Condo And Home Assignments Opportunities in Toronto and the GTA by Tariq Mumtaz

Condo assignment sale

What is an assignment?

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 simple words, an “assignment” is the sale of a contract to purchase a pre-construction condominium or freehold property.

Benefits of Assignments for the Buyers

  • Buying a property at a reduced discounted price saving thousands of dollars compared to purchasing a resale unit at market value.
  • Luxury of buying brand new unit and often pay lower maintenance fees.
  • Sellers usually need to sell because they need to drop their equity. This can give you leverage in negotiation for prices, deposits, and closing dates.
  • Fewer people look at these types of listings, so Less Competition, no Biddings.
  • You will get your unit much faster instead of waiting 4-6 years like in a typical pre-construction contract as occupancy is usually couple of months away.
  • Depending on how far along construction is, you may still be able to select your own finishes, colors and upgrades.
  • You have more choices and options when there’s a shortage of listings in the market.
  • You will likely get great incentives like the seven-year Tarion Warranty Program and other incentive from the builder like credits, upgrades, capped developing charges and much more.
  • All
  • Assignment sale
  • Condo
  • Pre-construction
  • Towns

Grand River Woods Cambridge Townhouse | Assignment Sale

Assignment - Deal of the Month 3 Bed 3 Bath 2 Storey Townhouse with W/O Basement Asking Price: $569,990 Deal…

Freehold Townhouse Downsview Park | Keele Street and Sheppard Avenue

Gorgeous Luxury 3150 SqFt Freehold Townhouse Downsview Park (Keele St & Sheppard Ave) Toronto Assignment Sale $1,050,000 Gorgeous Luxury 3150…

Empire Midtown Condo 1603 Eglinton Avenue West Toronto for Sale

Empire Midtown Condo, Assignment Sale 1603 Eglinton Avenue West Toronto for Sale, 2 Bed 2 Bath Price $630,000 2 Bed…

Super Sonic Assignment Sale Toronto

Luxury 3 Bedrooms+2 washrooms with Parking and Locker at 6 Supersonic Toronto Assignment Sale, Price: $819,900 Virtual Tour Video Photo…

Studio Unit Assignment-Close to Ryerson-Downtown Toronto

OverviewOverview Studio Unit Assignment Sale in Dundas Square Gardens $450,000 Studio Unit Assignment Sale in Downtown Toronto Dundas Square Gardens…

3 Bed Assignment Sale | Supersonic amazing Condos

With Parking and Locker
3 Bed 2 Bath
941 Square feet
Sale Price: $730,000

2 Bedroom Condo Dundas Square Gardens assignment sale

2 Bed 1 Bath Unit
South View
Model G16
577 Square Feet
Price: $570,000

2-Bedroom Condo Dundas Square Gardens

2 Bed 1 Bath Unit
West View
600 Square Feet
One Locker
Price: $570,000

2-Bedroom Condo assignment | Dundas Square Gardens

2-Bed Condo assignment Dundas Square Gardens
2 Bed 1 Bath Unit
575 Sq Ft
Price: $550,000

Supersonic Condos | Good Assignment Sale

2 Bed Condo Supersonic Building B
2 Bed 2 Bath – 787 Sq Ft with Parking and Locker
Model: Turbo, North East View
Sale Price: $620,000

1-Bed+Den AYC Condos | Assignment Sale

1-Bed+Den AYC Condos | Assignment Sale
Annex Model One Bed Plus Den 531 Sq Ft – East View
Sale Price: $565,000
Tentative Occupancy: July 2020


King Blue Condos
Bachelor Studio Apartment
Floor Plan: Arabella Model 303 Sq Ft
Sale Price: $370,000

Grand River Woods Townhomes Cambridge

3 Bed 3 Bath – 1761 Sq Ft – Millstone B2 Model
Price: $510,000