Preconstruction projects are very popular among buyers for various reasons. In Toronto, preconstruction projects have become very popular among buyers for several reasons. One reason is that the number of buyer applicants has far exceeded the number of available units. Another reason is that developers tend to prefer to work with buyers rather than non-buyer clients. As a result, most preconstruction projects are allocated to buyer clients. However, the standard process is for the... [read more]

As a Toronto Realtor, we will learn more about the advantages and disadvantages of investing in condo assignment. The main difference between condo assignment in Canada and condo assignment in China is that in Canada, the original buyer (Assignor) of the pre-construction condo is allowed to sell, or assign the sales agreement to a new buyer (Assignee).  This new buyer can then finalize the agreement with the developer at the time of occupancy.  Condo assignments can provide maximum... [read more]

Toronto Midtown Line 5 Condo Assignment $30,000 Price Drop! 117 Broadway Ave 3xxx Exclusive Toronto condo assignment located in the center of Toronto midtown! Price just dropped to $680,000. This is a 1 bedroom + den unit located on 30th+ floor with an open balcony! The current asking price is at least $200,000.00 lower than the current developer price. The unit is expected to enter occupancy around in 2023 December, with closing in 2024. A late closing like this is perfect for... [read more]

Toronto Midtown Plaza Condo Assignment $50,000.00 Cheaper Than Resale!   50 Dunfield Ave - Unit 2xxx Exclusive great value assignment that is at least $50,000.00 lower than nearby comparable resale and at least $200,000.00 lower than the current developer price! This is a high-floor unit with east exposure, it has 2 bedrooms, 2 washrooms, and 1 locker. It is a spacious unit with an interior space of 683 sqft! The builder is a nationally renowned developer, Plaza Corp.... [read more]

Assignment sales are common in real estate transactions. Often with pre-construction sales, especially in the hot condo market of Toronto and surrounding areas, 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. Life stages change, financial and investment are the main reasons why someone would sell a condo assignment.   What's an Assignment Sale? An assignment... [read more]