What Is an Assignment Sale?

Written by Firas Swaida, RE/MAX Realty Services Inc., Brokerage. Updated July 2026.

An assignment sale is when the original buyer of a property, usually a pre-construction condo, sells their purchase contract to a new buyer before the deal closes and the unit registers. The original buyer is the assignor, the new buyer is the assignee, and the new buyer takes over the contract with the builder.

People sell assignments for many reasons: a change in plans, a chance to take a profit before closing, or simply not wanting to carry the final closing. Buyers like assignments because they can get into a nearly complete building without waiting years, sometimes at a good price.

There are details that matter, including builder consent, deposit structure, and the tax treatment of any profit. This is exactly the kind of deal Firas Swaida handles for GTA investors. If you hold an assignment or want to buy one, get a straight answer at (647) 402-4727.