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"assignment" in Condos for Sale in Toronto (GTA)

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$549,000.00

Artist Alley,Westerly,181 East Assignment For Sale

Project: Artist Alley Address: 234 Simcoe st,Toronto Bedroom:3 Washroom:2 One Parking Included Exposure: North West Level: High Asking Price: 1265000 ...

Please Contact

MUST SELL ** Amazing Assignment Sale - Cobie Towns

Assignment Sale - Cobie Towns Intersection: Densmore Rd & Birchwood Tr, Coburg 2 Bed | 2 Bath 1 parking 1040 sqft For more information on this project, Please DM me at 416-618-0188 or email me at ...

$1,100,000.00

#403 -11 STECKLEY HOUSE LANE Richmond Hill, Ontario

Markham / York Region

MLS® #N8054172 ** This is an Assignment Sale ** Property is occupied. Welcome to Elgin East by Sequoia Grove Homes. This never lived in 3 Bedroom, 3 Bathroom home is one of the few blocks of ...

$679,000.00

#5007 -3883 QUARTZ RD Mississauga, Ontario

Mississauga / Peel Region

MLS® #W8055274 M City 2 * Assignment Sale* 2 Bed + Study & 2 Full Bath. Total 831 Sq ft of living Space (718 Sq ft of inter + 113 sq ft Balcony). Floor To Ceiling Windows, Providing Awe-Inspiring ...

$879,999.00

Condos for Sale in Rouge Woods, Richmond Hill, Ontario $879,999

Elgin East Urban Towns Assignment Available For Sale / Neighbourhood: Rouge Wood / 2 Bedroom 2.5 Bath / Parking Spot 1 / Locker 1 / Size: 1289 SQFT / Occupancy: Mar 2023 / Asking Price: 879,999 - ...

$469,000.00

Condos for Sale in Keele/Sheppard, Toronto, Ontario $469,000

City of Toronto

Brand New Unit, Assignment Sale! $851/sqft in the Heart of Toronto WOW! Located In The Downsview Area. 1 Bed + Den & 1 Bath Spacious Unit. Modern Kitchen Cabinets. Stone Countertops & Carpet Free. ...

$925,000.00

#TH307 -130 HONEYCRISP CRES Vaughan, Ontario

MLS® #N8126072 This is an Assignment Sale. Beautiful Stacked Townhouse at M2 Towns - West Condomunium By Menkes. Featuring Functional and Open Concept Layout. Delight in your private rooftop terrace, ...

Assignment Sale!! 2 Bed 2 Bath High Flr Condo 785 Sqft + Parking

CG Tower is an entity on a journey from theory, to design, to construction, to—eventually—a living space. That journey has shaped an interior in perfect harmony with its remarkable exterior. Inspired ...

Modern 2BR 2BA | High Flr | 721sqft **Assignment Sale**

Encore at Theatre District is a new condo community by Plaza currently under construction at 28 Widmer Street, Toronto. The community is scheduled for completion in 2024. Available units range in ...

**ASSIGNMENT SALE!!** Exclusive M4 Condos

Mississauga

M4 Condos details Building Type: Condo Ownership: Condominium Selling Status: Sold Out Sales Started: 2021 Construction Status: Construction Estimated Completion: Jan 2027 Builder(s): Urban Capital ...

$540,000.00

Distressed 1 Bedroom Condo Assignment in Thornhill-Brand New

Here is your First Access to 1 Exclusive Condo Assignments in the Sold Out Thornhill Condos List Price $540,000 1 Bedroom & 1 Bathroom 536 Sq. Ft Interior Space 118 Sq. Ft. Balcony High Floor - 19 ...

$659,990.00

WHITBY FIRE 2 BED CONDO ASSIGNMENT SALE SELLING AT LOSS

2 Bed + Den 2 Bath 854 SQFT Interior + 66SQFT Exterior = 920 SQ FT 1 Parking Address: 1010 Dundas Street, Whitby, Suite #318 Asking Price: $659,990.00 Original Purchase Price: $694,990.00 + $4,000 in ...

$514,900.00

TORONTO KEELESDALE FIRE CONDO ASSIGNMENT SALE

1 Bed 1 Bath 552 SQ FT Daniels Keelesdale Phase 2 Unit R-308 Asking Price: $514,900 Original Purchase Price: $514,900 Deposit Paid to Builder: $25,745 Deposit Remaining: $0 Developer Fees are capped ...

$428,990.00

JOYA Condos | Lowest PSF In416 !! | NEW Incentives

Occupancy Spring 2027 EXCLUSIVE LIMITED CLIENTS INCENTIVES $3,650 with Offer and only 5% in 2024 365 days of Maintenance FREE Living 365 days of Property Tax FREE Ownership FREE Paneled Fridge (Value ...

$485,000.00

Daniel's MPV2 - Mount Pleasant Brampton - ONLY 10% DOWN

Daniels MPV2 is a new condo and townhouse development by The Daniels Corporation currently in preconstruction at Bovaird Drive West & Mississauga Road, Brampton. Occupancy Late 2025 For Condos ...

$499,990.00

KIPLING ST 90% SOLD OUT 2 Year RENTAL GUARANTEE | UP TO 75K OFF

LIMITED TIME - UP TO 75K OFF ASK FOR DETAILS 2026 Occupancy 2 Year Rental Guarantee Up to $4,250! Hands free, turnkey, fully managed! FREE Assignment Capped Development charges and levies

$500,000.00

The Post Condos | Oakville | 5% DOWN ONLY | Free Assignment

The Post is a new condo development by Greenpark Group currently in preconstruction at Postridge Drive & Dundas Street East, Oakville. The development is scheduled for completion in late 2024. The ...

$525,990.00

Erin Mills Condos | Free Parking | 1 Yr Free Maint.

May 2025 Occupancy Studio, 1 Bed, 1 Bed + Den and 2 Bed Units Available Terrace Suites Available Accessibility Designed Suites Available ALL SUITES: 10% EXTENDED DEPOSIT UNTIL OCCUPANCY • $10,000 ...

BLVD Q | 5% OFF NEW INCENTIVE

Occupancy October 2026 ONLY 10% DUE BEFORE OCCUPANCY $10,000 on signing Balance to 5% in 30 days 2.5% in 180 days 2.5% in 360 days 5% on Occupancy ONE YEAR FREE MAINTENANCE $0 DEVELOPMENT CHARGE CAP ...

$699,000.00

Creekside | $825 PSF | Lowest PSF in the GTA | FREE PARKING

ALMOST SOLD OUT 2 bed and 3 bed units available. up to 1500sqft Occupancy Late 2025 Free Assignment $0 Development Charges Free Parking Free Locker Additional Parking $20,000 Maintenance $0.45/sqft

$549,990.00

Lakeshore Condos | 1% Deposit Every 90 Days!!

Studio, 1 bed, 1 bed + den, 2 bed and 2 bed + den units available Terrace Collection Units Available EXTENDED DEPOSIT STRUCTURE $5,000 on signing Balance to 5% in 30 days 1% Every 90 Days (Until ...

$460,990.00

GUARANTEED ALLOCATION - Pickering City Centre

The Most Affordable Condos In The GTA SECURE your unit through allocation before general public access. This is the first phase of 10 condo development at PCC. Pickering City Centre is priced similar ...

$549,900.00

The Hill | Yonge & St. Clair | 50% Of Units Under 699k |

300 Units Under 699k Starting from 549k Closing 2028 EXTENDED DEPOSIT STRUCTURE $10,000 Bank draft on Signing Balance to 2.5% in 30 days 2.5% on January 10, 2024 2.5% on April 1, 2024 2.5% on January ...

Highmark Condos | Pickering |

2.99% or 20k off purchase price on select 1 bed and 1 bed + den units LOWEST DEPOSIT at 5% per year LOWEST CONDO FEES at 59 cents per sq.ft LOWEST CAPPED LEVIES at $2,500 LOWEST PRICED PARKING at ...

$599,990.00

Soleil | 7.5% DOWN ONLY | Up To $100,000 DISCOUNT

$5,000 on Signing Balance to 5% in 30 days 2.5% in 240 days 2.5% on Occupancy Up to $100,000 Credit on Closing 1 FREE Parking for all suites 2 FREE Parking for suites 900sqft or larger 1 FREE Storage ...

$505,990.00

NorthCore Condos- 2026 Occupancy - Low Deposit

NorthCore Condos is a new condo and townhouse development by Fieldgate Urban and Westdale Properties currently in preconstruction at 53 Sheppard Avenue West, Toronto. NorthCore Condos has a total of ...

$589,990.00

Connectt Condos | FREE Parking & Locker

Few Units Remaining 1 Bed, 1 Bed + Den, 2 Bed and 2 Bed + Den Available Parking & Locker Included Capped Development Charges Right to lease Assignment Permitted Closing Fall 2025

$670,000.00

The 9 Hundred Condos | $15,000 to $25,000 Cashback |

2027 Occupancy For A Limited Time Only! Client Cashback Incentive $15,000 - Suites 496-696 sqft $20,000 - Suites 697-846 sqft $25,000 - Suites 847 sqft and higher Limited Time Deposit Structure ...

$580,000.00

Union City FINAL RELEASE | Secure your unit BEFORE the Launch

FINAL RELEASE PREVIOUS PHASES SOLD OUT IN 10 DAYS! (1200 UNITS) UNRELEASED INVENTORY, THE PENTHOUSE COLLECTION AND TOWNHOME UNITS WITH NEW INCENTIVES BUY WITH ONLY 5% DOWN CONDOS, PENTHOUSES & ...

$561,990.00

Mile & Creek FINAL PHASE | Almost Sold Out | FREE PARKING |

From 550k Spring 2026 Occupancy ONLY 10% DEPOSIT! ONE PARKING INCLUDED! SECOND PARKING INCLUDED! (For Suites 915 Sqft and Larger) 1 YEAR FREE MAINTENANCE FEES! $0 DEVELOPMENT LEVIES! (Including all ...

$602,990.00

PARK ROAD | The Yorkville Flatiron | Closing 2027 |

FREE ASSIGNMENT FREE RIGHT TO LEASE DURING OCCUPANCY CAPPED DEVELOPMENT CHARGES Bachelor to 1B+D - $16,000 $15,000 2 Beds - $18,500 $18,000 3 Beds - $20,500 $18,000 EXTENDED DEPOSIT PROGRAM $10,000 ...

$600,000.00

Clockworks 3 | FREE PARKING | $0 DEV CHARGES | 10% DOWN

Mid 2026 Occupancy Launch Incentives Only 10% Deposit! $5,000 on signing Balance to 5% in 30 days 2.5% in 180 days 2.5% in 270 days 5% on Occupancy FREE PARKING $0 DEVELOPMENT LEVIES! Including all ...

$510,000.00

BEAUTIFUL 1 BED 590 SQ FT ASSIGNMENT SALE IN TORONTO

DIRECT BUYERS ONLY, NO REALTORS Take a look at this beautiful assignment sale. The closing for this beautiful property is happening soon! , contact me for more details. FOR MORE INFORMATION CONTACT ...

SELLING AT COST EMPIRE MAVERICK 1 Bed 1 Bath ONLY $599K!!!

ZERO PROFIT!!! SELLING AT COST - DT Toronto Toronto King St W -- Empire Maverick Condo Assignment For Sale: 1B 1B ONLY $599k!!!! Property Details: 333 King St W, Toronto ️️1Bed 1Bath 472 SQFT ☀️W ...

$1,249,999.00

Off Market/Selling at Cost2bed Assignment Sale at 11 Yorkville

Old Toronto

Best Deal Ever: 3 Selling at Cost Assignments at a World Renowned Address - 11 Yorkville Ave (Sold out building) INSPIRED BY THE TOWERS OF MANHATTAN, 11YV RISES 62 STOREYS ABOVE YORKVILLE, WITH ...

$1,288,800.00

Off Market/Selling at Cost-2bed Assignment Sale at 11 Yorkville

$759,999.00

Off Market/Selling at Cost-1bed Assignment Sale at 11 Yorkville

$1,050,000.00

Thornhill Promenade Park Towers - ASSIGNMENT deal

Assignment sale 2 Bedroom + Den, 910 Sq. Ft. with 40 Sq. Ft. open balcony facing park and 2 parking spaces , in one of the most anticipated projects in the City, great investment with direct access ...

$555,000.00

JUST LISTEDCondo Assignment in the heart of Toronto

JAC Condos is an innovative kind of condominium lifestyle with tons of style. Unique on the outside, breathtaking on the inside. A robust lifestyle, offering amenities that defines authentic downtown ...

$914,000.00

Auberge on the park 2 bed 2 bath w parking Assignment

Last month to purchase condo Assignment in Auberge phase 1 and 2 leslie / eglinton . Tridel project 2 bed 2 bath corner unit with clear south west views 20+ Floor include parking and locker Direct ...

M2M Yonge / Finch condo Assignment for sale

Few Assignment options in M2M condo occupancies start in March Final closing by summer 1: 700 sqft south - clear view - 20+ floor include parking and locker - 800k$ 2: 542 sqft one bed + den - north ...

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Condo Assignments: How They Work In Toronto

Understanding Condominium Assignments in Toronto

Defining Condominium Assignments:

An Assignment Sale involves selling your contractual rights and responsibilities for a property that has not yet been registered with the city. This means transferring your paper contract to a new buyer, known as the Assignee. While assignments are more common with pre-built condos in Toronto, they can occur in any type of property transaction.

Reasons for Selling a Condo on Assignment:

• Changing Circumstances: Pre-construction condos are often purchased years before completion. Life changes such as career shifts or family adjustments may lead the original buyer to reconsider their investment.
• Financial Factors: Sellers might lack funds to close the deal or secure a mortgage. Some also seek to capitalize on property appreciation to offset closing costs.

Examples of Closing Costs:

• Final Occupancy Deposit (around 5% of the purchase price)
• Interim Occupancy Fees (until official registration)
• Builder Closing Costs (typically 4-8%)
• Double Land Transfer Taxes (specifically in Toronto)
• Responsibility of HST Rebate Qualification falls on the Assignee
• Tax Implications on profit

While some claim that assigning contracts is an easy way to profit from pre-construction condos in Toronto’s hot real estate market, it’s not a guaranteed success.

Process and Considerations:

Assignments are not straightforward transactions; they involve complexities that deter many brokers due to associated red tape and confusion.

Key Points:

• Assignment Approval Fees: Developers often charge a fee (e.g., 1% of the original purchase price) for approving assignments, along with HST and administration charges.
• Limited Marketing Platforms: Assignments usually can’t be advertised on public platforms like MLS, Craigslist, Kijiji, or Facebook, making finding a buyer challenging.
• Developer’s Consent: Developers can deny assignment consent at their discretion. They may decline if they have unsold inventory, while approving assignments can bring them profit.

In most cases, greater profits come after building registration by selling the property as a resale condominium.

Benefits for Buyers (Assignees) in 2023:

In 2023, potential benefits for buyers looking at assignment opportunities include:

• Negotiation: Opportunities to negotiate price due to sellers facing mortgage qualification and closing cost challenges.
• Lower Deposit: A smaller upfront deposit compared to buying from the developer.
• Quicker Occupancy: Occupancy in a shorter timeframe (6-12 months versus 4-5 years).
• New Unit and Warranty: Access to a new unit with pre-delivery inspection and Tarion warranty.
• Investment Potential: Excellent rental prospects for investment-oriented buyers.

In Conclusion:

It’s advisable to view pre-construction purchases as long-term investments rather than quick flips. While an Assignment clause is beneficial, it’s not a guaranteed investment strategy. Assignment Sales can be promising in 2023, although they involve paperwork and potential challenges.

If you seek to explore assignment sales, whether as a buyer or seller, feel free to reach out for insights into assignments, pre-construction, or real estate investment.

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What You Need to Know About Condo Assignment Selling and Buying

By Condo Culture

9 Primary Steps Involved in Selling a Condo Assignment

• Review the Terms of Your Agreement of Purchase and Sale
• Get Approval From the Builder to Ensure Your Unit Can Be Assigned
• List Your Assignment For Sale (Advertising on MLS is typically prohibited by the Developer)
• Have Your REALTOR® Field Buyer Offers and Negotiate the Best Deal Possible
• A First Deposit Is Collected and Held In Trust By Your Real Estate Brokerage or Lawyer
• Work Through the Conditions Of An Offer With Your Selling Team
• Builder Approval Needed From the Purchaser On Proof Of Financing
• A Second Deposit Is Collected - Typically the original 15% to 20% Deposit
• Remaining Money Is Received Once the Unit Closes - the Difference Between Your Original Purchase Price and the Assignment Sale Price

There are all sorts of intricacies with condo assignment sales and purchases, so it’s important to first connect to a brokerage and REALTOR® with lots of assignment transaction experience under their belt.

We have helped hundreds of clients with their assignment buying and selling needs, and our client’s excitement and enthusiasm when a transaction is completed is incredibly rewarding! We are the area’s premier condo selling and buying team and walk hand-in-hand throughout the entire assignment process with our clients. We have a few exciting condo assignment listings available right now at Station Park and Garment Street Condo, each one includes a detailed floor plan so you can understand what the final product will look like. If one or more of those assignments interest you, be sure to click on the “TALK TO A CONDO CULTURE EXPERT” button and provide your information so one of our specialists can reach out to you.

Before getting into the nitty-gritty details of condo assignments, let’s first touch on the basics of them, so you have a sound understanding of the terms and how they work.

Outlining What a Condo Assignment Sale Is

In its purest form, a condo assignment is a unit that was originally purchased by a buyer during the pre-construction phase and that buyer wants to sell it prior to the building’s construction being completed, before an occupancy date reached and the building has been officially registered. The original buyer may want to sell the condo due to changing financial circumstances, he or she originally intended to move into the unit but plans have changed, it’s an investor who has too many units and wants to sell one off, or for a variety of other reasons.

Each condo developer handles assignment options differently, and some don’t allow them at all, so it’s important that if you’re buying a pre-construction unit, you understand the circumstances around them in case you need or want to sell prior to the completion date.

When a pre-construction is first purchased by a buyer, an Agreement of Purchase and Sale (APS) is drafted which outlines the purchaser’s legal rights and obligations. The person who is selling a condo assignment is named the assignor and the buyer is designated to be the assignee. An assignment clause is typically included in the APS and the fee is usually in the $5K to $15K range, but every developer has its own fee and terms.

How An Assignment Deal Gets Finalized

A conditional offer and agreement between the assignor and assignee becomes legally binding once the first deposit is made by the assignee, and that amount is negotiable. The assignee has 10 days after making the first deposit to have his or her lawyer review all original documentation to ensure everything looks solid. One common clause to be aware of is unit upgrades and unpaid unit upgrades, so there are no financial surprises as the condo moves through its construction process. The assignee is typically responsible for any outstanding costs including unpaid upgrade expenses, but like most aspects of assignment deals, everything is negotiable. Once the lawyer review is completed and deal conditions have been met, the next deposit by the assignee is required - typically 15% to 20% of the sale price or whatever the assignor originally paid as a deposit. Once the developer approves the transaction or when the assignee receives a mortgage once the building has been registered and occupancy begins, then the difference in price between the pre-construction price and assignment sale price will be paid to the assignor. The assignee is also responsible for the typical real estate closing costs at this point including Tarion warranty enrolment fees .

Benefits for Assignors

Most notably, the seller of an assignment is often making some sort of a profit - how much that ends up being varies depending on current market conditions, how far along the development is, what the assignment fee was, HST and tax implications, and other factors.

The next benefit is that there are no closing costs because the sale is happening before the building has wrapped up construction, so no mortgage is involved and closing costs are non-existent.

Once the assignment is sold and the APS belongs to the new owner, the assignor receives money as outlined above and can use it as he or she pleases for real estate or otherwise. Want to sell your condo assignment? Be sure to connect with us to leverage our deep experience with selling assignments as we have thousands of active buyers engaged on the region's top condo specific search site: CondoCulture.ca, do email marketing to thousands of subscribers through our One List and weekly newsletter , promote listings on our social media accounts, feature listings in our Uptown Waterloo store windows, plus so much more to ensure the success of our condo assignment sellers.

Benefits for Assignees

A big benefit to buying a condo assignment is that you can get access to a development that’s likely already sold out. Station Park is one example - the first two towers sold out extremely quickly in 2019, but we have sold dozens of assignments in Tower 1 and Tower 2 to buyers who couldn’t get their hands on a unit initially, but got their opportunity through an assignment.

With the condo resale market white-hot and multiple offers on almost every listing, assignments provide a fantastic buying opportunity as there’s often less competition for this type of real estate purchase. Assignments typically can’t be listed on traditional marketing channels such as MLS so you tend to see that fewer potential buyers are aware of them. This means that Assignment Units can often be purchased for their list price or at least in that general range. At any given time, Condo Culture has a number of off-market, exclusive listings that cannot be found on MLS, Realtor.ca, or coming soon listings. Bottom line - working with our team of REALTORS® gives you an unfair advantage for tapping into these exclusive listings as they first become available.

There can also be some outstanding value buying opportunities if assignors need some capital relatively quickly and are extra motivated to sell fast. There might be some room to negotiate on the list price and a unit can even potentially be purchased below the current estimated market value. This sort of scenario is especially attractive if the occupancy date is just a few months away and the asset can be used to live in or lease out in the not too distant future. Be sure to leverage our condo assignment buying experience - we have literally sold dozens of them over the past few months, and hundreds throughout our company’s history.

Assignments and HST

The assignor will need to pay HST on the profit that he or she makes on a condo in addition to the deposit money that gets returned - on average, roughly 78% of those amounts are taxable, but each and every assignment deal is unique and should be supported by experienced professionals including lawyers and accountants.

Real estate is often a numbers game, and what we are increasingly seeing is the list price being adjusted to essentially bake in the HST expense that will need to be paid. So if an assignor wants to clear $x from the sale, our experts are calculating the estimated HST that will need to be paid and adding it in. Every assignment sale and situation is unique, and that’s where our team’s specialized expertise comes in handy, so an assignor won’t be surprised when it comes time to pay the government their fair share. However, we strongly recommend working with professional accountants who have significant assignment deal experience - we can provide you with a shortlist of our favourites should you decide to list yours for sale through Condo Culture. We can almost always provide a breakdown of financial insights to our clients, but again, we strongly encourage working with a professional accountant who is well versed in assignment transactions to receive the most accurate numbers.

End-users who are looking to buy assignments can potentially get a break when it comes to paying the HST, but as we outline below, every deal is different, assignment laws are evolving, and it’s so important to have an experienced accountant and lawyer on your team to know what potential options are at your disposal.

Top Legal Considerations and Clauses For Assignment Deals

Every assignment deal is different and unique in its own right, so it’s vitally important to hire a lawyer who has extensive experience with these types of transactions. Laws regarding assignments may change over time, so again, a lawyer who has this specific expertise will be key to your assignment selling and buying success. Our team has worked with several lawyers to help bring assignment deals to the finish line, and we are more than happy to make recommendations when the time comes for legal representation.

A big part of each assignment deal is that the deal isn’t officially completed until the project’s developer has given formal approval in writing, and during this time, the seller has the ability to cancel the sale if he or she decides to (this is a very rare occurrence). One of the most common reasons for this happening is the condo’s value is increasing rapidly and the seller may feel that he or she can get a better deal elsewhere to realize a larger profit. No profit is made on an assignment sale until the building is registered, and the deal officially closes. The assignor will get the first deposit and his or her 15% to 20% deposit back, but won’t get the additional money until the building’s registration event takes place. Legal terms such as these mentioned here are typical assignment deal standards, but each agreement certainly has its own, and your lawyer will need to go through every clause and sentence with a fine-tooth comb.

In most cases, MLS / Realtor.ca can’t be legally utilized for assignment listings (unlike resale properties), so the buyer has to come from elsewhere. Again, that’s why Condo Culture is incredibly valuable when it comes to assignments since we have a large buyer database to pull from and the region's most active condo search site, along with many different marketing channels to ensure our sellers can connect with quality buyers to maximize the final sale price.

You need a complete team between a real estate professional, lawyer, and accountant to support you whether you’re selling or buying an assignment. This type of real estate product is much different from a resale property as you’re essentially buying and owning an agreement until the condo is registered and reaches its occupancy date.

We have created resources on this important topic in the past, we outlined the benefits of condo assignments and provided information on what they are and how to manage the assets, and also how to assign a pre-construction condo .

We are the area’s condo assignment expert, so if you’re looking to sell or buy one of these units, be sure to reach out to us so we can explore potential options with your exciting goals at the forefront of it all. Also, feel free to stop by our Waterloo office (pictured above) right below Bauer Lofts at 191 King Street South in Waterloo for a conversation, our team would love to speak to you about any of your condo goals.

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Guide to Condo Assignments

If you’re looking to buy a condo, you may have come across some MLS listings that are being sold as “assignments”. Here’s what a condo assignment is and what it means for the Buyer.

Some background on pre-construction condos…

To be able to understand what an assignment is, you need to know a few things:

• When a Buyer agrees to buy a condo from a builder during the pre-construction phase, they sign a pre-construction purchase contract (with a price, terms and conditions, deposit, etc.)
• When the new condo is built and ready to be moved into, there is a period of ‘interim occupancy’, where the Buyer can take possession (in other words, move into the unit). During the period of interim occupancy, the Buyer does not yet own the condo ; they simply pay the builder an amount roughly equal to what their mortgage payment + condo fees + taxes will equal. No transfer of land has yet occurred, and no mortgage has yet been given.
• Once a building has passed all the city inspections and gone through all the processes to become a legal entity, condominiums are officially registered. During this registration period, condo ownership is transferred to the Buyers, mortgages come into effect and Buyers officially become owners (a.k.a. the closing). The period between occupancy and registration (i.e. the interim occupancy period) can be anywhere from 3 months to 2 years–though registration typically happens 4-8 months after people begin to move in for the interim occupancy period.
• Sometimes, Buyers of pre-construction condos change their minds and want to sell their condo either before the occupancy period or before the official close. Their life circumstances may have changed, or they may have been speculative investors who never intended on actually taking possession of the unit. Because they don’t yet own the condo, they can’t sell it. What they can do, however, is sell their contract (their agreement with the builder to buy a unit) to another Buyer. This is what we call an assignment.

What is a condo assignment?

With an assignment, the Seller is selling their interest in a property (in other words, their contract with the builder). They aren’t selling the actual condo (as they don’t own it yet); they are selling their promise to purchase a property.

When you purchase an assignment, you are essentially stepping into the shoes of the original purchaser. You can’t renegotiate the price or terms of the contract; you are simply taking over the contract as it already exists.

It’s important to note that some builders won’t allow their original purchasers to assign contracts, or will only do so for a fee (we’ve seen assignment fees from $750 to $7,000). Builder approval to assign a contract is almost always necessary.

Advantages and Risks of Assignments for Buyers

• When you buy an assignment, you take on all the terms and conditions that the original purchaser agreed to – so if he or she didn’t get a lawyer to approve the agreement, for example, those risks are passed onto you. While you can have your lawyer review the terms they agreed to, you can’t renegotiate them.
• You also take on the usual risks of buying a pre-construction condo: time delays, changes to the unit or building, extended interim occupancy periods, etc.
• Depending on what stage of construction the condo is in when the contract is assigned to you, you may or may not be able to be involved in selecting finishes and upgrades.
• Because it’s a new construction condo, HST may apply. If you don’t move into the unit, you’ll be responsible for paying tens of thousands of HST on closing.
• When a condo is assigned to you, you generally have to mirror the deposit that the original purchaser has paid to date. So rather than providing the usual 5% deposit for a resale condo, you may be required to provide 15% of even 20% as a deposit. If you are a first-time buyer with a lower down payment, you may not be able to afford the deposits required for an assignment.
• With an assignment, you will be eligible for the Tarion warranty program , which provides years of warranties against defects and problems with your condo, and because all the appliances will be new too, they’ll also be covered by warranties.
• When the unit is officially registered, and you close on the purchase, you’ll be responsible for all sorts of closing costs that don’t apply to resale units. These ‘builder adjustments’ apply to all new construction projects and include development and education costs, HST on appliances, utility connections fees, and Tarion fees. These builder closing costs can easily amount to 1-3% of the original purchase price (and there’s talk of the development fees doubling in Toronto soon). If you’re looking at taking over someone else’s contract via an assignment, look to see if the original purchaser capped the amount of these costs when they originally negotiated the unit. Otherwise, make sure you have lots of money put aside for closing costs.
• Legal fees to purchase an assignment condo are usually generally higher than typical resale condo purchases. For a condo under $500K, plan on legal fees around $2,500 (vs. $1,800 for a resale).
• When you close on the actual purchase with the builder, you’ll need to pay land transfer tax . Because no land ever exchanged hands, the original purchaser will get to avoid paying land transfer tax.
• Going through the assignment process can be a great way to purchase a condo in a building that has no remaining inventory, and often the actual purchase price (before closing costs) is lower than it will be once the building has registered, and the condos are offered for sale in the resale market.

The assignment process is a tricky one, with risks, legal requirements and paperwork that doesn’t look anything like the usual agreement of purchase and sale for a condo.  If you’re considering an assignment, make sure you work with a REALTOR, who understands the intricacies of assignments and can guide you through the process. As always, we’d be happy to help!

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Condo assignment for sale.

Condo assignment for sale is a special kind of real estate deal in which the original buyer (assignor) sells their rights to a pre- or under-construction condo unit to another buyer (assignee) before the property is finished and the final closing. The assignor assigns to the assignee their rights and duties under the contract, and upon completion, the assignee undertakes the purchase agreement and receives possession of the unit. Condo assignments allow buyers to enter the housing market before the development is complete. Additionally, the assignee might profit from prospective property value growth before they become owners. Before moving forward with a condo assignment sale, both parties must comprehend the legal ramifications and any potential limits the developer imposes.

Condo Assignment Listings

Welcome to our premier Condo Assignment Listings platform, where we connect buyers and sellers in the dynamic world of pre- and under-construction condos. Our website showcases extensive condo assignment listings, providing a gateway to exciting real estate opportunities in Toronto and beyond. Whether you’re an investor seeking to capitalize on potential appreciation or a buyer looking for a unique entry into the market, our platform offers a curated range of condo assignments to suit diverse preferences and budgets. Explore our user-friendly interface to find the perfect condo assignment that aligns with your investment goals and lifestyle aspirations. With transparent and reliable information, our platform empowers sellers and buyers to navigate condo assignments confidently and easily. Join our thriving community of real estate enthusiasts today and unlock the potential of condo assignment opportunities. They are ads that real estate agents use to advertise a property for sale. The listing will indicate whether the seller has already sold their interest in the property or if they are still in possession of it. Assignment sale listings are important if you want to sell your condo contract, so make sure it is not forbidden by the developer. These listings offer information on how much money other owners have received for their assignments and who bought those. The Ontario Condominium Act defines a condo assignment as “the transfer of one’s right, title and interest in respect of a unit or common elements…by way of voluntary conveyance” (Ontario Condominium Act). This means that you could sell your ownership share for any reason as long as there is consent from your co-owner(s). When choosing which method works best for you, consider whether or not your buyout amount would cover all outstanding fees associated with closing costs such as legal fees and real estate commissions. You should also take into account any additional costs involved when selling an investment property like repairs needed before putting it on the market so that no surprises come back around later down the line! Condo assignment sales involve a lot of paperwork. You may need an experienced lawyer for a condo assignment to consider all the terms in the contract. Condo assignment sales are a great way for you to sell your condo for more money and make it easier on yourself. Condo assignments can be a great alternative to selling your property directly, and they’re also a convenient option if you don’t have time or energy to deal with the details of selling it yourself. Checkout Condos For Sale! Condo Assignment for Sale in Toronto – FAQ Since selling or buying a contract involves legal terms, people need more information to avoid financial loss and take advantage of the deal. That’s why we’ve provided you with the most frequently asked questions to address your potential concerns.

Toronto Condo Assignment

Discover the world of Toronto condo assignments with us! Toronto Condo Home is your go-to platform for buying and selling pre-construction and under-construction condo units in the vibrant city of Toronto. Whether you’re an investor seeking profitable opportunities or a buyer looking for a unique entry into the market, our website features a wide selection of condo assignment listings to suit your needs. Start exploring Toronto condo assignments now and embark on an exciting new chapter in your real estate journey!

How to Buy an Assignment Condo?

Research and explore assignment condo listings that match your preferences and budget. Our platform offers a curated selection to streamline your search. Engage with our experienced real estate agents specialized in assignment condos, who will provide valuable insights and guide you through the process. Carefully review and assess the terms of the assignment, seeking legal advice, if necessary, before finalizing the purchase. Our team at Toronto Condo Home is here to support you every step of the way, ensuring a smooth and successful transaction as you step into the exciting world of assignment condos in Toronto.

Condo Assignment Terms in Toronto

Are you seeking an unparalleled real estate opportunity that delivers your dream condo with unmatched value? Look no further! Our curated selection of condo assignments guarantees access to the most sought-after properties in Toronto. With our expert guidance, you’ll confidently navigate the intricacies of condo assignments, securing your dream condo at an irresistible price. Embrace the possibilities, seize the moment, and embark on a journey that leads to your dream home. Don’t miss out on the rewarding world of condo assignment terms in Toronto. Start your real estate journey with us today and make your dreams a reality!

Condo Assignment Clause

The condo assignment clause is a crucial part of a purchase agreement in condo assignments. The rights and responsibilities of the assignor (the original buyer) and the assignee (the new buyer) to the transfer of the condo unit are described in this paragraph. It details any costs or authorizations the developer needs, as well as the terms, restrictions, and demands associated with the assignment procedure. The condo assignment provision clarifies the obligations of each person involved and ensures a smooth and binding transaction. Sometimes an assignment clause is added into the original contract determining the transaction conditions. Some allows you to assign (or pass on) your rights as the buyer of a condominium. This means that if you are unable to complete the purchase for some reason, such as not having enough money for closing costs or not being able to secure financing, another person can step into your shoes and buy the property instead. While, some other restrict selling the contract before a certain percentage of units has been sold. Condo Assignment Sale Agreement The condo assignment sale agreement is a contract between the owner and the buyer. It outlines the terms of the sale, including the price and agreed-upon closing date. Once both parties sign this document, they have a binding contract that cannot be broken without clearance from their lender (if applicable).

Responsibility for HST

In a condo assignment transaction, the responsibility for Harmonized Sales Tax (HST) varies based on several factors, including the terms outlined in the original purchase agreement and any subsequent agreements between the assignor and assignee. Typically, if the original purchase agreement includes an HST clause requiring the assignor to pay HST, the assignor would be responsible for any applicable HST payments. However, it’s important to note that HST rules and regulations can be complex and may vary depending on the specific circumstances and jurisdiction. Both parties involved in a condo assignment should seek professional advice, such as consulting with a real estate lawyer or accountant, to understand their respective responsibilities and obligations regarding HST fully. HST (Harmonized Sale Tax) now applied to all Toronto condo assignments while some were HST-exempt before. It means all the contracts are taxable now. This is subject to not only condominiums but all the houses. It is important to be considered when a housing rebate is being claimed.

Condo Assignment Fee

The condo assignment fee refers to a charge imposed by the original buyer (assignor) when transferring their rights and obligations of a pre-construction or under-construction condo unit to a new buyer (assignee). The assignor typically determines the fee. It can vary depending on factors such as market conditions, the desirability of the unit, and any administrative costs incurred by the assignor. The assignment fee is negotiated between the assignor and the assignee as part of the assignment agreement. It is important for both parties to clearly define and agree upon the assignment fee before finalizing the transaction. It is advisable to seek professional guidance, such as consulting with a real estate agent or lawyer, to ensure a fair and transparent agreement regarding the condo assignment fee. It is usually 2-3% of the purchase price. It is paid by the purchaser to the seller at closing. The listing agent receives this fee, and it is an up-front payment for their services. When you sell your unit, your Realtor will inform you if there are any rights of first refusal or covenants on the title that may limit how much money you can receive for selling your unit or encumbrances against it (such as a mortgage).

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Condo Assignment - A Guide for Buyers & Sellers

What are assignments all about?

As a purchaser, you will usually wait a couple of years after signing an Agreement of Purchase and Sale (APS) for a condo in the pre-construction phase before actually moving in and taking possession of the unit. Typically, a realtor that specializes in pre-construction will ensure that an ‘assignment clause’ is drafted into your contract, giving you various options closer to the completion date. Why? Your situation may change – nobody knows what will happen between the time you sign the contract and when the building is ready for occupancy. Life happens. The assignment clause allows the original purchaser(s) to sell (assign) the Agreement of Purchase and Sale (contract) and all of its legal rights to a potential buyer. In the assignment world, selling is called assigning, the buyer is the assignee and the seller is the assignor. Assignments can get a little overwhelming for both assignees and assignors, but with the right lawyer/realtor combo, the transaction is a breeze. Let’s dive a little deeper into how you can assign your newly purchased condo unit below.

Who can assign?

Only the purchasers who’s names are listed on the original APS and have a legally valid assignment clause drafted into the agreement have the right to assign their suite. Unfortunately, those purchasers who did not request that the right to assign be written into the agreement at the time of purchase will not be able to get the builder’s approval to assign. Often times, builder consent must be granted before you are able to begin advertising your assignment sale. In order to obtain consent, the developer may have certain criteria that has to be met:

• a percentage of the building has to be sold firm (typically 80% plus) - at this point, the builder has most likely received their construction financing and you are not competing with the sales of their remaining inventory;
• a predefined portion of your deposits must have cleared (for example 3/4 (15%) of an agreed 20% deposit) - we have also seen builders request that any remaining deposits be paid in full and some even ask for futher deposits;
• the builder’s lawyer must grant you approval;

The criteria may vary per developer, but the above is what you should generally expect if you plan on assigning your unit. Make sure that you are aware of your rights and obligations, before committing to an agreement.

How do you assign?

Once you are ready and the builder gives you the go ahead, you can begin advertising your unit. Keep in mind that builders usually do not permit listing the suite on MLS since as a pre-construction purchaser, you do not have title to the unit until final closing. Also, a lot of MLS boards do not allow a property to be listed on the service if the property cannot be physically shown. The best way to gain the most exposure for your listing as an assignor is to contact a realtor who specializes in pre-construction condos. Pre-construction experts have access to different Realtor networks that focus on marketing exclusive "off-market" properties, such as assignments. At inCondo, we also have a dedicated section for our assignment listings . Most developments sell out of inventory quickly upon launch and a lot of buyers are not willing to wait a couple of years to take possession of their investment. These two factors set the stage for the condominium assignment market. Pre-construction professionals have a database of buyers who prefer to purchase a brand-new, never-lived-in unit and since there is most likely no remaining inventory available from the builder, they take to assignment sales.

What are the costs associated with assigning?

The fees associated with assigning your unit vary per developer and can depend on the incentives available at the time of signing the original APS. Builders may charge a fee if you decide to assign your unit – anywhere from free to $5,000+, in order to cover lawyer and administration fees on their end. The assignment transaction between assignor and assignee is separate from the original transaction with the developer. A commission should be paid to the Realtor that brings a client (assignee) and your listing Realtor will charge a marketing fee as well. Commissions are always negotiable. The only recommendation we can make here is to use the services of an agent that understands condo assignments and deals with pre-construction condos. Another fee you will encounter is your lawyer fee. Although assignments are increasing in popularity, most real estate lawyers do not work on assignments and it can be tricky to find an expert. David Feld & Sonia Kalia’s office ( wearelaw.ca ) is an excellent resource for legal assistance with regards to your assignment sale. When you find an assignee and accept an offer, or vice versa, always have your Assignment Agreement of Purchase and Sale reviewed by a lawyer to avoid complications upon closing and title transfer. Fees typically range from $2,000 - $2,500 since there are more contractual elements to inspect (including the original APS) compared to re-sale.

What should I expect while looking for an assignment?

As the assignee in an assignment sale transaction, we highly recommend that you fully read through the original APS with your lawyer to ensure a smooth transfer process. Keep in mind that you will be bound to the terms and conditions set out in the original contract – all of the risks, but also the rewards are passed on. Some of the liabilities include paying HST upon closing (unless you purchase for personal use), disbursing Land Transfer Tax (though first-time home buyers qualify for a rebate), providing the assignor with their deposits paid to date (potentially profits vs. original purchase price as well), and development/educational levy costs (these may be capped in the assignors original APS). You would usually encounter these same liabilities if you were to purchase the unit at the pre-construction phase years prior regardless, but at the assignment stage, there is little to no room for negotiation – all of the original contractual obligations transfer to the assignee. However, there are plenty benefits to purchasing an assignment sale, which include: selecting colours, upgrades and finishes (an assignee would have this opportunity if the purchase occurs approximately 1 year prior to construction completion), enrollment in the Tarion Warranty Program (legislated by the provincial government to protect the buyers of new construction), as well as access to brand new units located in the most desired areas and not available on the re-sale market, while eliminating the threat of other contesting buyers.

Overall, assignment sales are extremely intricate transactions which require your Realtor and lawyer to carry the utmost professionalism and expertise but can be very lucrative for both assignees and assignors. If you are currently searching for an assignment, would like to explore assignment opportunities, or have any questions, we are always happy to help!

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About This File

CVN Ulyanovsk

This model represents the Soviet Project 1143.7 CVN Ulyanovsk, as it probably would have appeared had the project had been carried through to completion.

I won't go into the actual history of the ship, as it's just as easy for anyone so inclined to perform an online search and dig up all the relevant details on the vessel.

This model was designed and optimized for SF2:NA, and that means Windows Vista, Windows 7, or Windows 8. At the very least it requires the latest SF2 series patch for its systems and DX10 visual effects to work properly.

To install this package, simply place the folders located inside the .RAR archive into the mod folder of whichever SF2 title you desire the ship to appear in.

Additional work may be required on your part to ensure that the ship's TEWS RWR symbol (SkyWatch) is added to the RWR list of any aircraft so equipped. Instructions on how to do this, can be found on the SF2 knowledge base, courtesy of EricJ:

http://combatace.com/topic/44441-making-a-custom-tga-for-tews-radar-warning-recievers/

Sound effects will also require editing of the soundlist.ini file in order to work.

I’ve included a modified soundlist.ini file, for those who do not have it extracted.

Warning: Be careful if you already have an existing custom soundlist.ini file, as it will be overwritten . In that case, simply add the following lines (shown below), taking care to follow the existing numbering sequence (the soundlist.ini will reside in your flight folder). Use the supplied soundlist.ini as a guide.

SoundFileXXX=Underway

SoundFileXXX=ReductionGear

SoundFileXXX=CIWS

Priority=Normal

3DSound=TRUE

DopplerEffect=TRUE

Looped=TRUE

NumBuffers=2

MaxDist=250.000000

MinDist=10.000000

InsideConeAngle=360

OutsideConeAngle=360

ConeOutsideVolume=100

[ReductionGear]

Priority=NORMAL

NumBuffers=4

MaxDist=2000.000000

Priority= Normal

DopplerEffect=FALSE

MinDist=50.000000

Known issues:

1) The supplied SA-N-11 Kortik SAMs are not precisely scaled, so they were placed in the center of each Kashtan's missile tube cluster. They also do not have a defined booster stage in their model file, so don't expect booster separation. Also, the actual SA-N-11 is guided by an optical tracking system in real life. Again, this is not supported by the series, so they were given high counter-measure rejection and probability of intercept values, to compensate.

2) As of the present date (October 7 2012) Third Wire does not support a PROPER VLS system on a vessel that's also equipped with mutiple SAM types, on slewable mounts. To put it simply, one can have a working VLS system and nothing else, or one can have working Kashtans. I chose the latter option, though the nodes and missiles are supplied if this situation were to change in the future.

3) Third Wire has not made provisions for a working "ski-jump", so virtual bow catapults are used instead, and aircraft thus launched will appear to fly through the bow ramp.

Ulyanovsk model, SA-N-9 model, and Textures for both, by Julhelm

SA-N-11 missile model and textures, based on the SA-19 by Gabilon.

Sound & Visual effects, and all data.ini work, by Fubar512

Testing by Dave, Wrench, Brain32 and Crusader.

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General Contractors in Ul'yanovsk

Location (1).

• Use My Current Location

Popular Locations

• Albuquerque
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• Ul'yanovsk, Ulyanovsk Oblast, Russia

Professional Category (1)

• Accessory Dwelling Units (ADU)

What is a general contractor?

Questions to ask prospective ul'yanovsk general contractors:.

If you search for General Contractor near me you'll be sure to find a business that knows about the latest trends and styles, guiding clients through successful renovation projects, building new homes, remodeling existing structures, or developing properties.

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