The modern on richmond toronto condos truecondos

The Modern on Richmond: Assignments Available

The Modern on Richmond started selling units back in November 2007. I remember this project launch clearly because it happened right at the same time as the original 1 Bloor project and it seemed everyone in Toronto was talking about pre-construction condos at the time. Oh wait, not much has changed in the last 4+ […]

Greed: Part 2

I had quite a few reactions (mostly via email) to my last post “Greed“. It seems it really struck a cord with both my fellow Realtors and consumers alike. As a follow up to that post, I wanted to talk about another segment of the market that in my opinion has gone off the deep […]

Why No One is Buying Your Assignment

Around this time last year I predicted 2009 was going to be the year of the assignment. I was wrong. While assignments did begin to take a greater role in the overall Toronto condo market, they still have not gone ‘mainstream’. Quite frankly, this method of buying and selling real estate will probably never go […]

Buyers: Avoid Bidding Wars in the Assignment Market

Buyers looking to avoid multiple offer situations should consider the assignment market. With several condo buildings coming on-line in the downtown core this winter and spring, many sellers will be looking to sell before registration. Buying by assignment gives you the opportunity to avoid the bidding wars that are rampant in the resale market. Nearly […]

Assignment Advantages For Sellers

In this installment of the Toronto Condo Assignment series, I want to talk about some assignment advantages from the seller’s perspective. It may seem that all the advantages in assignments are owned by the buyer, but this is not true. Some things to consider: Get your money back! Let’s face it, 20-25% of the average […]

Assignment Advantages For Buyers

Continuing the Toronto Condo Assignment series, let’s take a look at the key advantages for buyers of assignment listings. Lower purchase price. Buying an assignment is sort of like having a time machine and being able to go back in time to purchase a condo today, at yesterday’s prices. Sellers know they have to price […]

Pre-Sale vs. Assignments

Buying an assignment may seem at first like something very similar to buying pre-sale (or buying new directly from the developer), but there are many key differences to consider. Buying an assignment usually means you are getting a better price than if you just bought directly from the developer. However, instead of dealing directly with […]

Resale vs. Assignment

In this installment of the Toronto Condo Assignment series, we will be looking at some of the key differences between buying or selling resale compared to buying or selling an assignment. The biggest difference is that when you are buying resale you are buying real real estate. The property exists and it is registered in […]

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