Top Condo Assignment Inventory for Sale in Toronto

If you are the lucky person who could successfully manage to purchase a pre-construction unit, you cannot just sell it any time after signing the contract with the Builder of the condo project.
There are restrictions applicable as per Builder’s criteria before they let you sell the unit.
Some Builder’s criteria could be:

1. Typically the Sold Out Unit Ratio (Number of sold Units/ Total number of the Units) shall be around 50% -90% depends on the Builder and/or the project.
2. Permission to assign by the Builder. Builders in nature would not like you to assign the unit to any other person. Some Builders would give you the permission at the time of signing the initial contract as a motivational selling material and they may mention a fee for it if assignment transaction happens later on. If you have not obtained that permission, we might be able to get it for you.
3. Permission to advertise on the MLS system. Again, Builders do not like to see any units to be shown up on the MLS system. They would like to control the selling price of the remaining units in the building and possibly the other phases of the same complex.