condos on assignment toronto

"assignment" in Condos for Sale in Toronto (GTA)

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$660,000.00

ASSIGNMENT UNDER ORIGINAL PRICE

ASSIGNMENT UNDER ORIGINAL PRICE Galleria on the park 1 Bedroom / 1 Bath / Balcony / 1 Parking / 1 Locker • 525 sq. ft Interior / 98 sq. ft Exterior / 15th floor • Facing south / Unobstructed view to ...

$625,000.00

Canary house condo 1+1 2 bed $590K|楼花转让

Working with the experienced Assignment Expert to buy and sell condo Assignment ============================= ++++++++++++++++++++++ Canary House condo 425 Front St E 1+1 590sq + balcony 2 full ...

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• Nobu assignment
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Assignment Sale! Move-In Winter 2024 with Just 5% Down!

Experience Elevated Living at CG Towers! Assignment Sale - Own Now, Move in Fall 2024! Luxury Corner Unit with Stunning Views Take advantage of this rare opportunity to own a premium condo in ...

Modern 2BR 2BA | High Flr | 721sqft ** Assignment Sale**

Encore at Theatre District – Where Luxury Meets the Spotlight! The highly anticipated Encore at Theatre District is now selling! This stunning new condo community by Plaza is located in the heart of ...

$858,000.00

ASSIGNMENT SALE - 28 Eastern by Alterra 2 Bed 2 Bath

Fall in love with 28 Eastern by the well-established Alterra! The condo is currently under construction in the up-and-coming Corktown neighbourhood. This gorgeous two bedroom two bathroom suite with ...

$1,028,990.00

ASSIGNMENT SALE - The Mason Brightwater 2 Bed + Den 2 Bath

Old Toronto

DISTRESSED ASSIGNMENT SALE - The Mason at Brightwater 2 Bed + Den 2 Bath Welcome to the epitome of modern coastal living at the Mason at Brightwater - the sold-out boutique nine-storey building ...

ONE DELISLE CONDO ASSIGNMENT

ONE DELISLE CONDO ASSIGNMENT One Delisle is a new condo development by Slate Asset Management currently sold out at 1 Delisle Ave at Yonge St and St Clair Ave W in Toronto. The development is ...

$549,900.00

199 CHURCH CONDO ASSIGNMENT

199 CHURCH CONDO ASSIGNMENT 199 Church Condo is a new condo development by CentreCourt Developments, currently sold out at 199 Church St at Church St and Dundas St E in Toronto. The development is ...

ELEVATE AT LOGAN ASSIGNMENT

ELEVATE AT LOGAN ASSIGNMENT Elevate at Logan is a new condo townhome development by Kaleido Corporation and DC&F Corp. currently sold out at Logan Ave and Dundas St E in Toronto. The development is ...

THE TAILOR ASSIGNMENT

THE TAILOR ASSIGNMENT The Tailor is a new condo development by Marlin Spring currently sold out at The Queensway and Kipling Ave in Markham. The development is scheduled for completion in 2023. This ...

SOUTH FOREST HILL RESIDENCES ASSIGNMENT

SOUTH FOREST HILL RESIDENCES ASSIGNMENT South Forest Hill Residences is a new condo development by Parallax Development Corporation and Westdale Properties currently sold out at 63 Montclair Ave at ...

QUEEN CHURCH ASSIGNMENT

QUEEN CHURCH ASSIGNMENT Queen Church is a new condo development by Tridel currently sold out at 60 Queen St E at Queen St E and Church St in Toronto. The development is scheduled for completion in ...

252 CHURCH CONDO ASSIGNMENT

252 CHURCH CONDO ASSIGNMENT 252 Church Condo is a new condo development by CentreCourt Developments currently sold out at 252 Church St at Church St and Dundas St E in Toronto. The development is ...

Nobu assignment - best view in condo -

top 1% in the city Beautiful south east corner in Nobu Include parking 10 ft ceiling Penthouse series Direct buyer only 6479900055

$550,000.00

Charisma Condos, Assignment Sale 8960 Jane St.

Charisma On The Park! Open Concept Traditional 1 bedroom + Den Assignment Sale. 624 Sq ft + 132 Sq ft balcony. Modern kitchen with many upgrades. Extended Cabinets, Upgraded Quartz Countertop with ...

$417,000.00

Line 5 Condo Studio Assignment $400K|楼花转让

Line 5 Condo Studio Assignment for Sale Location: 117 Broadway St, Toronto (Yonge & Eglinton) Size: 375 sq ft Layout: Studio Original Price: $407,000 Asking Price: $417,000 This studio unit in the ...

$589,000.00

Grand Festival Condos - Tower D

Markham / York Region

ASSIGNMENT for sale SELLER MAKES NO PROFIT! SELLING AT ORIGINAL PRICE + FEES ASKING PRICE $589,000 Occupancy Summer 2025 • Award-Winning Developer: Menkes • Close to entertoinment, shoppine, costco, ...

$599,000.00

1+DEN ASSIGNMENT ELLE CONDOS SELLING AT LOSS

SELLING AT A LOSS Discover Luxurious Living at Elle Condos! Find your perfect home in Unit 527 at Elle Condos, situated at Brimley Rd & Ellesmere Rd in Toronto. This stunning suite features 625 ...

$499,000.00

UC Towers Assignment 1 + Den

assignment sale at UC Towers 2 in Oshawa! ️ Floor : 17th Size: 627 sqft ️ Parking: Included Locker: Included Price: $495,990k Sell: $499,000k (direct Buyers) Occupancy: November 2024 Maintenance: 56 ...

$628,000.00

️ M City 2 Super High-Floor 2 Bed, 2 Bath Luxury Cond

Mississauga

Prime Mississauga Location - Near Square One (Burnamthorpe Rd & Confederation Pkwy) 738 sqft Interior + 142 sqft Spacious Balcony ️ North-facing view, 50+ floors up with stunning scenery! ✨ Top-tier ...

$590,000.00

Next to M City! Edge Tower II 701 sqft 2 Bed ONLY $590K!!

Fantastic Location Next to M City! Mississauga Condo Assignment -- Edge Tower II 2 Bed ONLY $590K!! ⭐Highly Developing Location⭐ 24 Elm Dr W, Mississauga 2 Bed 2 Bath 701 sqft + Balcony ☀️ S/E View 1 ...

$699,000.00

SELL AT LOSS! Downtown 2-Bed Condo, near U of T Artist Alley

SELL AT LOSS! Downtown 2-Bed Condo, near U of T! Artists’ Alley Condo - Luxury 2-Bedroom Assignment Location: 238 Simcoe Street, a short walk to the University of Toronto Price: $699,000 - Selling at ...

$589,990.00

$780/SQFT!! $100K LOSS!! Scarborough K Square 2B ONLY $589K!!

$780/SQFT$100K LOSS‼‼ Scarborough K Square: 2B 2B ONLY $589k ⭐Corner Unit W/ Huge Balcony⭐ 2033 Kennedy Rd, Scarborough 2 Bed 2 Bath 788 sqft + 140 sqft Balcony ☀️ NE View ✅ 1 Parking + 1 Locker ✅ ...

$656,900.00

Selling At Original Price!!! Pinnacle Toronto East

Selling At Original Price!!! Toronto SC Luxury Condo -- Pinnacle Toronto East : 2B 2B ONLY $656,900!! *Luxury Condo With All the Convenience * 3260 Sheppard Ave E, Toronto 2 Bed 2 Bath 879 SQFT SW ...

$748,000.00

Mississauga City Center 2 B+2 B Condo Price Slashed by $100K!!

Mississauga City Center 2 Bed 2 Bath Condo Price Slashed by $100K!! ️ 2 Bedrooms 2 Bathrooms 925 sq ft + 132 sq ft large balcony ☀️ Southwest high-floor unobstructed view 1 parking spot 1 Locker ...

$699,990.00

Torotno DT $1000/ft! Jac Condo Assignment 2+1B ONLY $699k!

Torotno DT $1000/ft!!! Jac Condo Assignment : 2+1B 2B ONLY $699k!!!! ⭐Corktown Common Around the Corner⭐ 308 Jarvis St, Toronto ️ 2+1 Bed 2 Bath 697 SQFT ☀️ S View ✅ Occupancy: November 2024 ONLY ...

$775,000.00

$1076/SQFTToronto downtown NOBU:2B+2B ONLY $775k!

$1076/SQFTToronto downtown NOBU:2B+2B ONLY $775k!! ⭐Meet Celebrities IRL At Your Home⭐ 15 Mercer St, Toronto 2 Bed 2 Bath 720 sqft ☀️ N View ✅ Closing: Nov 2024 Near luxurious hotels+ internationally ...

SELL AT LOSS!! 2-Bed Condo, Artists’ Alley, Steps from U of T

Location: 238 Simcoe Street, a short walk to the University of Toronto Price: $699,000 - Selling at a loss! Layout: 2 Bedrooms | 648 sqft + Large Terrace View: South-facing with open city views ...

$488,000.00

Pickering 1 Bed + 1 Den Condo Only asking $488K⁉️

West-facing balcony with stunning sunset views 570 sqft + balcony, spacious layout 1480 Bayly St, Pickering ‍♂️ 5-minute walk to Go Train**, 3 minutes to Hwy 401, easy commute across GTA Fully ...

Edge Tower‼ Mississauga Square One 2 BED 754SQFT !

Edge Tower‼ Mississauga!Close to Square One ⭐Everything Just Outside The Door⭐ 24 Elm Dr W,Mississauga 2 Bed 2 Bath 700 sqft + Balcony ☀️ N View ✅ Occupancy Now ONLY 599,000!!!! ‍♂️Close to Square ...

$899,000.00

Hottest Condo in Downtown Toronto! Artist Alley 2 bed

Hottest Condo in Downtown Toronto! Artist Alley Condo – Spacious 2-bed unit with 850 sqft, corner southeast exposure, and breathtaking high-floor views! Includes parking, now available for only $899K ...

$790,000.00

DISTRESED! $200K LOSS! Toronto Empire Maverick 2B ONLY $790k!

DISTRESEDSeller lossing entire deposit‼ $200K LOSS!!Toronto Condo Empire Maverick: 2B 2B Assignment ONLY $790k 327 King St, Toronto 2 Bed 2 Bath 790 Sq.Ft ☀️ W View ✅Floor: 40th+ ✅Occupancy: soon ...

$595,000.00

SELLING AT $110K+ LOSS! DT Toronto 8 Wellesley 1B ONLY $595K!!!

SELLING AT $110K+ LOSS!!! DT Toronto Most Demanded Sold-Out Projects -- 8 Wellesley Condo Assignment : 1B 1B ONLY $595k!!!! ⭐Wellesley Subway Station At Your Doorstep⭐ 8 Wellesley St W, Toronto ️ 1Bed ...

Artist Alley Condo – Spacious 2-bed unit with 850 sqft,

corner southeast exposure, and breathtaking high-floor views! Includes parking, now available for only $899K assignment sale! ️ Prime Location – Close to AGO, University of Toronto, OCAD, and ...

Less than $1000 per sqft! Midtown Assignment Sale!!

Y&S Condo—located at the core of Toronto’s Yonge & Eglinton area, this 777 sqft south-facing 2-bed, 2-bath unit offers fantastic natural light and is set for July 2025 occupancy! Ultimate ...

$968,000.00

Prime Downtown Toronto Condo 88 Queen 2 bed 2 bath $968k

Prime Downtown Toronto Condo 88 Queen! Stunning high-floor unit featuring 2 bedrooms and 2 bathrooms! Enjoy 714 sqft of living space + spacious 134 sqft balcony! This northeast corner unit boasts a ...

Cash Buyer Looking for Aqualuna Condo! Prefer 1b+den or 2b2b.

Cash Buyer Looking for Aqualuna Condo! Prefer 1b+den or 2b2b. Contact Patricia Today! Patricia: 416-464-2788 Email: [email protected] Condo Assignment Team: We are an experienced condo ...

$470,000.00

CG Tower Assignment

• Steps to Vaughan Metropolitan Centre (VMC), Subway, Bus Terminal • Easy access to Hwys 400/407 • Close to Vaughan Mills Mall, Walmart, IKEA, and Costco. • Luxury design by Quadrangle Architects, • ...

$638,000.00

Distillery District 1+1 Bed Condo, DT Toronto Selling for $638k

Distillery District 1+1 Bed South-Facing Condo, Selling for $638K! ️ Located in Toronto's East Downtown, near the lake and park! ️ This 1-bed + den, 2-bath unit features 590 sqft of living space plus ...

SELL AT LOSS! Downtown 2Bed Condo, near U of T

LOSS FOR SELL!! Downtown 2-Bed Condo, Steps from U of T!

Artists’ Alley Condo - Luxury 2-Bedroom Assignment Location: 238 Simcoe Street, a short walk to the University of Toronto Price: $699,000 - Selling at a loss! Layout: 2 Bedrooms | 648 sqft + Large ...

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Toronto Condo Assignments For Sale

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The Humber – 2F

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Prestige Condos – Residence 07

Citylights on Broadway – 2G-S

903 2033 Kennedy Road

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• $71,106/Sqft

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Toronto assignments for sale.

Welcome to Toronto Assignments for Sale! If you’re looking to buy or sell a property in Toronto, real estate assignments can be an excellent opportunity to consider. A real estate assignment is a legal agreement where the original property purchaser (the assignor) transfers their rights and obligations to another buyer (the assignee) before the closing date.

Real estate assignments can be a smart choice for both buyers and sellers. Dive into the heart of Toronto’s ever-evolving real estate market through our Assignments for Sale in Toronto page. As one of the world’s most dynamic and rapidly expanding industries, Toronto’s real estate arena offers a plethora of investment prospects that assignments can unlock.

Toronto’s real estate market is dynamic and diverse, offering various properties to suit various lifestyles and preferences. As Canada’s largest city, Toronto boasts a bustling urban core with an array of condominiums, townhouses, and high-rise developments, making it an attractive destination for those seeking the convenience of city living.

Beyond the downtown core, Toronto offers charming neighborhoods with tree-lined streets, historic homes, and a strong sense of community. These areas are popular among families and individuals looking for a quieter pace while enjoying proximity to the city’s amenities.

Its strong housing demand underscores Toronto’s unwavering appeal, rendering it a prime location for acquiring assignments. Whether you’re eyeing a condo, townhouse, or detached home assignment, Toronto’s diverse options cater to various preferences and lifestyles.

Our team of experienced real estate professionals can help you navigate the complex process of buying or selling Toronto assignments for sale, providing expert advice and exceptional service at every step.

Assignments for Sale in Toronto

Assignments are a fantastic method to participate in this exciting market because Toronto’s real estate industry is one of the worlds most dynamic and rapidly expanding. Find the best investment chances in the metropolis with our Assignments for Sale in Toronto page.

Toronto is a highly desirable city with a strong demand for housing, making it a great place to buy an assignment. Toronto has much to offer if you’re looking for a condo, townhouse, or detached home assignment.

We are a team of experienced real estate professionals specializing in Toronto assignments. You can count on receiving individualized attention, knowledgeable counsel, and a dedication to assisting you in realizing your objectives when you engage with us.

Toronto Assignment Listing

Are you searching for a real estate investment opportunity in Toronto? You can see our Toronto Assignment Listing uncover the top assignments for sale in the area.

Many pre-construction condos, townhomes, and detached homes are available in our listings. Whether you’re a first-time buyer or a professional investor, we offer something to suit your needs.

Our Toronto assignment listing is easy to use. To find the right investment opportunity, you can browse by property type, price range, or location. Each listing includes detailed information about the property, including floor plans, features, and amenities.

Look at our current listings of assignments for sale in Toronto, and contact us today to learn more about how we can help you invest in this market. With our expertise and resources, you can confidently invest intelligently in Toronto’s real estate market.

Toronto Condo Assignments For Sale

Unlock the vibrant Toronto real estate market with our exceptional selection of condo assignments for sale. Immerse yourself in the cosmopolitan lifestyle of Canada’s largest city through our wide range of condominium assignments. From sleek downtown high-rises to charming neighborhoods, our listings offer various options to suit different preferences and budgets. Acquiring a condo assignment allows you to seize the opportunity to own a desirable property before its completion, giving you the advantage of being part of Toronto’s dynamic real estate landscape. Explore the endless possibilities of owning a Toronto condo assignment, whether you’re an investor seeking lucrative opportunities or a homeowner looking for a modern urban dwelling. Take the chance to experience the unparalleled excitement and diversity of Toronto living.

We don’t just list condominiums at GTA Assignment; we also pave the route for your urban success tale. Our knowledgeable team can put you in touch with upscale Toronto condo assignments that will improve your city living.

When you deal with us, you invest in your urban future and purchase a condo. You may take advantage of the booming real estate market in Toronto.

Contact us immediately to invest in Toronto’s finest condos and experience the city’s vitality. Here is where your next urban journey starts.

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Where Buying and Selling Assignments is Made Easy!

What is an assignment.

Considering buying a condo before it's built? A condo assignment sale lets you purchase the contract to a pre-construction condo from the original buyer. This can be a great way to get a deal on a property, but it's important to understand the process. Assignee (you) buy the right to acquire the property from the builder, taking on the original buyer's obligations. Learn more about assignment sales, their advantages and the process involved to find your perfect pre-construction condo.

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ASSIGNMENTS FOR SALE IN GTA

Water's Edge

CG Tower Condos

The Hill on Bayview

Wonder Condos

YOUR PREMIER HUB FOR GTA ASSIGNMENT LISTINGS

With over 20 years of experience and over 500 successfully closed transactions, our team of experts provides unparalleled service throughout the entire process. Whether you're a buyer seeking the perfect pre-construction opportunity or a seller looking to capitalize on your investment, AssignmentPlus can help you achieve your goals. We take care of everything, from securing units in developments to navigating the intricacies of assignments, ensuring a seamless and efficient experience. Trust AssignmentPlus, the GTA's premier condo assignment brokerage, to deliver exceptional results and exceed your expectations.

Comprehensive Buyer Database

We have a comprehensive database of prospective buyers actively seeking investment opportunities. This database spans various demographics and preferences ensuring targeted exposure for your assignment listing. 

Established Relationship with Agents

We have fostered strong relationships with a network of seasoned real estate agents. This network amplifies the visibility of our listings within the industry, ensuring maximum exposure for your assignment.

Innovative Marketing Strategies

We ensure that assignment listings receive widespread attention. This includes targeted email campaigns, social media promotions and advertising on other platforms exclusive to assignments. 

Transparent Advice

We believe in delivering honest advice rooted in market insights which empowers our clients to make informed decisions throughout the selling process. 

We have a comprehensive database of prospective buyers actively seeking investment opportunities. This database spans various demographics and preferences ensuring targeted exposure for your condo assignment listing.

We have fostered strong relationships with a network of seasoned real estate agents. This network amplifies the visibility of our listings within the industry, ensuring maximum exposure for your condo assignment.

We ensure that assignment listings receive widespread attention. This includes targeted email campaigns, social media promotions and advertising on other platforms exclusive to assignments.  

SOLD CONDO ASSIGNMENT LISTINGS

The Queensway at Backyard Condos

Forest Hill Condos

Linx Condos

Scout Condos

TESTIMONIALS

Pat Burch, UK

We live in the UK and were recommended by Carlos to help us sell/assign our Toronto condo. Carlos quickly found a buyer for us in a difficult market. He has always been available to advise and guide us through the tricky negotiation and assignment process. Nothing is too much trouble, and he combines professionalism, knowledge, and experience, with a friendly can-do attitude. We would highly recommend him for any real estate requirements.

Anna Poretski, CA

Jeff worked with me on an assignment for sales. He is a great agent who works relentlessly to find you the right type of property. He helped to explain and navigate a complicated purchase. He will work with all the stakeholders involved in the deal to make sure it gets over the finish line in a timely fashion.

Philip La Fleur, CA

Akshay sold my assignment. Got it done. Highly recommend.

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List of Condo Assignment sale Toronto (2024)

1 bed | 1 bath | 539 sqft Occupancy -2023

As the real estate market in Toronto continues to thrive, buyers are constantly seeking innovative ways to secure their dream properties. One increasingly popular option that offers unique advantages is condo assignment sale Toronto. 

Imagine this: you are dreaming of owning a brand new condo in the heart of Toronto’s vibrant cityscape, but the thought of dealing with construction and delays makes you break out in a cold sweat. Well, fear not, because pre-construction assignments might just be the answer you’ve been looking for.

In simple terms, pre construction assignment sales Toronto is when you purchase the rights to a unit in a condominium project before it’s even built, and then sell that contract to another buyer before the project is completed. It’s like being the ultimate middle-person, connecting eager buyers with yet-to-be-built real estate.

Toronto, the city that never sleeps, is no stranger to pre-construction assignments. They have become increasingly popular in recent years, attracting both seasoned investors and first-time buyers alike.

Why the hype, you ask? Well, for one, the Toronto assignment sales  market is hot, hot, hot. The demand for housing in the city is constantly on the rise, making pre-construction assignments a tempting opportunity to secure a slice of the 6ix while it’s still sizzling. 

Additionally, who doesn’t love the excitement of being part of a brand-new development, with all the shiny amenities and modern finishes that come with it?

1. Lower Purchase Price And Potential For Appreciation

Ah, the sweet sound of savings. One of the main perks of pre-construction assignments is the potential to snag a unit at a lower purchase price compared to buying directly from the developer. As the original purchaser, you can often secure a contract at a discounted price, which could mean significant savings in the long run.

And let’s not forget about the possibility of appreciation. By the time the project is completed, the market value of the unit could have increased, allowing you to sell it at a profit without even lifting a finger.

2. Customize and Personalize the Unit

Who doesn’t want a say in how their dream home looks? With a pre-construction assignment, you have the chance to work closely with the developer to customize certain aspects of your unit. From choosing the finishes and fixtures to selecting your preferred layout, you can add your personal touch without having to spend a fortune on renovations.

Think of it as the ultimate design challenge, where you get to channel your inner interior decorator and create a space that truly reflects your style and taste.

3. Access to High-Demand Properties and Desirable Locations

Toronto is a city full of desirable neighborhoods, and pre construction condo assignment sale Toronto can be your golden ticket to these sought-after areas. With the demand for housing continuously surpassing supply, getting your hands on a unit in a prime location can be quite challenging. However, condo assignment sales in Toronto offer the opportunity to secure a unit in a highly sought-after development, giving you access to those hot spots you’ve been eyeing.

In Toronto, as in many other cities, the pre construction assignment sale  Toronto refers to the buying and selling of a pre-construction condominium unit before it is completed and ready for occupancy. 

1. Research and Selection

• Begin by researching various pre-construction condominium projects in Toronto.
• Choose a project that aligns with your preferences in terms of location, budget, unit type, and amenities.

2. Consult a Real Estate Agent or Broker

• Work with a qualified real estate agent or broker who specializes in pre-construction assignments.
• They can help you find suitable projects and guide you through the process.

3. Purchase Agreement

• Once you’ve selected a project, you will sign a purchase agreement with the developer. This agreement outlines the terms and conditions of the purchase, including the purchase price and deposit requirements.

4. Finding a Buyer

• You can find a buyer for your assigned unit through various means, including working with a real estate agent or marketing it on your own.
• The buyer will need to be approved by the developer, and they may have to meet certain criteria.

5. Legal and Financial Considerations

• Consult with a real estate lawyer to ensure all legal aspects of the assignment are handled correctly.
• Keep track of your financial obligations, including deposits, assignment fees, and any other associated costs.

6. Developer Approval

• The developer must approve the assignment, which typically involves a review of the buyer’s financial qualifications.

7. Closing Process

• As the project nears completion, the closing process begins, and the buyer takes over the unit.
• The developer will typically conduct a pre-closing inspection to ensure the unit is in the expected condition.

1. Check Track Record of the Developer

When it comes to pre-construction assignments, the name of the game is trust. Researching the reputation and track record of the developer behind the project you’re interested in is crucial. You want to make sure they have a solid history of delivering on their promises, as delays or issues with construction can have a significant impact on your investment.

2. Assessment of the Location and Neighborhood

It’s not just a catchy mantra; it’s a crucial factor in real estate. Before committing to a pre-construction assignment, thoroughly assess the location and neighborhood surrounding the development. Is it close to amenities, transportation, and other conveniences? Does it fit your lifestyle and preferences? Remember, you’re not just buying a unit; you’re investing in a lifestyle.

3. Project Timeline and Completion Date

Patience is a virtue, especially in the world of pre-construction assignments. Understanding the project timeline and estimated completion date is essential. Delays are not uncommon in the construction world, so be prepared for potential hiccups along the way. Assess your timeline and expectations, and make sure they align with the developer’s proposed timeline.

Closing Words

In short, exclusive pre-construction assignments present an enticing opportunity for buyers in the thriving Toronto real estate market. By considering the benefits, understanding the process, and evaluating the factors at play, buyers can navigate this unique avenue with confidence. 

From lower purchase prices and potential appreciation to the ability to customize and access high-demand properties, pre-construction assignments offer a variety of advantages in the vibrant Toronto real estate market. 

However, it is crucial to remain mindful of potential risks and challenges associated with this investment strategy.When considering your options, remember that you can also explore similar properties in the realm of pre-construction homes in Toronto . However, it is crucial to remain mindful of potential risks and challenges associated with this investment strategy.

By staying informed, buyers can make wise decisions and seize prime opportunities in the ever-evolving landscape of Toronto’s pre-construction homes market.

1. What exactly is a pre-construction assignment?

A pre-construction assignment refers to the process of selling the rights, before the completion of a construction project, to purchase a property that is still being developed. In this scenario, the original purchaser (assignor) transfers their agreement to a new buyer (assignee) who assumes the rights and obligations of the purchase contract.

2- What are the potential risks associated with pre-construction assignments?

While pre-construction assignments offer different benefits, they also come with potential risks. Delays in project completion, changes in market conditions, financing challenges, and assignment restrictions are some of the risks that buyers should consider.

3- Can I customize a property through a pre-construction assignment?

Yes, one of the key advantages of pre-construction assignments is the opportunity to customize the property. Buyers can often work with the developer to select finishes and upgrades, and even make minor layout changes during the construction phase, allowing for a more personalized living space upon completion.

The Next Move Is Yours.

Don’t know where to start ? Contact Our Team

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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Assignments Toronto

What is an assignment.

In Real Estate, an assignment of an Agreement of Purchase and Sale (APS) occurs when the original purchaser (Assignor) from the Builder agrees to allow a new purchaser (Assignee) to take over the contract with the Builder. The original purchaser does not have to take possession or title to the property. The new Buyer takes over and completes the property purchase with the Builder.

Why do people Assign?  

• Speculation (flip) for profit. 
• Life changes ( relocation, marriage, divorce, children, bankruptcy, death) 
• Government regulations (new mortgage rules, interest rates, qualification standards)

Benefits of an Assignment 

To the Seller (Assignor) 

• Avoids Builder closing costs, Tarion fees and Land transfer taxes.
• Seller may not have to pay GST/HST rebate back to Builder (Consult a tax professional with regards to potential GST/HST on increased unit value). Individuals who do not intend to occupy the unit on closing are required to pay this rebate back to Builder. Investors who plan to rent the unit out for at least one year can claim the HST back from the Government but would still have to come up with this significant amount on closing with Builder.  
• The Seller (Assignor) avoids carrying costs such as maintenance fees, property taxes, mortgage associated with the unit after final closing while property is up for sale.
• Faster return of deposit (ROI). Most assignments require that all of the Assignor's initial deposit to Builder be returned at the time Builder executes assignment. This frees up Assignor's deposit for other investments and avoiding the long wait until final closing. 

To the Buyer (Assignee)

• A great way for Assignee to purchase a brand new unit within a few months of completion thus avoiding the the risk of project being cancelled (lost equity) and long wait time of typical Pre-Construction. 
• Buyer (Assignee) receives a price discount over current properties on the market. This is a great way to build equity in the unit as prices typically goes up once the Building is registered and Condos are offered on the resale market.
• Buyer will receive a brand new home with Tarion warranty and depending on stage of construction, the ability to make finish selections.
• Buyer may sometimes take advantage of the deposits made by the Assignor and may be able to put a lower deposit (especially if unit is in occupancy and close to final closing).

Risks Associated with an Assignment

For the Buyer (Assignee) when you purchase an assignment you take on all the terms and conditions of the original Agreement of Purchase and Sale 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 the Seller (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.

Tax implications (GST/HST) if it is determined that the primary intent of Assignor was to flip for profit (speak with a tax professional).

The Assignment Process , Continue Reading....

Looking to Assign your Contract?

Check out our assignment inventory.

  We have qualified buyers (both investors and end users) looking to purchase. Please drop us a line. We will take care of all the details involved in assigning your unit...Hassle free!!!! 

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  Are you in the market to purchase an assignment Condo? Let us send you an up to date inventory of available units. We are also Platinum Agents for some of Toronto's top Pre-Construction Builders. Let us get you Day 1 access.  

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How about Resale?

  We at Assignments Toronto understand that not everyone will have the available liquid funds to purchase an assignment. As such, a resale unit maybe your best option. Let us find you that perfect resale Condo. We are great negotiators!!!! 

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Our Mission

 We are a team of Real Estate Professionals (Brokers, Bankers and Lawyers) with over 15 years of experience in Assignments, Pre-Construction and Resales, focused mainly in the Downtown Toronto Condo Market. 

To simplify and facilitate seamless Real Estate transactions. 

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Whether you are looking to sell or purchase an Assignment we are here to help.

Our qualified team will guide you step by step through the entire process. Just sit back and relax...Let us handle the heavy lifting.

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Assignment sales are a touchy subject, and not many people understand the benefits and drawbacks. This is why our experts are stepping in to shed some light on the subject and to help you as a buyer or seller make the best deal possible.

What is an Assignment?

An assignment sale is the sale of a property before closing. These sales usually happen with pre-construction condos prior to occupancy, but it can be seen in resale properties as well. Essentially, it’s the selling of the contract the original owner had with the developer. 

Of course, there are advantages and disadvantages to closing on assignment sales, and our experts will dive into both sides.

Benefits of an Assignment Sale

First of all, potential buyers can negotiate an excellent deal before purchase. In this case, the new purchaser will have an edge. They get to move into a brand new Toronto condo and take possession of a space that hasn’t been lived in before. If you are the seller, you can liquidate immediately and reap the benefits of saved closing costs and time.

For example, the original buyer will avoid land transfer taxes, HST  [1] , and even get their deposit back faster. This will allow the original owner to move on without enduring a heavy loss on the assignment sale. 

Why Put a Toronto Condo on Assignment?

Circumstances change, and the most common reason for a property to be put on assignment are these uncertain changes. Perhaps the owner is being relocated to another city months beforehand, so their best option is putting it up as an assignment sale. It could also be because of some changes in their financial situation or something as simple as a change of heart.

It may not be as easy to sell assignments as there is a much smaller pool of buyers. However, assignment sales in Toronto have been growing in recent years and people are becoming more open to it as an option.

It is also a great solution if your circumstances change and you need to get out of the contract quickly. It may take some time, but the losses you sustain could be a lot less. Our experts stress doing due diligence on the property and contracts before taking the plunge.

If you are looking at a specific assignment sale and want more info, just complete the form and we will get back to you with everything you need.

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