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There are troubling headwinds for Toronto’s pre-construction real estate market as buyers are increasingly worried they’re unable to close their purchase agreements due to significantly higher interest rates.
Some realtors have noticed a rise in inquiries for what are known as assignment sales — a legal transaction in which the original pre-construction condo buyer transfers the rights and obligations of the purchase agreement to another buyer.
Some realtors have noticed a rise in inquiries for what are known as assignment sales — a legal transaction in which the original pre-construction condo buyer transfers the rights and obligations of the purchase agreement to another buyer.
- Phone number(s)416-869-4200
- Information pageLink
- Location(s) One Yonge Street, Toronto, Ontario M5E 1E6
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