From Floorplans to Fortune: How Assignment Sales Work in Toronto’s Condo Market

Not every investor waits for the building to be finished. In Toronto’s fast-moving pre-construction market, many are turning to assignment sales — selling their unit before completion — as a way to generate profit faster and stay ahead of market cycles.

1. What Exactly Is an Assignment Sale?

An assignment happens when a buyer sells their purchase agreement for a pre-construction property to another buyer before the project closes. It’s like passing the baton — the new buyer takes over the remaining payments and ownership once the property is ready.

2. Why Investors Love It

Assignments let investors cash out early. If market prices rise during construction, they can sell their contract for more than they originally paid — realizing profit without waiting years for completion or dealing with tenants.

3. What to Watch Out For

Assignment sales come with their own rules. Developers and lenders often have specific policies, and there can be fees involved. Having an experienced pre-construction advisor ensures every detail is handled correctly — and that profits aren’t lost to paperwork.

In a city as competitive as Toronto, assignment sales offer flexibility and speed. Done strategically, they allow investors to move from one opportunity to the next — turning blueprints into fortune before the doors even open.