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What is an Assignment Sale?
Assignment Sales ExplainedYou might have heard about Assignment Sales in regards to pre-construction condos in Toronto. Or, you might be thinking about buying an assignment property.What is an Assignment Sale?An assignment sale is when an intended buyer of a property (The Assignor) sells their purchase rights to a new buyer (The Assignee). They are actually selling their contract with the builder or property owner before they ever take possession. Therefore, they “assign” the..
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