An Assignment sale is basically the sale of a contract for purchasing pre-construction condo suites as well as freehold properties. An assignment sale is usually applicable to non-registered pre-construction condos and freehold properties. Before we dive deeper into the topic, it’s important to understand some of the terms that are used in.. 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.
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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.. Are there any advantages of purchasing an assignment? Is it better than buying a resale? This video is your comprehensive guide on assignment sales. You’ll l.
