Why Assignment Sales are Making a Comeback

25 February 2019

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?

How to Generate Big Returns when Buying Pre-Construction

22 August 2018

Can you generate big returns from buying Pre-construction Condos? Yes, but you need to follow these three simple rules.

New Condos Versus Resale Condos, Which is Better to Buy?

23 September 2010

The whole focus of media today is whether buying a condo is a good investment or not. Since real estate investment has outperformed the stock market in the last ten years, investment gurus have been desperate to down play real estate (vested interest?) and try to outdo each other with predictions of a real estate bubble.

Pros and Cons of Selling Assignments

19 September 2010

ROS AND CONS TO SELLING BEFORE REGISTRATION - ASSIGNMENT: 1. The 'first buyer' will save the Land Transfer Tax with a transfer of their 'interest'. 2. The 'first buyer' will usually have to pay either an admin or transfer fee to the developer for the right to transfer their 'interest'.

New Condo Market is Changing in Toronto

14 September 2010

 While new condo developments continue to sell out, the buyer mix is changing. Developers think they know their buyers but they don’t! Most buyers for new projects are brought in by real estate agents – they don’t just show up at the new sales centre.

Assignments New Option for Condo Buyers

27 January 2010

With a lack of condo listings, potential buyers are often forced into 'multiple offer' scenarios. And who can blame them for not liking the situation. Another option is looking at the Assignment Market.