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  • Search All Assignments
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Hamilton has quickly become one of the more sought after areas for those looking for more affordable options within a not to far commute to the Toronto Area.  With it's many neighbourhood amenities and beautiful scenic spots Hamilton is an attractive option for young families.  Assignments in Hamilton are not common yet but we see a rise in them in the near future.  See below the most comprehensive list of Hamilton assignments available.

Purchasing on assignment can be a great opportunity to buy in a sold out development closer to the occupancy date and often at a better price then current market value in the area.  Brand new, close moving in date and at a discount, this checks off many boxes for investors and end users alike.   

302 120 Springvalley Crescent in Hamilton: Gourley Condo for sale : MLS®# X9238837

Main Photo: 302 120 Springvalley Crescent in Hamilton: Gourley Condo for sale : MLS®# X9238837

302 120 Springvalley Crescent Hamilton L9C 0E4 Gourley

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418 600 North Service Road in Hamilton: Lakeshore Condo for sale : MLS®# X9195098

Main Photo: 418 600 North Service Road in Hamilton: Lakeshore Condo for sale : MLS®# X9195098

418 600 North Service Road Hamilton L8E 5A7 Lakeshore

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Our Guide to Assignment Sales

Our Guide to Assignment Sales

Monday September 27, 2021

Pre-Construction

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It’s pretty easy to see that Hamilton and the surrounding area are in a pre-construction boom. With so many new condos and townhouse developments, it’s an exciting time to be a buyer. 

One aspect of pre-construction home sales often overlooked or misunderstood is the concept of an assignment sale. What is an assignment sale? How does it work? Why would you need one? These are all questions you might ask yourself as an interested pre-construction buyer or investor. 

Here’s a quick guide to everything you need to know about assignment sales…

How is pre-construction different than buying resale.

Before we get into what an assignment sale is, you need to know one of the key differences between buying pre-construction and a re-sale home. For pre-construction, you are essentially buying the idea of a property. Since, in most cases, it hasn’t actually been built yet. 

Most pre-construction condo projects go through a sales phase before even breaking ground on construction. For the purposes of financing, most pre-con projects won’t even start until they are about 80% sold. 

For buyers, this means they need to put down a big investment before seeing their new property. And then on top of that, they often need to wait, sometimes months, before taking possession. 

We’re your local pre-construction experts. Take a look at this case study on how we sold 13 pre-construction condos in 48 hours. 

So, What is an Assignment Sale?

An assignment sale happens when the original purchaser of the pre-construction property sells it before ever taking possession. In this case, the original purchaser is known as the assignor, and the new purchaser is the assignee, and the sale happens before the project actually closes. 

Assignment sales can happen between private sellers or between property management firms and private buyers. Either way, if someone purchases a pre-construction building, and then sells it before title closes and changes hands from the builder to another party, it constitutes an assignment sale. 

Hamilton and the surrounding area are continuing to expand! Check out some of our neighbourhood blogs here to find out what you can expect from the local communities;

  • What to Expect When Buying a Home in Waterdown
  • Our Complete Guide to Central Hamilton
  • 5 Things You Need to Know About Hamilton Real Estate

Why Are Assignment Sales Beneficial? 

You might ask yourself, “why would someone buy a pre-con condo if they never intended to see the transaction through to the end?” And that would be a valid question. On the surface, it seems kind of backward. But when you really consider the benefits for both assignors and assignees, it starts to make more sense. 

For the Assignor

In many cases, developers offer exclusive deals and offers to entice buyers to act early on a pre-con project. This could come in the form of special financing or free upgrades. From there, the value of the property only continues to go up as it’s built. So for assignors, if they have the capital, they can often get in early on a pre-construction project and then sell it for a profit. 

Assignment sales are also helpful in case the assignor’s life situation changes between the time they register and invest in a pre-con condo and the time they are supposed to take possession. For example, perhaps they get a new job or have a life change that requires them to move somewhere different. Or maybe they are a real estate investor who has changed their mind and would prefer to sell rather than rent. 

There are often months in between investing in a pre-construction project and moving in. Life can change, so it’s nice to know you have the assignment sale option in your back pocket. 

However, there can be HST implications with an assignment sale, and it is always best to discuss with an accountant prior to making the decision to assign a property/

On the fence about whether condo life is right for you? Check out our blog about Upsizing 101: 5 Tips for Moving From a Condo to a House here.

For the Assignee

Assignors aren’t the only ones who can profit. Assignees can also maximize the benefit in these situations. Investing in a pre-construction condo or townhouse has certain risks involved. What if the project doesn’t receive full financing? What if there are unexpected setbacks and it takes even longer to build? The original purchaser of the condo is the one assuming all the risk here. 

As an assignee, you would get more peace of mind purchasing a condo closer to the closing date since the project will probably be on more solid ground by that point. Although you will probably pay a little more than the original purchaser, your transaction comes with fewer risks. 

The Best Way to Navigate an Assignment Sale

When it comes to successfully navigating an assignment sale transaction, your best course of action is to work with a real estate professional who is experienced and familiar with pre-construction projects and assignment sales. 

As an assignor and an assignee, you want to ensure your best interests are protected and your investment is sound. An experienced professional can advise you on whether or not an assignment sale is an advantageous investment or if you’re better off looking elsewhere. 

Ready to make a move in real estate? Here are some resources to help get you started:

  • What are Buyer Representation Agreements and Listing Agreements?
  • Why You Should Work with a Local Agent
  • How Seller’s Can Make the Most Out of a Hot Market
  • 7 Real Estate Terms Seller’s Often Misunderstand
Interested in learning more about buying and selling pre-construction? Contact us today here to learn more. 

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6 New Burlington Developments to Get Excited About

12.13.21 | Pre-Construction

6 New Burlington Developments to Get Excited About

Resale Home or Pre-Construction

10.28.21 | Buying

Resale Home or Pre-Construction: Which is Right For You?

Case Study: How We Sold 13 Condos in 48 Hours| Milton Pre-Construction

08.13.21 | Pre-Construction

Case Study: How We Sold 13 Condos in 48 Hours

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Mountainview Heights – Springfield Three

Hamilton assignments for sale.

Hamilton, the fourth-largest city in Ontario, offers a variety of communities, each with a distinct personality and appeal. Hamilton has it all, whether you’re looking for hip downtown living, old-fashioned homes, or emerging neighborhoods with room to develop. The city is renowned for its robust economy, cultural diversity, and natural beauty, making it a desirable location for inhabitants and investors.

Profit from the opportunity to invest in Hamilton’s booming real estate market. Take a look at our Hamilton assignments for sale right now to start the process of finding your next investment property.

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Assignments for Sale in Hamilton

Our comprehensive listing of assignments for sale in Hamilton is regularly updated to provide you with the latest opportunities. We work closely with our clients to understand their investment goals and provide personalized recommendations based on their needs. Our team of experienced real estate professionals is well-versed in the Hamilton market. It can provide valuable insights and guidance throughout the process.

Hamilton Assignment Listing

Using our Hamilton assignment directory, you may search through available assignments, evaluate properties, and locate the best fit for your investing objectives. We work closely with each of our clients to fully grasp their individual needs and develop tailored recommendations to help them get the most out of their investments.

Our Hamilton Assignment Listing isn’t just a compilation of properties; it’s a compass guiding you toward your real estate dreams. Leveraging a network of experts, developers, and investors, we offer you access to various assignment options. Whether you seek a contemporary condo or a cozy townhouse, our carefully curated listings cater to various preferences. Explore our listings, each enriched with comprehensive insights, and connect with us to set foot on your path toward experiencing Hamilton’s captivating living.

Hamilton Condo Assignments For Sale

Discover the charm and potential of Hamilton with our selection of condo assignments for sale. Nestled at the western end of Lake Ontario, Hamilton is known for its vibrant arts scene, stunning natural landscapes, and burgeoning real estate market. Explore a range of condo assignments that showcase this city’s diverse opportunities. From contemporary high-rise developments in the downtown core to boutique buildings in charming neighborhoods, our listings provide various options to suit different lifestyles and preferences. Enjoy Hamilton’s rich history and culture with its thriving arts and music scene, culinary delights, and recreational activities. Enjoy the convenience of proximity to major transportation routes, shopping centers, and the beauty of nearby conservation areas and waterfalls. Whether you’re an investor seeking growth potential or a homebuyer looking for an affordable yet vibrant city to call home, our Hamilton condo assignments offer a gateway to this exciting real estate market. Take the chance to be part of the Hamilton Renaissance. Explore our curated listings today and embark on your journey to Hamilton living.

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43 New Construction Detached & Townhomes in Hamilton ( 2024 )

43 new pre construction detached, townhomes, or condos for sale in hamilton , ontario | check out plans, pricing, availability for preconstruction homes in hamilton.

Mount Hope located at 9179 Airport Road West, Hamilton, ON image

1. Mount Hope

Starting from low $679.99k, 9179 airport road west, hamilton, on.

Occupancy Est. Compl. Fall 2025

Empire Lush located at 22 Green Mountain Road West, Hamilton, ON image

2. Empire Lush

Starting from low $849.99k, 22 green mountain road west, hamilton, on.

Occupancy TBD

Cachet Binbrook located at Binbrook Road & Fletcher Road, Hamilton, ON image

3. Cachet Binbrook

Starting from low $879.99k, binbrook road & fletcher road, hamilton, on.

Eleanor Living located at Eleanor Avenue & Dulgaren Street,  Hamilton,   ON image

4. Eleanor Living

Starting from low $1.45m, eleanor avenue & dulgaren street, hamilton, on.

On The Ridge Phase III located at 28 Mud St W Hamilton, Ontario image

5. On The Ridge Phase III

Starting from low $800k, 28 mud st w hamilton, ontario.

IMAGINE City View Estates located at 15 Ridgeview Drive, Hamilton, ON image

6. IMAGINE City View Estates

Pricing not available, 15 ridgeview drive, hamilton, on.

Occupancy Est. 2024

Westgate on Main Condos located at 415 Main Street West, Hamilton, ON image

7. Westgate on Main Condos

Starting from low $595.9k, 415 main street west, hamilton, on.

Occupancy Est. 2023

Linden Park located at East 16th Street & Vickers Road, Hamilton, ON image

8. Linden Park

Starting from low $999.9k, east 16th street & vickers road, hamilton, on.

Beasley Park Lofts  located at 134 Mary Street, Hamilton, ON image

9. Beasley Park Lofts

Starting from low $299.9k, 134 mary street, hamilton, on.

Occupancy Est. 2026

APEX Condos located at 35 Main Street West, Hamilton, ON image

10. APEX Condos

Starting from low $429.99k, 35 main street west, hamilton, on.

Occupancy Est. 2025

Television City Condos located at 163 Jackson Street West, Hamilton, ON image

11. Television City Condos

Starting from low $909.65k, 163 jackson street west, hamilton, on.

Radio Arts located at 206 King Street West, Hamilton, ON image

12. Radio Arts

206 king street west, hamilton, on.

The Design District located at 41 Wilson Street, Hamilton, ON image

13. The Design District

Starting from low $400k, 41 wilson street, hamilton, on.

Occupancy Estimated Summer 2026

Launching Soon - New Construction Projects in Hamilton

Electric Ave located at Rymal Road East,  Hamilton,   ON image

1. Electric Ave

Rymal road east, hamilton, on.

Occupancy TBA

Interlude Towns located at Burke Street, Hamilton, Waterdown, ON image

2. Interlude Towns

Starting from low $499.99k, burke street, hamilton, waterdown, on.

The Rebecca Condos located at 71 Rebecca Street, Hamilton, ON image

3. The Rebecca Condos

71 rebecca street, hamilton, on.

Corktown Condos located at 225 John Street South, Hamilton, ON image

4. Corktown Condos

Starting from low $300k, 225 john street south, hamilton, on.

Occupancy Est. 2027

1107 Main Street located at 1107 Main Street West, Hamilton, ON image

5. 1107 Main Street

1107 main street west, hamilton, on.

The Meadowlands Condos located at 559 Garner Road East, Hamilton, ON image

6. The Meadowlands Condos

559 garner road east, hamilton, on.

The Spencer at Dundas Peak located at 24 Brock Street North, Hamilton, ON image

7. The Spencer at Dundas Peak

24 brock street north, hamilton, on.

Heritage Gate Phase 2 located at Springbrook Avenue & Regan Drive, Hamilton, ON image

8. Heritage Gate Phase 2

Springbrook avenue & regan drive, hamilton, on.

The Crossings on Rymal Phase 2 located at Kingsborough Drive & Serenity Lane, Hamilton, ON image

9. The Crossings on Rymal Phase 2

Kingsborough drive & serenity lane, hamilton, on.

125 Wilson Street East Condos located at 125 Wilson Street East, Hamilton, ON image

10. 125 Wilson Street East Condos

125 wilson street east, hamilton, on.

Heritage Place Condos located at 2620 Hamilton Regional Road 56, Hamilton, ON image

11. Heritage Place Condos

2620 hamilton regional road 56, hamilton, on.

Eden Park Phase 2 located at 328 Rymal Road West, Hamilton, ON image

12. Eden Park Phase 2

328 rymal road west, hamilton, on.

16 Cannon Street East Condos located at 16 Cannon Street East, Hamilton, ON image

13. 16 Cannon Street East Condos

16 cannon street east, hamilton, on.

Peachy on the Mountain located at 108 Highland Rd W, Hamilton image

14. Peachy on the Mountain

108 highland rd w, hamilton.

The Connolly Condos located at 98 James Street South, Hamilton, ON image

15. The Connolly Condos

98 james street south, hamilton, on.

Waterfront Shores located at 44 Guise Street East, Hamilton, ON image

16. Waterfront Shores

44 guise street east, hamilton, on.

Maywood Towns located at 15 Church Street, Hamilton, ON image

17. Maywood Towns

Starting from low $1.7m, 15 church street, hamilton, on.

Sanders Garden Condos located at 69 Sanders Boulevard, Hamilton, ON image

18. Sanders Garden Condos

69 sanders boulevard, hamilton, on.

Steeltown City Co. located at 570 Upper Ottawa Street, Hamilton, ON image

19. Steeltown City Co.

570 upper ottawa street, hamilton, on.

Millen Road Condos located at 474 Millen Road, Hamilton, ON image

20. Millen Road Condos

474 millen road, hamilton, on.

Ancaster Glen II located at Garner Road East, Hamilton, ON image

21. Ancaster Glen II

Garner road east, hamilton, on.

77 James Street Condos located at James Street North & York Boulevard, Hamilton, ON image

22. 77 James Street Condos

James street north & york boulevard, hamilton, on.

Occupancy Est. 2028

Livingway Towns located at Hamilton, ON image

23. Livingway Towns

Hamilton, on.

SOHO Central Park located at 1809 Rymal Road East, Hamilton, ON image

24. SOHO Central Park

1809 rymal road east, hamilton, on.

75 James Condominium located at 75 James Street South, Hamilton, ON image

25. 75 James Condominium

Starting from low $500k, 75 james street south, hamilton, on.

The Moderne located at 8 Catharine Street South, Hamilton, ON image

26. The Moderne

8 catharine street south, hamilton, on.

Qwest located at 600 James Street North, Hamilton, ON image

600 James Street North, Hamilton, ON

Connolly Condos located at 98 James Street South, Hamilton, ON image

28. Connolly Condos

West Harbour located at 41 Stuart Street, Hamilton, ON image

29. West Harbour

41 stuart street, hamilton, on.

Peak Condominiums located at 1936 Rymal Road East, Hamilton, ON image

30. Peak Condominiums

1936 rymal road east, hamilton, on.

Page 1 of 43 Results

Check out Pre-construction assignments for sale in Hamilton

Raymond Rd & Robertson Rd- Ancaster located at Raymond Rd & Robertson Rd- Ancaster image

$ 820,000 2232 Sqft

Occupancy - December 2023

Raymond Rd & Robertson Rd- Ancaster

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Bay Street Group Inc., Brokerage

Upper Wellington & Stone Church Road E- SOLD located at Upper Wellington & Stone Church Road E- SOLD image

$ 775,000 1450 Sqft

Occupancy - March 2023

Upper Wellington & Stone Church Road E- SOLD

Raymond road & Stonehenge drive - Ancaster located at Raymond road & Stonehenge drive - Ancaster image

$ 810,000 2032 Sqft

Occupancy - July 2023

Raymond road & Stonehenge drive - Ancaster

Skinner Rd & Mallard Trail- Waterdown located at Skinner Rd & Mallard Trail- Waterdown image

$ 1,049,900 2059 Sqft

Occupancy - Feb 2023

Skinner Rd & Mallard Trail- Waterdown

Upper Red Hill Valley Parkway & Rymal Road East- Stoney Creek located at Upper Red Hill Valley Parkway & Rymal Road East- Stoney Creek image

$ 799,000 1700 Sqft

Occupancy - January 2023

Upper Red Hill Valley Parkway & Rymal Road East- Stoney Creek

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Homebaba is an online pre-construction homes database. Homebaba curates the list of projects that are publicly available on internet and does not take part in any real estate transactions. Be advised the information provided on this page could be outdated or inaccurate. By submitting above form you consent the real estate agents advertising on this page to connect with you. We may share your info to our partners or advertisers to help you with your questions. You can unsubscribe at any time by emailing us.

See nearby new construction Condos, Detached & Townhouses near Hamilton

Allegro located at 36 Klees Crescent,  Aurora,   ON image

Starting from low $2.47M

36 klees crescent, aurora, on.

Occupancy Est. Compl. Dec 2025

Uptown Condo Markham located at Warden Ave & Hwy 7, Markham image

Uptown Condo Markham

Warden ave & hwy 7, markham.

Vidal Condominiums located at 101 Bayly Street East, Ajax, ON, Canada image

Vidal Condominiums

101 bayly street east, ajax, on, canada.

Occupancy 2024

Midhurst Valley located at 1296 Carson Rd, Barrie, ON, Canada image

Midhurst Valley

Starting from low $1.15m, 1296 carson rd, barrie, on, canada.

The Ridge Towns located at Borrisokane Road, Ottawa, ON image

The Ridge Towns

Starting from low $672.99k, borrisokane road, ottawa, on.

Occupancy Move In 2025

Argyle Village Condo located at Hanlon Parkway & College Avenue West, Guelph, ON image

Argyle Village Condo

Starting from low $565.9k, hanlon parkway & college avenue west, guelph, on.

Twelve at Norquay Park Towns located at 5080 Chambers Street,  Vancouver,   BC image

Twelve at Norquay Park Towns

Starting from low $1.2m, 5080 chambers street, vancouver, bc.

Occupancy Est. Compl. Fall 2023

6444 Silver Avenue Condos & Townhomes located at 6444 Silver Avenue,  Burnaby,   BC image

6444 Silver Avenue Condos & Townhomes

6444 silver avenue, burnaby, bc.

Occupancy Preconstruction

Kingsway on Riverside Condos located at 215 Riverside Drive, Welland, ON, Welland image

Kingsway on Riverside Condos

Starting from low $499.8k, 215 riverside drive, welland, on, welland.

The Heights of Harmony located at 2443 Harmony Road North, Oshawa, ON image

The Heights of Harmony

Starting from low $844.9k, 2443 harmony road north, oshawa, on, pre construction homes in hamilton, ontario, looking for preconstruction homes in hamilton, ontario explore your options for condos, townhouses, and single homes in hamilton, and discover the benefits of customizing your new home before it's built. with a growing economy and real estate market, hamilton is an excellent location to invest in a preconstruction home..

Is buying pre construction condos or townhomes in Hamilton worth it?

Lower Initial Cost: If you are looking to buy a pre construction condo or townhomes in Hamilton, keep in minds that buying a preconstruction condo often comes with a lower initial purchase price compared to buying a completed unit. Developers may offer early bird pricing or incentives to attract buyers during the preconstruction phase, making it more affordable for potential homeowners or investors.

Potential Appreciation: Neighborhoods in Hamilton is growing. Waterdown, Stoney Creek or Ancaster is growing in population each month. The value of a preconstruction condo may appreciate between the time of purchase and the completion of the project. This can provide an opportunity for buyers to benefit from capital appreciation, allowing them to potentially sell the property at a higher price in the future.

Customization Options: One advantage of buying preconstruction condos is the ability to customize certain aspects of the unit, such as finishes, fixtures, and sometimes even layout modifications. This allows buyers to tailor the space to their preferences and create a personalized living environment.

Investment Potential: Preconstruction condos can be attractive for investors who are looking to enter the real estate market or expand their portfolio. With favorable pricing and potential appreciation, investors may see the opportunity for long-term rental income or profitable resale once the project is completed.

It's important to note that there are also some risks associated with buying preconstruction condos, such as construction delays, potential changes to the project's design, and market fluctuations. Before making any purchasing decisions, it's recommended to thoroughly research the developer, review the contract terms, and consider working with a real estate professional with experience in preconstruction properties.

Check out new pre construction homes for sale in Hamilton

  •  SOHO Central Park - By Losani Homes | Location : 1809 Rymal Road East, Hamilton, ON
  • The Design District - By Emblem Developments | Location : 41 Wilson Street, Hamilton, ON
  • 75 James Condominiums - By Fengate, Liuna and The Hi-Rise Group | Location : 75 James Street South, Hamilton, ON
  • The Connolly Condos - By Hue Developments | Location : 98 James Street South, Hamilton, ON
  • Steeeltown City Co. - By Elite Developments | Location : 570 Upper Ottawa Street, Hamilton, ON
  • APEX Condos - By Coletara Development | Location : 35 Main Street West, Hamilton, ON
  • Radio Arts - By Canlight Realty Corp. | Location : 206 King Street West, Hamilton, ON
  • Qewst Condos - By Pinemount Developments | Location : 600 James Street North, Hamilton, ON
  • Peak Condominium - By Royal Living Development Group Inc. | Location : 1936 Rymal Road East, Hamilton, ON
  • Heritage Place Condos - By Homes by John Bruce Robinson | Location : 2620 Hamilton Regional Road 56, Hamilton, ON
  • The Rebecca Condos - By Rosehaven Homes | Location : 71 Rebecca Street, Hamilton, ON
  • 125 Wilson Street East Condos - By Toscani Development Ltd. | Location : 125 Wilson Street East, Hamilton, ON
  • Heritage Gate Phase 2 - By Priva Homes | Location : Springbrook Avenue & Regan Drive, Hamilton, ON
  • The Spencer at Dundas Peak - By Sage Development Corp | Location : 24 Brock Street North, Hamilton, ON 
  • Cachet Binbrook - By Cachet homes | Location : Binbrook Road & Fletcher Road, Hamilton, ON
  • The Meadowlands Condos - By Elite Developments | Location : 559 Garner Road East, Hamilton, ON

Pre construction homes in Stoney creek

  •  The Independent Condos - By Jan Group Inc. | Location : 261 King Street East, Hamilton, ON
  • LJM Landing Condos - By LJM Developments | Location : 325 Hamilton Regional Road 8, Hamilton, ON

See all the Pre construction condos for sale nearby

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Buying a pre-construction home in Hamilton?

Here are a few things to consider when buying a pre-construction home:

Research the developer: Make sure you research the developer and their track record of delivering high quality properties on time and on budget. Look for reviews and talk to people who have purchased properties from them in the past.

Understand the terms of the purchase agreement: Carefully review the terms of the purchase agreement, including the deposit structure, closing date, and any warranties or guarantees being offered by the developer. Consider hiring a real estate lawyer to review the agreement.

Consider the location: Think about the location of the development and whether it is a desirable area to live in. Consider factors such as proximity to amenities, public transportation, and schools.

Check the price: Make sure the price of the unit is reasonable compared to similar properties in the area.

Understand the completion date: Make sure you understand the estimated completion date and whether it is realistic given the stage of construction.

Consider the amenities: Think about the amenities being offered and whether they are worth the price of the unit.

Check the size and layout of the unit: Make sure the unit meets your needs in terms of size and layout.

Visit the site : If possible, visit the site of the development to get a sense of the quality of the construction.

Consider future development in the area: Think about any potential future development in the area and how it may affect the value of your property.

Seek professional advice: Consider seeking the advice of a real estate lawyer or financial advisor to help you make an informed decision.

About the city

Hamilton is a mid-sized port city located in Southern Ontario, Canada.  It is also widely referred to as Hammer town or Steeltown. It is also a part of the golden horseshoe, a densely populated and industrialized region. It covers an area of 1118 sq. Km with a population density of 465 people per sq km. Residents of the city are popularly known as ‘Hamiltonians’.

Life in Hamilton Neighbourhoods

The city of Hamilton is admired for its beauty, green space, waterfalls, and festivals. The festival of friends, the latest music event in Canada, and the food and drink fest are the major festivals celebrated here. It is also home to a wide range of colleges and universities, providing a top-notch education.  The city is diverse and vibrant so are its neighborhoods. 

Leading Neighbourhoods in Hamilton

Ancaster  

Ancaster is the oldest neighborhood in Ontario. It is charming and quaint with easy access to all amenities. It is especially popular among families looking to settle. 

Corktown is the heart of hamilton’s history and character. It is a perfect choice for both families and young professionals. It provides easy access to malls, transit, parks, recreational amenities, and restaurants. 

Gibson is an up-and-coming neighborhood, especially popular among investors from Toronto. It is close to downtown and the waterfront making it ideal for new developments.  

Dundas 

Dundas has gained popularity among out-of-towners in these recent years for its boom in city life. Housing prices are also rising due to the desirability and quality of life in this neighborhood. 

Stoney Creek

Stoney Creek is nestled on the lakeshore east of Hamilton, with proximity to Toronto and Burlington. This neighborhood was previously an independent town and carries a strong identity.  It has a small community feel and a safe environment to lead a quiet family life. 

Housing Market of Hamilton

Hamilton is home to more than 222,805 households. The city is close to the Greater Toronto Area so, people working in GTA seeking a lower cost of living also prefer Hamilton. The average rent price for a 1 bedroom apartment is $760 in the city center and $645 outside the city center. It is a great place to live alone or with your family. It holds a large percentage of immigrants adding to its cultural diversity.  Major attractions:

Low Crime Rate

Lower Cost of Living 

Diverse Neighbourhoods

Green Spaces and Recreational Facilities

Progressive Community

Popular Property Types

Average Price

Detached

$1.1M

Condos

$620K

Semi-detached / Townhomes

$869K

Mortgage and down payment details

Mortgage rates in Hamilton can differ depending on your lender, down payment, tenure, mortgage type, and insurance. A standard mortgage rate on a 5-year fixed insured mortgage is 4.19%.    

As for the minimum down payment, 

If purchase price is less than $500,000- 5% min down payment

If purchase price is between $500,000 to $999,999- 5% min down payment on the first $500,000 and 10% on the remaining amount.

If purchase price is over$1,00,000- 20% min down payment

Property taxes and other taxes details

The property tax is subjected to the assessed value of your house/land. The assessed value is not equivalent to the market value of the property. The property tax rate is 1.208667% in Hamilton, which is significantly higher than in other Canadian cities. The tax amount is ultimately calculated by multiplying the tax rate by the assessed value of the property. And the property assessments are updated every four years in Hamilton. 

How much does it cost to live in Hamilton?

Hamilton is a sought-after destination for its urban feel and its proximity to Greater Toronto Area. The overall cost of living in Hamilton is about 25% lower than the cost of living in Toronto while the quality of life is top-notch. Rent and other household costs also vary across different areas within the city.

The average monthly expense of a family in Hamilton is C$4590-C$5400 on different sorts:

Rent/Mortgage

Phone and Internet 

Transportation

Childcare  

Lifestyle you lead significantly alters the cost of living. Shopping and other recreational activities expenses vary from person to person. Hamilton is a paradise for shoppers. The prices of clothing items are very affordable for everyone. Dining in restaurants from time to time is not a big difficulty although food prices are a little on the costly side.

Weather of Hamilton

In hamilton, the temperature is at 0 ° c or below for 129 days per year on average..

Hamilton has a humid continental climate. Summers are warm and breezy whereas winters are freezing cold, dry, and windy. July is the warmest, January is the coldest month, and there is significant rainfall throughout the year. Overall the weather in Hamilton is moderate as compared to most of Canada. 

Hamilton residents usually prefer their own vehicle to work and around the city. However, owning a vehicle is not just about gasoline, it requires regular maintenance and insurance, which is pricy and can be a bit of a hassle. Hamilton has good bus connections with cities in southern Ontario. You can use a taxi, bus, or train at your convenience.

PRESTO is used for cashless transactions while traveling within and between transit systems across GTHA. PRESTO fares include

Weekly pass:

$34 for adults

$22 for child  

Monthly pass:

$128 for adults

$84 for child

$3.10 for adults

$2 for child

Weekend Getaways

Located between Lake Ontario and Niagara Escarpment, Hamilton offers access to amazing nature trails, waterfalls, parks, art galleries, museums, and restaurants. Weekends in Hamilton can be anything but dull. Here are some of the weekend destination recommendations to ease your trip plans: 

The Art Gallery of Hamilton 

The art gallery of hamilton is the oldest and the largest public art museum in Southwestern Ontario. It is home to over 10,000 artworks from artists all over the world. It is an amazing weekend destination for both art lovers and non-artists alike. A trip to the art gallery of hamilton will surely lift your spirits. 

Royal Botanical Gardens

Royal Botanical Gardens (RBG) is the largest botanical garden in Canada and a major attraction during weekends. It is less than an hour's drive away from Hamilton. You can explore all gardens in your vehicle, or you can just enjoy your time walking alongside the gardens and reserve the rest for another trip.

Dundurn Castle

Dundurn Castle is a neoclassical Italian-style villa on York Boulevard, Hamilton. The tour guides there will ensure you have an excellent learning experience while enjoying its beauty. It is a complete historical and architectural experience. It is a great place to spend the weekend with your family and friends.

Bronte Creek Provincial Park

Bronte Creek Provincial Park sits right between Oakville and Burlington. It is less than an hour’s drive away from Hamilton. The park is extremely popular for its off-leash trails. It is an amazing weekend destination for birdwatching, hiking, and family picnics away from the city. 

Hamilton Waterfront Trail

Hamilton Waterfront Trail is a 7.5km long paved trail and a forming part of the great lakes waterfront trail. It is a popular destination for road biking, trail running, walking, roller-skating, cycling, and skateboarding. It is perfect for enjoying the solitude with your dog or spending a fun day out with your friends and family. 

Check out the video below to know more about -  On The Ridge Phase 3

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Disclaimer : The content written above are just personal opinion of Homebaba staff and do not guarantee to be factual or accurate. The information on this page are collected from publicly available websites and may not have updated or verified for accue. The information provided above should not be taken as an advice or recommendation in any way. Homebaba does not provide any real estate advice or recommendation. Talking to liscenced real estate agent or real estate broker is recommended for any advices and recommendation. Homebaba.ca does not guarantee the accuracy of the data provided on this page or across the platform.   

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10 Essential Things to Know About Real Estate Assignment Sales (for Sellers)

— We take our content seriously. This article was written by a real person at BREL.

assignment sale near hamilton on

What’s an assignment?

An assignment is when a Seller sells their interest in a property before they take possession – in other words, they sell the contract they have with the Builder to a new purchaser. When a Seller assigns a property, they aren’t actually selling the property (because they don’t own it yet) – they are selling their promise to purchase it, along with the rights and obligations of their Agreement of Purchase and Sale contract.  The Buyer of an assignment is essentially stepping into the shoes of the original purchaser.

The original purchaser is considered to be the Assignor; the new Buyer is the Assignee. The Assignee is the one who will complete the final sale with the Builder.

Do assignments only happen with pre-construction condos?

It’s possible to assign any type of property, pre-construction or resale, provided there aren’t restrictions against assignment in the original contract. An assignment allows a Buyer of a any kind of home to sell their interest in that property before they take possession of it.

Why would someone want to assign a condo?

Often with pre-construction sales, there’s a long time lag between when the original contract is entered into, when the Buyer can move in (the interim occupancy period) and the final closing. It’s not uncommon for a Buyer’s circumstances to change during that time…new job out of the city, new husband or wife, new set of twins, etc. What worked for a Buyer’s lifestyle 4 years ago doesn’t always work come closing time.

Another common reason why people want to assign a contract is financial. Sometimes, the original purchaser doesn’t have the funds or can’t get the financing to complete the sale, and it’s cheaper to assign the contract to a new purchaser, than it is to renege on the sale.

Lastly, assignment sales are also common with speculative investors who buy pre-construction properties with no intention of closing on them. In these cases, the investors are banking on quick price appreciation and are eager to lock in a profit now, vs. waiting for the original closing date.

What can be negotiated in an assignment sale?

Because the Assignee is taking over the original purchaser’s contract, they can’t renegotiate the price or terms of the contract with the Builder – they are simply taking over the contract as it already exists, and as you negotiated it.

In most cases, the Assignee will mirror the deposit that you made to the Builder…so if you made a 20% deposit, you can expect the new purchaser to do the same.

Most Sellers of assignments are looking to make a profit, and part of an assignment sale negotiation is agreeing on price. Your real estate agent can guide you on price, which will determine your profit (or loss).

Builder Approval and Fees

Remember that huge legal document you signed when you made an offer to buy a pre-construction condo? It’s time to take it out and actually read it.

Your Agreement of Purchase & Sale stipulated your rights to assign the contract. While most builders allow assignments, there is usually an assignment fee that must be paid to the Builder (we’ve seen everything from $750 to $7,000).

There may be additional requirements as well, the most common being that the Builder has to approve the assignment.

Marketing Restrictions

Most pre-construction Agreements of Purchase & Sale from Toronto Builders do not allow the marketing of an assignment…so while the Builder may give you the right to assign your contract, they restrict you from posting it to the MLS or advertising it online. This makes selling an assignment extremely difficult…if people don’t know it’s available for sale, how they can possibly buy it?

While it may be very tempting to flout the no-marketing rule, BE VERY CAREFUL. Buyers guilty of marketing an assignment against the rules can be considered to have breached the Agreement, and the Builder can cancel your contract and keep your deposit.

We don’t recommend advertising an assignment for sale if it’s against the rules in your contract.

So how the heck can I find a Buyer?

There are REALTORS who specialize in assignment sales and have a database of potential Buyers and investors looking for assignments. If you want to be connected with an agent who knows the ins and outs of assignment sales, get in touch…we know some of the best assignment agents in Toronto.

What are the tax implications of real estate assignment?

Always get tax advice from a certified accountant, not from the internet (lol).

But in general, any profit made from an assignment is taxable (and any loss can be written off). The new Buyer or Assignee will be responsible for paying land transfer taxes and any HST that might be due.

How much does it cost to assign a pre-construction condo?

In addition to the Builder assignment fees, you will likely have to pay a real estate commission (unless you find the Buyer yourself) and legal fees. Because assignments are more complicated, you can expect to pay higher legal fees than you would for a resale property.

How does the closing of an assignment work?

With assignment sales, there are essentially 2 closings: the closing between the Assignor and the Assignee, and the closing between the Assignee and the Builder. With the first closing (the assignment closing) the original purchaser receives their deposit + any profit (or their deposit less any loss) from the Assignee. On the second closing (between the Builder and the Assignee), the Assignee pays the remaining amount to the Builder (usually with the help of a mortgage), and pays land transfer taxes. Title of the property transfers from the Builder to the Assignee at this point.

I suppose it could be said that there is a third closing too, when the Buyer takes possession of the property but doesn’t yet own it…this is known as the interim occupancy period. The interim occupancy occurs when the unit is ready to be occupied, but not ready to be registered with the city. Interim occupancy periods in Toronto range from a few months to a few years. During the interim occupancy period, the Buyer occupies the unit and pays the Builder an amount roughly equal to what their mortgage payment + condo fees + taxes would be. The timing of the assignment will dictate who completes the interim occupancy.

Assignments vs. Resale: Which is Better?

We often get calls from people who are debating whether they should assign a condo they bought, or wait for the building to register and then sell it as a typical resale condo.

Pros of Assigning vs. Waiting

  • Get your deposit back and lock in your profit sooner
  • Avoid paying land transfer taxes
  • Avoid paying HST
  • Maximize your return if prices are declining and you expect them to continue to decline
  • Lifestyle – sometimes it just makes sense to move on

Cons of Assigning vs Waiting

  • The pool of Buyers for assignment sales is much smaller than the pool of Buyers for resale properties, which could result in the sale taking a long time, getting a lower price than you would if you waited, or both.
  • Marketing restrictions are annoying and reduce the chances of finding a Buyer
  • Price – What is market value? If the condo building hasn’t registered and there haven’t been any resales yet, it can be difficult to determine how much the property is now worth. Assignment sales tend to sell for less than resale.
  • Assignment sales can be complicated, so you want to make sure that you’re working with an agent who is experienced with assignment sales, and a good lawyer.

Still thinking of assignment your condo or house ? Get in touch and we’ll connect you with someone who specializes in assignment sales and can take you through the process.

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assignment sale near hamilton on

Raj Singh says:

What can be things to look for, especially determining market value for an assigned condo? I’m the assignee.

assignment sale near hamilton on

Sydonia Moton says:

Y would u need a lawyer when u buy a assignment property

assignment sale near hamilton on

Gideon Gyohannes says:

Good clear information!

Who pays the assignment fee to the developer? Assignor or Assignee?

Thanks Gideon 416 4591919

assignment sale near hamilton on

Melanie Piche says:

It’s almost always the Seller (though I suppose could be a point of negotiation).

assignment sale near hamilton on

Fiona Rourke says:

If there are 2 names on the agreement and 1 wants to leave and the other wants to remain… does the removing of 1 purchaser constitute an assignment

assignment sale near hamilton on

Brendan Powell says:

An assignment is one way to add or remove people from a contract, but not the only way…and not the simplest. Speak to your lawyer for advice on what makes the most sense for your specific situation. For a straightforward resale purchase you could probably just do an amendment signed by all parties. If it’s a preconstruction purchase with various deposits paid, etc it could be more complicated.

assignment sale near hamilton on

Katerina says:

Depends on the Developer. Some of them remove names via assignments only.

assignment sale near hamilton on

Haroon says:

Is there any difference in transaction process If assigner or seller of a pre constructio condo is a non resident ? Is seller required to get a clearance certificate from cRA to complete the transaction ?

assignment sale near hamilton on

Nathalie says:

Hello , i would like to know the exact steps for reassignment property please.

assignment sale near hamilton on

Amazing info. Thanks team. I may just touch base with you when my property in Stoney Creek is completed in. 2020. I may need to reassign it to someone Thanks

assignment sale near hamilton on

Victoria Bachlowa says:

If an assignor renegs on the deal and refuses to close because they figured out they could get more money and the assignment was already approved by the builder and all conditions fulfilled what can the Assignee do. I have $33,000 dollars in trust in the real estate’s trust fund. They sent me a mutual release which I have not signed. The interim occupancy is Feb. 1 and the closing is schedule for Mar. 1, 2019. I have financing in place, was ready to move in Feb. 1 and I have no where to live.

Definitely talk to your lawyer right away. They’ll want to look at your agreement of purchase and sale and will be able to advise you.

assignment sale near hamilton on

With assignment sales, there are essentially 2 closings: the closing between the Assignor and the Assignee, and the closing between the Assignee and the Builder. With the first closing (the assignment closing) the original purchaser receives their deposit + any profit (or their deposit less any loss) from the Assignee. Can I assume that these closing happen at the same time? I’m not sure how and when I would be paid as the Assignor.

assignment sale near hamilton on

What happens to the deposits or any profits already paid if the developer cancels the project after an assignment?

assignment sale near hamilton on

Hi, Did you get answer to this? I did an assignment sale last year and now the builder is not completing apparently and they are asking for their money back. Can they do that? After legal transactions, the lawyer simply said “the deal didn’t go through”. Apparently builder and the person who assumed the assignment agreed on taking out the deal. What do I have to pay back after it was done a year ago

This is definitely a question for your lawyer – as realtors we are not involved in that part of the transaction. I would expect that just as the builder would have to refund your deposits, you would likely need to do the same…but talk to your lawyer. As to whether the builder can cancel a project, yes they always reserve that right (but the details of how and under what circumstances would be in your original purchase agreement). It’s one of the annoying risks in buying preconstruction!

assignment sale near hamilton on

I completed the sale of my assignment in Dec 2015 however the CRA says I should be reporting the capital income in 2016 when the assignee closed his deal with the developer in July 2016. That makes no sense to me since I got all my money in Dec 2015. Can you supply any clarification on that CRA policy please?

You’d have to talk to the CRA or an accountant – we’re real estate agents,so we can’t give tax advice.

assignment sale near hamilton on

Hassan says:

Hello, You said that there are two closings. The first one between the assignor and the assignee and the second one between the builder and the new buyer (assignee). My question is that in the first closing does the assignee have to pay the assignor the deposit they have paid and any profit in cash or will the bank add this to the assignee’s mortgage?

The person doing the assigning usually gets their money at the first closing.

assignment sale near hamilton on

Kathy says:

What is the typical real estate free to assign your contract with the builder ?

Hi Kathy While we do few assignments (as they are rarely successful, and builders do not make it easy), in past we have charged more or less the same as we do for a typical resale listing. While there are elements to assignments that should be easier than a resale (eg staging), many other aspects of assignments are much MORE time-consuming, and the risk much higher since attempts to find a buyer for assignments are often unsuccessful. It’s also important to note that due to the extra complication, lawyer’s fees to assign are typically higher than resale as well–although more $ for the purchase side vs the sale side.

assignment sale near hamilton on

Mitul Patel says:

If assignee has paid small amount of deposit plus the original 25% deposit that the assignor has paid to the builder and gets the Keys to the unit since interim possession has been completed, when the condo registration is done and assignee is getting mortgage from the Bank or Pays the remaining balance to the Builder using his savings and decides not to pay the Balance of the Profit amount to Assignor, what are the possibilities in this kind of scenario?

You’d need to talk to a lawyer to find out the options.

assignment sale near hamilton on

David says:

How much exactly do brokers get paid at sale of Assignment? i.e. Would the broker’s fee be a % of your assignment selling price or your home’s selling price? I’m really looking for a clear answer.

I am using this website’s calculator associated with selling your home in Ontario. But there is no information on selling assignments. https://wowa.ca/calculators/commission-calculator-ontario

Realtors set their own commission, so there is no set fee- that website is likely the commission that that agent offers. We often see commissions of 4-5% for assignments. The fee is a % of the price of the assignment – for example, you originally bought for $500K; you’re now assigning for $600K – commission would be payable on the $600K.

assignment sale near hamilton on

Candace says:

Question: if i bought a pre construction condo, can i sell it as soon as it closes or do i have to live in it for 1 year after closing in order to avoid capital gains taxes?

Or does the 1 year start as soon as you move in?

I would suggest you talk to your accountant re: HST credit implications and capital gains, but if you sell it for more than you paid for it, capital gains usually apply.

assignment sale near hamilton on

You mention avoid paying HST when you assign your property. What is the HST based on? It’s not a commercial property that you would pay HST. Explain. Thanks.

HST and assignments are complex and this question is best answered specific to your situation by your accountant and real estate lawyer. In some cases HST is applicable on assignment profits – more details can be found on the CRA website here:

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/gi-120/assignment-a-purchase-sale-agreement-a-new-house-condominium-unit.html

If you are a podcast listener, the true condos podcast is also a great resource.

https://truecondos.com/cra-cracking-down-on-assignments/

assignment sale near hamilton on

heres one for your comment, purchase pre construction from builder beginning of 2021, to be finished end of 2021, (semi detached) here we are end of 2022, both units are now ready. Had one assigned but because builder didnt accept within certain time frame(they also had a 90 day clause wherein we couldnt assign prior to 90 less firm closing date (WHICH MOVED 4 TIMES). Anyrate now we have a new assinor but the builder says we are in default from the first one and wants 50k to do the assignment (the agreement lists the possibility of assigning for 12k) Also this deal would include us loosing our whole deposit and paying the 12k(plus fees) would be in addition too the 130k we are already loosing. The second property we are trying to close but interest rates are riducous, together with closing costs(currently mortgage company is asking that my wife be added to that one, afraid to even ask this builder. Any advice on how to deal with this asshole greedy builder? We are simply asking for assignment as per contract and a small extension for the new buyer(week or two) Appreciate any advice. Thank you

Dealing with builders/developers can be extremely painful, much worse than resale transactions in our experience. Their contracts are written to protect THEM. Unfortunately all I can say is follow the advice of your lawyer.

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The Comprehensive Guide to Assignment Sale in Canada

assignment sales canada

Assignment sale has become increasingly popular in the Canadian real estate market, offering buyers and sellers a unique opportunity to participate in property transactions before the completion of construction or even before taking ownership.

In an assignment sale, the original purchaser (the assignor) sells their rights and obligations under the purchase agreement to a new buyer (the assignee), who completes the transaction with the developer.

This post aims to provide a comprehensive overview of assignment sales , covering the legalities, pros and cons, and practical tips for both buyers and sellers.

By understanding the intricacies of assignment sales, individuals can make informed decisions, maximize opportunities, and navigate the process with confidence.

Assignment Sale in the Pre-Construction Real Estate Market

So, you have probably heard the term “assignment sale” thrown around in the Canadian real estate market, but what does it actually mean?

Well, in simple terms, a pre construction assignment sale occurs when a buyer of a property decides to sell their rights and obligations under the original purchase agreement to another buyer before the property is officially completed

It allows buyers to enter the real estate market without having to take ownership of the property and offers a chance to make a return on investment even before the property is built.

Unlocking the Key Elements of a Successful Assignment Sale

1. the legal framework.

Assignment sales are subject to various provincial and municipal regulations, which can differ from one jurisdiction to another. It is crucial to familiarize yourself with these regulations to ensure compliance and a smooth transaction.

2. Assignor and Assignee Rights and Responsibilities

Both assignors and assignees have rights and responsibilities when it comes to assignment sales. For assignors, it’s important to understand their obligations under the builder agreement and any restrictions on assigning the property.

Assignees, on the other hand, must thoroughly review the assignment agreement and conduct due diligence on the property before finalizing the deal.

3. Disclosures and Documentation Requirements

Transparency is key to a successful assignment sale. All parties involved must provide full disclosures of any relevant information to ensure a fair and informed transaction. Documentation requirements may include the assignment agreement, builder consent, and any additional documents required by the developer or municipality.

How Pre Construction Assignment Sale Beneficial for Both the Buyer and the Seller?

assignment sales

Assignment sales can indeed offer mutual benefits for both the buyer and the seller. Here are some benefits for each party:

Benefits for the Seller (Assignor)

  • Profit Opportunity: The original buyer can capitalize on potential market appreciation by selling the property at a higher price than the contracted purchase price. This allows the seller to make a profit without actually taking ownership of the property.
  • Avoiding Closing Costs: By assigning the contract, the original buyer can often avoid some of the closing costs associated with taking possession of the property, such as land transfer taxes and registration fees.
  • Flexible Exit: If the original buyer’s circumstances change, and they are unable or unwilling to complete the purchase, assigning the contract provides a way to exit the deal without defaulting on the agreement.

Benefits for the Buyer (Assignee)

  • Potential Discount: The assignee may have the opportunity to purchase the property at a lower price than the market value at the time of completion. It can be especially advantageous if property values are expected to rise.
  • Locking in Pre-construction Prices: Assignees can secure a property at pre-construction prices, which might be lower than the prices of completed units in the same development.
  • Avoiding Bidding Wars: In competitive real estate markets, getting involved in a pre-construction assignment can allow a buyer to secure a property without participating in bidding wars that often occur with existing homes.
  • Customization: In some cases, the assignee may have the option to customize certain features or finishes in the property since the sale is occurring before construction is complete.

Is Buying Assignments Really Worth the Cost?

assignment for sale

Whether it’s worth it to buy an assignment depends on various factors, and individuals should carefully consider their circumstances, goals, and the specifics of the assignment opportunity.

Here are some factors to consider when determining the value of buying an assignment:

  • Purchase Price vs. Market Value: Assess whether the assigned property’s purchase price is reasonable compared to its current market value. If the property has appreciated significantly since the original purchase agreement, it could be a good deal.
  • Assignment Fees and Costs : Take into account any fees associated with the assignment, such as the assignment fee charged by the original buyer (assignor) and any processing fees imposed by the developer. These costs can affect the overall affordability.
  • Market Appreciation Potential: Assess the potential for future market appreciation. If the assigned property is in a rapidly growing area or is expected to see increased demand, it could be a wise investment.
  • Financing and Affordability: Consider your financial situation and ability to secure financing. Determine if the assigned property fits within your budget and financial goals.
  • Timing: Consider the timing of the assignment. If you are in a rush to secure a property, an assignment may offer a quicker path to ownership compared to waiting for a new construction project to be completed.
  • Resale Potential: Calculate the resale value of the property. Even if you don’t plan to live in the property long-term, its future resale value is an important consideration.

How Assignment Sale Work?

Assignment sales in real estate involve transferring a buyer’s rights and obligations in a purchase agreement to another party before the property is completed and officially transferred to the original buyer.

Here’s a step-by-step overview of how assignment sales typically work:

  • Original Purchase Agreement: The process begins when an initial buyer (the assignor) signs a purchase agreement with a developer to buy a property during the pre-construction phase.
  • Assignment Decision: The original buyer decides to assign their rights to the property to another buyer (the assignee). This decision could be influenced by changes in personal circumstances, investment opportunities, or other factors.
  • Negotiation between Assignor and Assignee: The assignor and assignee negotiate the terms of the assignment, including the assignment fee. The assignment fee is the amount the assignee pays to the assignor for the right to step into the original purchase agreement.
  • Assignment Agreement: An assignment agreement is drawn up to formalize the rights transfer. This document outlines the terms of the assignment, including the assignment fee, any conditions set by the developer for approval, and the responsibilities of each party.
  • Developer’s Approval: The assignment agreement is submitted to the developer for approval. Developers typically have the right to review and approve or reject assignment agreements. They may charge a fee for processing the assignment.
  • Assignment Fee Payment : Once the assignment is approved, the assignee pays the assignment fee to the assignor. This fee is in addition to any remaining balance the original buyer owes to the developer under the initial purchase agreement.
  • Closing the Assignment: The assignment is closed, and the assignee assumes the rights and obligations outlined in the original purchase agreement. The assignee now becomes the new buyer of the property.
  • Completion of the Property : When the construction is completed, the property is officially transferred to the assignee. The assignee takes possession of the property without being involved in the original pre-construction purchase process.

Exploring the Diversity of Assignment Sale: Beyond the Condo Market

assignment for sales

While assignment sales are associated with condominiums, as many assignment listings are condos, it’s important to note that assignment sales can involve more than just condos.

Assignment sales can occur with various types of real estate, including:

Single-Family Homes

In some cases, individuals may enter into pre-construction agreements to purchase single-family homes. Assigning the rights to such agreements can also be done, although it might be less common than with condominiums.

Townhouses, like condos, are often subject to pre-construction sales. Assigning the purchase agreement for a pre-construction townhouse can provide similar opportunities for both the original buyer (assignor) and the new buyer (assignee).

Commercial Real Estate

While less common, assignment sales can also occur in the commercial real estate sector. For example, a business owner who has agreed to purchase commercial space in a pre-construction project might choose to assign that agreement to another party.

Land and Lots

In situations where developers sell pre-construction lots or parcels of land, assignment sales can involve the transfer of the right to purchase and develop that land.

Fractional Ownership

Assignment sales can also apply to fractional ownership arrangements, where an individual has agreed to purchase a fraction of a property (such as a vacation home) during the pre-construction phase.

Remember, selling through an assignment sale requires careful consideration and planning. By understanding the market demand, improving the property’s appeal, negotiating favorable terms, and seeking professional advice.

You should know three essential things before purchasing an assignment to increase your profitability and minimize potential pitfalls in the process.

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Nobody knows the assignment market in the GTA and southern Ontario better than me. Whether you’re looking to buy or sell, I promise to work hard on your behalf to ensure you get the best deal possible.

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About halton.

The Halton Region , or Halton Regional Municipality, is a regional municipality in Ontario, Canada, situated in the Golden Horseshoe in Southern Ontario. It consists of the cities of Burlington and Oakville, Milton, and Halton Hills, as well as the municipalities of Oakville, Milton, and Halton Hills.

In Canada, Halton is the best place to do business. It is located inside the country’s largest metropolitan area, Greater Toronto, and is near the United States border. Whether you’re looking to locate a new or existing business in the region, expand your current operations, or start a new business, Halton offers plenty of opportunities 

The Region of Halton is an excellent place to invest in real estate. The Halton Region as a whole is rapidly expanding. The rapid development of industrial lands in Milton and other neighboring towns is producing a lot of pent-up demand for development in Halton Hills as the next best area for long-term investment and expansion.

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Assignment Sales Halton

Halton’s real estate market, like the rest of the Greater Toronto Area MLS listings , is fairly stable and busy.

Halton has a strategic position for economic growth that’s why many people are investing in real estate services.

If you are planning to make an entrance in the Halton real estate market Assignment Sales are the best way. With the increasing amount of pre-construction condos nearing completion, the term Assignment Sales in Halton may come up frequently when searching for real estate. Assignment Sales are different from the typical real estate transactions.

These types of transactions are typically focused on pre-construction properties. The high number of assignors that want to sell the contract of their pre-construction properties is leading to massive usage of Assignment Sales Halton.

Assign Circle is a premium platform that gives realtors, investigators, and real estate agents the opportunity to display, access, and locate  assignment sales and assignable preconstruction projects

Whether you’re a Real Estate Agent, a Buyer, a Seller, or an Investor, you’ll appreciate how easy it is to use this platform to make your transactions go smoothly and quickly.

The most comprehensive and up-to-date assortment of Halton Assignment Sales listings can be found on Assign Circle. We offer four interesting packages that will help you finish your transactions in a fast and thorough way. Choose the package that fits you the best and start performing in the Halton real estate market. 

For people who are looking for houses for sale in Halton, we also offer real estate services for different cities and municipalities in Halton Region. We provide our customers with Assignment Sales Georgetown , Assignment Sales Burlington , Milton Assignment Sales , and Assignment Sales in Oakville .

We make sure that the information in Assignment Sales Halton is updated very often so you get the latest home for sale listing. Get in touch with one of our Halton real estate experts today!

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ASSIGNMENT SALE - 2750 SQ FT DETACHED HOUSE IN STONEY CREEK IN PREMIUM LOT* BEST DEAL in Stoney Cree...

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STUNNING 4 BED 4 BATH HOUSE IN HAMILTON 1,375,000 ONLY!

ASSIGNMENT SALE - 2750 SQ FT DETACHED HOUSE IN STONEY CREEK IN PREMIUM LOT* BEST DEAL in Stoney Creek, Hamilton by ROSEHAVEN 4 Bedrooms & 4 Washrooms - 2 Car Garage Lot Size : 35' X 122' Premium Lot ...

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SELLING NOW ! 3 STOR FREEHOLD TOWNS CLOSE TO CALEDONIA (NEAR HAMILTON) Starting From $564,990 Flexible Deposit Structure FREE Assignment Clause FREE Appliances $6,000 Decore Value Closing in 2025 ️ 3 ...

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$570000.00 including assignment fee. ARV $850000 Investors, seize the moment! We present a property...

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$570000.00 including assignment fee. ARV $850000 Investors, seize the moment! We present a property with three distinct appraisals, offering you a strategic edge in the market: Click the link to ...

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⚜️Purchase a freehold townhouse for $30,000 NOW SELLING! 2 BR & 3 BR units from 1650 sq. ft. London, ON BUYER INCENTIVES ✅ Free 3 S/S Kitchen Appliances ✅ Free Assignment ✅ Free Air Conditioner ✅ ...

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Beautiful Freehold Townhome for Sale in Caledonia Assignment Sale This modern freehold townhome is from the famous Empire Avalon project located in Caledonia, just minutes away from Hamilton! It’s ...

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  1. Listings for "assignment sale hamilton" in Real Estate in Ontario

    212 KING WILLIAM Street Unit# 1210 Hamilton, Ontario. Hamilton 22/04/2023. MLS® #40360061 :*Assignment Sale* 540Sq Ft Interior, 93Sq Ft Balcony 1 Bedroom/1 Bathroom Includes Stainless Steel Fridge, Stove, Dishwasher Includes Washer And Dryer, Locker Included. Open Concept ... $409,500.00.

  2. Available Assignments For Sale in Hamilton

    1111 2782 Barton Street E in Hamilton: Riverdale Condo for sale : MLS®# X8443306. Amazing opportunity to buy a assignment sale. One bedroom plus den in LJM Hamilton on Barton st Stoney Creek's newest condo buildings. This north facing Yorkshire model unit will offer panoramic city and lake views. This 1 bed, 1 bath unit is an ideal starter ...

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  4. assignment in Hamilton

    Hamilton. Detached house Assignment for Sale 2200 sq under 870k in Welland ON Full Brick House with 4 bedrooms. Tentative closing in Jan 2024, it maybe delay If interested, please call or text 647-795-3200 No ... $599,000.00.

  5. Hamilton Assignment Sales Platform

    Hamilton lies less than an hour west of Toronto, Canada's largest city, in Southern Ontario, the country's most densely populated and economically advanced region, and less than an hour from five main US border crossings. A workforce of over 2 million people lives within an hour's drive of Hamilton. Major economic hubs, ports of entry, and Canada's busiest international airport are all ...

  6. Ontario Assignment Sale

    Ontario Assignment Sale - Check out Pre construction Condos, Townhomes & Detached home assignment for sale in Ontario, Canada.. Is an Assignment legal in Ontario? An assignment is a sales transaction where the original buyer of a property (the "assignor") allows another buyer (the "assignee") to take over the buyer's rights and obligations of the Agreement of Purchase and Sale ...

  7. Our Guide to Assignment Sales

    Assignment sales can happen between private sellers or between property management firms and private buyers. Either way, if someone purchases a pre-construction building, and then sells it before title closes and changes hands from the builder to another party, it constitutes an assignment sale. Hamilton and the surrounding area are continuing ...

  8. Best Hamilton Assignments For Sale

    See the most complete list of pre-construction tasks in Hamilton for sale on the GTA assignment site|5+ Hamilton Assignments For Sale available. ... Hamilton, the fourth-largest city in Ontario, offers a variety of communities, each with a distinct personality and appeal. Hamilton has it all, whether you're looking for hip downtown living ...

  9. Assignment Sale & pre construction homes for Sale

    Assignment Sale in the GTA. Search or list your perfect home. Assign Circle will help you list or find your next listing with ease. Our user-friendly interface is designed to make your assignment sale and search for homes easy and quick in major cities across Canada.

  10. Top 43 Hamilton New Construction Homes, Condos & Townhomes

    Check out Pre-construction assignments for sale in Hamilton. 576 day ago $820,000 2232 Sqft. 3 Bed. 4 Baths. Townhome. ... Detached & Townhouses near. Hamilton. Selling Preconstruction. Allegro Starting from low $2.47M 36 Klees Crescent, Aurora, ON ... Looking for preconstruction homes in Hamilton, Ontario? Explore your options for condos ...

  11. Hamilton Assignments For Sale

    This is the CondoNow curated list of assignment deals in condos, towns, and more, in Hamilton. An assignment sale is when the original buyer sells a pre-construction property before they take possession - in other words, they sell the contract they have with the developer to a new purchaser. Buyers get a great deal by negotiating significant savings in comparison with resale and other pre ...

  12. ASSIGNMENT SALES ONLY

    **Exclusive Assignment Sale** Location: 1 Jarvis St. Hamilton, ON Intersection: Jarvis & King St E, Hamilton 2 Bed | 2 Bath Size: 623 sq. ft.+ 70 sq. ft. balcony Occupancy Date: March 26th, 2024... ASSIGNMENT SALES ONLY | **Exclusive Assignment Sale**

  13. "assignment sale in hamilton" in All Categories in Ontario

    Homes for Sale in Central East, Hamilton, Ontario $759,000. Hamilton. 3 wks ago. This is assignment sale.Two storey Townhouse.Two bedroom and underground parking.Estimated occupancy May 2024.Deposit $32,900.00Taxes not assessed yet.New building.Condo fees to be determined.

  14. 3,701 Hamilton Real Estate MLS® Listings & Houses for Sale

    Find 3,701 houses for sale in Hamilton, ON. Visit REALTOR.ca to see all the Hamilton, ON real estate listings on the MLS® Systems today! ... 120 DUKE Street, Unit #1506, Hamilton, Ontario 2. Bedrooms. 2. Bathrooms. 1346. Square Feet. ... Real Estate Near Hamilton. Real Estate in Burlington. 17 km away. Real Estate in Brantford. 28 km away ...

  15. 10 Things To Know About Assignment Sales in Real Estate

    With assignment sales, there are essentially 2 closings: the closing between the Assignor and the Assignee, and the closing between the Assignee and the Builder. With the first closing (the assignment closing) the original purchaser receives their deposit + any profit (or their deposit less any loss) from the Assignee.

  16. 30 Hopewell Crescent, Hamilton

    Properties list for an average of $3403.61. That is 15% higher than the average asking price of $814,283 found across all Hamilton homes for sale. Area listed homes average 403 sq ft, 3 beds, and 2 baths. The majority of properties for sale in the community around 30 Hopewell Crescentare houses.

  17. The Comprehensive Guide to Assignment Sale in Canada

    For assignors, it's important to understand their obligations under the builder agreement and any restrictions on assigning the property. Assignees, on the other hand, must thoroughly review the assignment agreement and conduct due diligence on the property before finalizing the deal. 3. Disclosures and Documentation Requirements.

  18. 24 Cherry Blossom Heights, Hamilton

    There are curently 168 houses for rent (Hamilton). 24 Cherry Blossom is in the city of Hamilton, Ontario. Stoney Creek, Burlington and Dundas are nearby cities. Cherry Blossom Heights has 3 homes presently for sale, while the city of Hamilton has 1122 homes for sale. The community around 24 Cherry Blossom contains more apartments for sale than ...

  19. Assignment Sale Hamilton

    Hamilton, Ontario Find what you are looking for. fr. ... Assignment Sale in Hamilton Chedoke Heights The newest community on Hamilton's West Mountain Priced at Mid 700s Sold out Community 3 bedrooms + loft 2 and half bathrooms End Unit 1471 sqf Large backyard Closing April 2023 Open Concept first floor layout EASY ACCESS TO: LINCOLN ALEXANDER ...

  20. 27 Cherry Blossom Heights, Hamilton

    About 27 Cherry Blossom Heights, Hamilton. As of today, there are 168 Hamilton houses for rent. 27 Cherry Blossom is a home located in Hamilton, Ontario. Nearby cities include Stoney Creek, Burlington and Dundas. Cherry Blossom Heights has 2 homes presently for sale, while the city of Hamilton has 1122 homes for sale.

  21. Toronto Condo Assignments For Sale

    CondoNow curated list of Toronto Assignment Sales: 11 YV Condos. Metropia Urban Design and Capital Developments and Riocan Real Estate Investment Trust. $1,629,990 - $2,475,990 | 531 sq ft - 954 sq ft. Yonge St & Yorkville Ave, Toronto. $1,629,990 - $2,475,990 | 531 sq ft - 954 sq ft. Public.

  22. Distressed Assignment Sale at Westgate

    Description. •⁠ Location: Locke St S & Main St W, Hamilton ON •⁠ Rooms: 1+1 Beds •⁠ 1 Bathroom •⁠ 567 sq ft. •⁠ Asking Price: $499,000 •⁠ Original Purchase Price: $558,900 •⁠ Deposit Paid By Assignor To The Builder: 83,835 ⁠⁠• Pending Deposit: $27,945 * Occupancy: Ready for Occupancy. * Steps from the upcoming ...

  23. For Sale: 3 Fallsview Road, Hamilton, ON

    Browse 38 photos of this House in Greensville, Hamilton listed for $1,659,000. This property features 4 beds, 3 baths and is 1264 Sqft. ... For Sale; Ontario; Hamilton; ... Cities near Greensville. Hamilton homes for sale (3.8 km) Burlington homes for sale (16.2 km) ...

  24. Halton Assignment Sales Platform

    Get in touch with one of our Halton real estate experts today! Assign Circle is a Halton assignment sales platform that is revolutionizing the way people buy and sell assignment homes, preconstruction homes, resale homes, mls listings, and more. With an interface that is easy to use and modern, search for your dream home by area, property type ...

  25. assignment sale in hamilton in Ontario

    Find assignment sale in hamilton in Ontario - Buy, Sell & Save with Canada's #1 Local Classifieds. ... Canada. Search. Related: Home; Real Estate; For Sale; Houses for Sale; Results for "assignment sale in hamilton" "assignment sale in hamilton" in Houses for Sale in Ontario. Showing 1 - 7 of 7 results Page 1 ... NEW TOWNS NEAR HAMILTON\r\r ...