Yossi Kaplan on Condo Assignments
What Is a Condo Contract Assignment?
A condo contract assignment occurs when an original pre-construction purchaser (assignor) transfers their Agreement of Purchase and Sale rights to a new buyer (assignee) before final building registration. The new buyer acquires the contract rights to complete final closing with the developer. View active opportunities in our Toronto condo assignments category.
How the Assignment Process Works in Ontario (2026)
Navigating an assignment transaction in Ontario follows a clear process:
- Reviewing Builder Contracts: Checking assignment permission clauses, developer fees, and marketing rules.
- Developer Consent: Securing mandatory written builder approval prior to execution.
- Assignment Agreement: Executing OREA Form 150 detailing purchase price, deposit reimbursement, and occupancy duties.
- Occupancy & Final Closing: Managing interim occupancy fees until final building registration, mortgage funding, and title transfer.
For buyer protections, read The Condo Clinic: Buying a Condo by Assignment.
Who Condo Assignments Are For
Pre-Construction Sellers: Original buyers needing to sell before closing to recover deposit equity or adjust investment strategy.
Condo Buyers: Buyers seeking brand-new Toronto condos with below-market entry pricing or immediate occupancy without waiting years for construction. Learn more on our Buying & Selling Condos page.
Why 15+ Years of Experience Matters
Assignment sales involve complex developer clauses, deposit structures, and tax rules. With 15+ years as a Toronto Realtor and condo assignment specialist, Yossi Kaplan, MBA, operates one of the city’s largest assignment networks.
Ready to sell your contract or find an assignment? Contact Yossi Kaplan today.