Why Assignment Sales are Making a Comeback

25 February 2019
Remax-Condos-Plus

Assignment sales were a hot subject just a few years ago. Assignment sales, usually for new condos, take place when a Buyer sells their interest in a property BEFORE they take title through registration. They were popular until Revenue Canada stepped in to rule that these sales were not subject to Capital Gains but instead should be taxed as income. So, why are Assignment Sales making a comeback?


Condo Market Report February-March 2019

14 February 2019
Remax-Condos-Plus

Sales for January of this year, started out very similar to those of January in 2018. Our Forecast last month said that ‘what you saw in 2018 is what you will get in 2019’ and the first numbers seem to support that. Sales and ‘active’ listings on TREB were unchanged from those of a year ago. While real estate sales are seasonal, we have also made the case that sales are ‘weather dependent’.