Vita on the Lake Condo

About Vita on the Lake Condo

Assignment sale is sky-rocketing in Toronto since the pre-construction projects are becoming more and more. An assignment sale is when the original buyer decides to sell a pre-construction property to another buyer before they take possession. in other words, a third party can take over the original buyers rights and obligations regarding the pre-construction property.

In Toronto, assignment sales are more common for pre-build houses than for resale properties. A sale has only one condition: the price, but in an assignment, you are also transferring contractual rights to another buyer. People have widely favored itis totally legal and throughout Toronto as an option in the housing and construction market. Finding a seller/buyer who looks for an assignment sale can sometimes be time-consuming and tiresome, but we changed that!