...

New Build Freehold Town Home For Sale — Priced To Sell Whitby Durham Ontario. New build town home. Located in whitby dundas and anderson area...

Assignment sale in Whitby Freehold town closing mid 2023 Toronto Toronto Ontario assignment sale traditional 2 storey townhouse in top...

Whitby Port 100 freehold 24 feet townhouse Assignment 楼花转让 Toronto Toronto Ontario port whitby 100 free hold townhouseon sobczak drdufferin...

Assignment Sale. Wake up to the serene embrace of Lake Ontario's tranquil shores and the warmth of family living in your brand new...

6819 BALDWIN ST N Whitby Ontario Toronto Toronto Ontario mls e5999--- assignment sale brand new 1439 sqft 2storey townhome in the quaint...

86 CLOSSON DR Whitby Ontario Toronto Toronto Ontario mls e5977--- assignment sale newly builtnever lived in move in ready detached on one of...

Very Bright 4 Bed Detached Home In Whitby Oshawa Durham Ontario an incredible and exquisitely designed and built 36 single detached home near...

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The Comprehensive Guide to Assignment Sale in Canada

Assignment sale has become increasingly popular in the Canadian real estate market, offering buyers and sellers a unique opportunity to participate in property transactions before the completion of construction or even before taking ownership.

In an assignment sale, the original purchaser (the assignor) sells their rights and obligations under the purchase agreement to a new buyer (the assignee), who completes the transaction with the developer.

This post aims to provide a comprehensive overview of assignment sales , covering the legalities, pros and cons, and practical tips for both buyers and sellers.

By understanding the intricacies of assignment sales, individuals can make informed decisions, maximize opportunities, and navigate the process with confidence.

Assignment Sale in the Pre-Construction Real Estate Market

So, you have probably heard the term “assignment sale” thrown around in the Canadian real estate market, but what does it actually mean?

Well, in simple terms, a pre construction assignment sale occurs when a buyer of a property decides to sell their rights and obligations under the original purchase agreement to another buyer before the property is officially completed

It allows buyers to enter the real estate market without having to take ownership of the property and offers a chance to make a return on investment even before the property is built.

Unlocking the Key Elements of a Successful Assignment Sale

1. the legal framework.

Assignment sales are subject to various provincial and municipal regulations, which can differ from one jurisdiction to another. It is crucial to familiarize yourself with these regulations to ensure compliance and a smooth transaction.

2. Assignor and Assignee Rights and Responsibilities

Both assignors and assignees have rights and responsibilities when it comes to assignment sales. For assignors, it’s important to understand their obligations under the builder agreement and any restrictions on assigning the property.

Assignees, on the other hand, must thoroughly review the assignment agreement and conduct due diligence on the property before finalizing the deal.

3. Disclosures and Documentation Requirements

Transparency is key to a successful assignment sale. All parties involved must provide full disclosures of any relevant information to ensure a fair and informed transaction. Documentation requirements may include the assignment agreement, builder consent, and any additional documents required by the developer or municipality.

How Pre Construction Assignment Sale Beneficial for Both the Buyer and the Seller?

Assignment sales can indeed offer mutual benefits for both the buyer and the seller. Here are some benefits for each party:

Benefits for the Seller (Assignor)

• Profit Opportunity: The original buyer can capitalize on potential market appreciation by selling the property at a higher price than the contracted purchase price. This allows the seller to make a profit without actually taking ownership of the property.
• Avoiding Closing Costs: By assigning the contract, the original buyer can often avoid some of the closing costs associated with taking possession of the property, such as land transfer taxes and registration fees.
• Flexible Exit: If the original buyer’s circumstances change, and they are unable or unwilling to complete the purchase, assigning the contract provides a way to exit the deal without defaulting on the agreement.

Benefits for the Buyer (Assignee)

• Potential Discount: The assignee may have the opportunity to purchase the property at a lower price than the market value at the time of completion. It can be especially advantageous if property values are expected to rise.
• Locking in Pre-construction Prices: Assignees can secure a property at pre-construction prices, which might be lower than the prices of completed units in the same development.
• Avoiding Bidding Wars: In competitive real estate markets, getting involved in a pre-construction assignment can allow a buyer to secure a property without participating in bidding wars that often occur with existing homes.
• Customization: In some cases, the assignee may have the option to customize certain features or finishes in the property since the sale is occurring before construction is complete.

Is Buying Assignments Really Worth the Cost?

Whether it’s worth it to buy an assignment depends on various factors, and individuals should carefully consider their circumstances, goals, and the specifics of the assignment opportunity.

Here are some factors to consider when determining the value of buying an assignment:

• Purchase Price vs. Market Value: Assess whether the assigned property’s purchase price is reasonable compared to its current market value. If the property has appreciated significantly since the original purchase agreement, it could be a good deal.
• Assignment Fees and Costs : Take into account any fees associated with the assignment, such as the assignment fee charged by the original buyer (assignor) and any processing fees imposed by the developer. These costs can affect the overall affordability.
• Market Appreciation Potential: Assess the potential for future market appreciation. If the assigned property is in a rapidly growing area or is expected to see increased demand, it could be a wise investment.
• Financing and Affordability: Consider your financial situation and ability to secure financing. Determine if the assigned property fits within your budget and financial goals.
• Timing: Consider the timing of the assignment. If you are in a rush to secure a property, an assignment may offer a quicker path to ownership compared to waiting for a new construction project to be completed.
• Resale Potential: Calculate the resale value of the property. Even if you don’t plan to live in the property long-term, its future resale value is an important consideration.

How Assignment Sale Work?

Assignment sales in real estate involve transferring a buyer’s rights and obligations in a purchase agreement to another party before the property is completed and officially transferred to the original buyer.

Here’s a step-by-step overview of how assignment sales typically work:

• Original Purchase Agreement: The process begins when an initial buyer (the assignor) signs a purchase agreement with a developer to buy a property during the pre-construction phase.
• Assignment Decision: The original buyer decides to assign their rights to the property to another buyer (the assignee). This decision could be influenced by changes in personal circumstances, investment opportunities, or other factors.
• Negotiation between Assignor and Assignee: The assignor and assignee negotiate the terms of the assignment, including the assignment fee. The assignment fee is the amount the assignee pays to the assignor for the right to step into the original purchase agreement.
• Assignment Agreement: An assignment agreement is drawn up to formalize the rights transfer. This document outlines the terms of the assignment, including the assignment fee, any conditions set by the developer for approval, and the responsibilities of each party.
• Developer’s Approval: The assignment agreement is submitted to the developer for approval. Developers typically have the right to review and approve or reject assignment agreements. They may charge a fee for processing the assignment.
• Assignment Fee Payment : Once the assignment is approved, the assignee pays the assignment fee to the assignor. This fee is in addition to any remaining balance the original buyer owes to the developer under the initial purchase agreement.
• Closing the Assignment: The assignment is closed, and the assignee assumes the rights and obligations outlined in the original purchase agreement. The assignee now becomes the new buyer of the property.
• Completion of the Property : When the construction is completed, the property is officially transferred to the assignee. The assignee takes possession of the property without being involved in the original pre-construction purchase process.

Exploring the Diversity of Assignment Sale: Beyond the Condo Market

While assignment sales are associated with condominiums, as many assignment listings are condos, it’s important to note that assignment sales can involve more than just condos.

Assignment sales can occur with various types of real estate, including:

Single-Family Homes

In some cases, individuals may enter into pre-construction agreements to purchase single-family homes. Assigning the rights to such agreements can also be done, although it might be less common than with condominiums.

Townhouses, like condos, are often subject to pre-construction sales. Assigning the purchase agreement for a pre-construction townhouse can provide similar opportunities for both the original buyer (assignor) and the new buyer (assignee).

Commercial Real Estate

While less common, assignment sales can also occur in the commercial real estate sector. For example, a business owner who has agreed to purchase commercial space in a pre-construction project might choose to assign that agreement to another party.

Land and Lots

In situations where developers sell pre-construction lots or parcels of land, assignment sales can involve the transfer of the right to purchase and develop that land.

Fractional Ownership

Assignment sales can also apply to fractional ownership arrangements, where an individual has agreed to purchase a fraction of a property (such as a vacation home) during the pre-construction phase.

Remember, selling through an assignment sale requires careful consideration and planning. By understanding the market demand, improving the property’s appeal, negotiating favorable terms, and seeking professional advice.

You should know three essential things before purchasing an assignment to increase your profitability and minimize potential pitfalls in the process.

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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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** Assignment Sale ** Attention First Time Home Buyers/ Investors, This End Unit Condo Townhome (Bronte End Unit Model) Features Spacious & Bright, 2 Bedrooms, 2 Full Bathrooms (1068 Sqft) , Living Plus 2.5% patio space leading up to the front door. Great investment without having to wait years for the...

Find your serenity and move in this year to this rare mid-rise community in Milton , by Mattamy Homes! Treat yourself to exclusive amenities in the clubhouse building boasting a state-of-the-art fitness facility, party room, movie theatre, and rooftop terrace with dining and fireside seating. This open and...

610-460 Gordon Krantz Ave - Condominium for Sale in Walker, Milton | W7311418

Assignment Sale ! Aurora Model Feat. An Open Concept 551 Sqft 58 Sqft Glass Enclosed Balcony- can be used as office or den Beautiful New Development w/ Rooftop Gardens, Gym, Thousands of $$$ upgrades High End Luxury Upgrades-Whole suite Motorized window covings, Media wall upgrade TV mounting framing, 90...

502-460 Gordon Krantz Ave - Condominium for Sale in Walker, Milton | W7241726

Assignment sale . Great Opportunity to Own One In Milton 's Best Location. Walking Distance To The Milton Education Village, Wilfrid Laurier University and Conestoga College. This Corner Lot Unit Has 623 Sqft 65 Sqft of Open Balcony 9 Ft Ceiling with EV Park. The kitchen cabinet is raised to the ceiling. The...

221-6396 Tremaine Rd - Condominium for Sale in Walker, Milton | W7230428

ASSIGNMENT SALE : At Soleil Condos life moves with the sun, rising to the wealth of natural and urban amenities. Proximity to parkland, and to places that enrich your every day. Rattlesnake Point in your backyard and work-from-home spaces are just steps away. With Milton as your backdrop, discover a condo...

611-460 Gordon Krantz Ave - Condominium for Sale in Walker, Milton | W7009692

Highly Desired Aurora Model Featuring An Open Concept 1 Bedroom Condo In Mattamy's Soliel Condos Can Be Yours Today! Well Designed Nest Boasts 551 Sqft Of Living Space 58Sqft Private Balcony. Rich Blend of Composite Flooring, Countertops & Kitchen Cabinetry Color Schemes. Modern Finishing Matching...

319-460 Gordon Krantz Ave - Condominium for Sale in Ford, Milton | W6788306

Welcome to Soleil Condos 1 By Mattamy Homes, This open Concept 1 Bedroom Den Condo can be yours today, featuring a bright 613 Sqft 63 Sqft Private Balcony To Enjoy The beautiful views of the escarpment (North West Facing). Over $15k of Upgrades including Vinyl Floor Matching With Quartz Counter and...

203-460 Gordon Krantz Ave - Condominium for Sale in Walker, Milton | W6773972

Assignment Sale . Discover the epitome of contemporary living at Soleil Condos by Mattamy Homes. This remarkable 1-bedroom plus den unit is a true sanctuary of comfort and style. Embrace the spaciousness with 10ft ceilings across 695sqft, complemented by a charming 62 sqft balcony for your private retreat....

W6751380 | Condominium for Sale | 217-470 Gordon Krantz Ave S | Walker, Milton

Assignment sale . Benefit from one year of complimentary maintenance fees and no development charges, among other advantages! Experience modern living at an affordable rate in the sought-after Milton area, ideally located adjacent to the Milton Education Village. This promises to be a future educational hub...

Condo for Sale in Milton, Ontario

Condo for Sale in Milton , Ontario. Asking price: 629,000 CAD. Bedrooms: 2. Bathrooms: 2. More Information and Features: oakville condos, assignment condo sale , Remax agent, Erik Taylor Realtor, Erik Taylor remax, 6Ixth Condos for sale .

Assignment Sale Condos, Townhouses, Semi's, Detached

Mississauga, Peel

• 3 bathrooms

Direct buyers only! If an assignment sale is what you are searching for , look no further. We have many assignment listings but are restricted on advertising them. SERIOUS INQUIRIES ONLY Leave us a message with what you're looking for and your contact informationAssignments available in : Mississauga,...

Luxury New Condo's In Milton Starting From **LOW $450K**

Oakville, Ontario

**PHASE 1** of 6 Spacious & Luxury Condo Living From $450K In The City Of Milton PHASE 1 of a 6 Phase Development DON'T MISS THIS OPPORTUNITY* For A Limited Time Only Up to $80,000 in Incentives* Condos Highlights & Incentives: ️ONLY 10% Down Deposit Structure* ️FREE Parking Included for All Suites (Value...

Freehold townhomes in Milton

Freehold Townhomes & Detached in Milton Starting Low $1M Prime MILTON , ON Location Closing in 2025 Assignment available Free Decor Dollars Upto 5 Bed options For VVIP Access to this development Contact:- Ammy Khullar 647-372-0007 |

1440 CLARRIAGE Court Unit# 202 Milton, Ontario

MLS #40572039 Assignment sale at MV1 Condos in Milton Village! One bedroom DEN and two bathroom unit is not to be missed! Spectacular features include 9 ft ceilings, modern kitchen, quartz countertops. Open concept kitchen/living area with access to private well sized balcony. Primary bedroom with large...

Connectt Condos Coming Soon To Milton Register For VIP Pricing

Milton is a star on the rise! The city has witnessed incredible growth in recent years, earning the title as one of Canada s fastest-growing cities, which makes for a great opportunity to invest -- and we have just the right thing! Introducing Connectt Urban Community, a new Master-Planned Community...

Sienna Tower 2 Pre Launch | Thompson Tower 1 SOLD OUT |

Thompson Tower 1 was a huge success Sienna releasing soon Guaranteed Allocation Secure your unit now before the launchPLATINUM INCENTIVE PACKAGEEXTENDED DEPOSIT STRUCTURE $5,000 on signing Balance to 5% in 30 days 2.5% in 180 days 2.5% in 365days 2.5% in 545days 2.5% in 725daysLIMITED TIME INCENTIVES FREE...

Connectt Condos | FREE Parking & Locker

Few Units Remaining 1 Bed, 1 Bed Den, 2 Bed and 2 Bed Den AvailableParking & Locker Included Capped Development Charges Right to lease Assignment Permitted Closing Fall 2025

Soleil | 7.5% DOWN ONLY | Up To $100,000 DISCOUNT

$5,000 on Signing Balance to 5% in 30 days 2.5% in 240 days 2.5% on OccupancyUp to $100,000 Credit on Closing1 FREE Parking for all suites 2 FREE Parking for suites 900sqft or larger 1 FREE Storage Locker $0 Development Levies FREE Assignment Fee & Right To Lease During Occupancy

1440 Clarriage Crt

Assignment sale at MV1 Condos in Milton Village! One bedroom DEN and two bathroom unit is not to be missed! Spectacular features include 9 ft ceilings, modern kitchen, quartz countertops. Open concept kitchen/living area with access to private well sized balcony. Primary bedroom with large window...

Mile & Creek FINAL PHASE | Almost Sold Out | FREE PARKING |

From 550k Spring 2026 OccupancyONLY 10% DEPOSIT! ONE PARKING INCLUDED!SECOND PARKING INCLUDED! ( For Suites 915 Sqft and Larger)1 YEAR FREE MAINTENANCE FEES! $0 DEVELOPMENT LEVIES! (Including all Municipal Levies) FREE ASSIGNMENT ! RIGHT TO LEASE DURING INTERIM OCCUPANCY!DEPOSIT STRUCTURE $750,000 $5,000 on...

1BR 2WR Condo Apt in Milton near Louis St Laurent & Hwy 25D420

"1 BR 2 WR Condo Apt in Milton , near Louis St Laurent & Hwy 25 area.Incredible Assignment Sale Opportunity In Sought-After MV1 In Milton ! This One Bedroom Den, Two Bathroom Unit Features Open Concept Main Living Area, Modern Kitchen & Walk-Out To Private Balcony! Primary Bedroom Features 4Pc Ensuite,...

#917 -8175 BRITANNIA RD Milton, Ontario

MLS #W8151132 * Assignment Sale * This Specific Unit Is An End Unit And Has The 3 Bedroom Option And Rooftop Terrace! Plus 2 Parking Spaces ($30K Upgrade). The Crawford Is A Stunning New Community Comprised Of Stacked Townhomes Coming Soon To Milton Located On Britannia Just West Of Thompson Rd! Here At...

Argyle Village Towns In Guelph From the $500s

Guelph, Wellington

URBAN TOWNS IN GUELPH FROM THE $500s!Location: southern part of the Guelph(west of Gordon St and south of Lowes Rd) Occupancy Dates: Q1 2026Exclusive Incentives All Units Receive:Stainless Steel Kitchen Appliance Package*Washer and Dryer*1 Parking Spot Included*Capped Development Charges at $2,500*Reduced...

8175 Britannia Rd #Unit# 3 , Milton

Halton, Ontario

** Assignment Sale ** Attention First Time Home Buyers/ Investors, This End Unit Condo Townhome Features Spacious & Bright, 2 Bedrooms, 2 Full Bathrooms (1311 Sqft) , Living Plus 2.5% patio space leading up to the front door. Great investment without having to wait years for the Dining Room, Fully Upgraded...

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The Greater Toronto Area is one of the most active in the country when it comes to assignments.  Condo assignments are particularly popular in these highly sought after city areas.  See below the most comprehensive list of Toronto assignments available.

Purchasing on assignment can be a great opportunity to buy in a sold out development closer to the occupancy date and often at a better price then current market value in the area.  Brand new, close moving in date and at a discount, this checks off many boxes for investors and end users alike.   

107 2 Clarendon Avenue in Toronto: Yonge-St. Clair Condo for lease (Toronto C02) : MLS®# C8276036

107 2 Clarendon Avenue Toronto M4V 1H9 Yonge-St. Clair

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3207 8 Cumberland Street in Toronto: Annex Condo for sale (Toronto C02) : MLS®# C8272442

3207 8 Cumberland Street Toronto M4W 0B6 Annex

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715 543 Richmond Street W in Toronto: Waterfront Communities C1 Condo for sale (Toronto C01) : MLS®# C8269982

715 543 Richmond Street W Toronto M5V 1Y6 Waterfront Communities C1

230 sw 121 lower sherbourne street in toronto: waterfront communities c8 condo for sale (toronto c08) : mls®# c8270358.

230 Sw 121 Lower Sherbourne Street Toronto M5A 0W8 Waterfront Communities C8

1211 1560 brimley road in toronto: bendale condo for sale (toronto e09) : mls®# e8271616.

1211 1560 Brimley Road Toronto M1P 3G9 Bendale

2923 28 widmer street in toronto: waterfront communities c1 condo for sale (toronto c01) : mls®# c8266678.

2923 28 Widmer Street Toronto M5V 2E7 Waterfront Communities C1

2333 w 135 lower sherbourne street in toronto: waterfront communities c8 condo for sale (toronto c08) : mls®# c8265750.

2333 W 135 Lower Sherbourne Street Toronto M5A 1Y4 Waterfront Communities C8

730 543 richmond street w in toronto: waterfront communities c1 condo for sale (toronto c01) : mls®# c8266016.

730 543 Richmond Street W Toronto M5V 1Y6 Waterfront Communities C1

1607 8 cumberland street in toronto: annex condo for sale (toronto c02) : mls®# c8261656.

1607 8 Cumberland Street Toronto M4W 0B6 Annex

206 135 canon jakson drive in toronto: keelesdale-eglinton west condo for sale (toronto w03) : mls®# w8261740.

206 135 Canon Jakson Drive Toronto M6M 2G1 Keelesdale-Eglinton West

160 225 birmingham street in toronto: new toronto condo for sale (toronto w06) : mls®# w8262276.

160 225 Birmingham Street Toronto M8V 2C8 New Toronto

3515 252 church street in toronto: church-yonge corridor condo for sale (toronto c08) : mls®# c8258184.

3515 252 Church Street Toronto M5B 1Z2 Church-Yonge Corridor

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