Assignments · Pre-construction
The right price, at the right time.
Assignments, pre-construction, resale and commercial real estate across the Greater Toronto Area, worked against the dates that decide every deal.
Musenna UcarREALTOR® Salesperson · Team Lead, Phoenix Real Estate TeamRealty Wealth Group Inc., Brokerage
What I do
- 01AssignmentsSelling a pre-construction contract before closing, or buying one from a seller who needs out.
- 02Pre-constructionBuying new with the exit planned from the first day: deposits, closing costs, the assignment clause.
- 03Buy & sellCondos, townhouses and houses, priced on evidence and negotiated with patience.
- 04LeasingThe right tenant for a landlord, the right home for a tenant.
- 05CommercialIndustrial, office, retail and development land, to buy, sell or lease.
The timeline
Every pre-construction deal runs on a calendar.
An assignment is bought and sold against dates: deposits, the builder’s consent, occupancy, final closing. Choose a stage to see what it means for you, whichever side you are on.
The assignment window: from signing until final closing.
Stage 1 of 5
Agreement
You sign the agreement of purchase and sale with the builder, usually years before anything is built. New condominium purchases come with a short cooling-off period to review it with a lawyer.
If you are selling (assignor)
Read the assignment clause now, not later: whether you may assign at all, from when, what the builder charges for its consent, and whether the unit may be advertised on MLS.
If you are buying (assignee)
If you buy an assignment later, this is the contract you step into: its price, its deposit schedule, its closing-cost terms and its dates all become yours.
Stage 2 of 5
Deposits
Deposits are paid on a schedule over the months or years of the build. Until occupancy, they are usually the only money you pay the builder.
If you are selling (assignor)
Every deposit you have paid is reimbursed by the buyer when the assignment completes, on top of any profit. Your deposit total sets the size of that cheque.
If you are buying (assignee)
You repay the deposits the seller has made so far; the balance of the price is not due to the builder until final closing. Less cash today, a mortgage later.
Stage 3 of 5
Construction
The structure goes up and the builder confirms, or moves, the occupancy dates. This is where most assignments are bought and sold: time to market the unit, find a buyer and get the builder’s consent.
If you are selling (assignor)
Plan backwards from the dates. Builders often set a deadline for assignments well before closing, and their consent takes time. The earlier you decide, the more buyers will see it.
If you are buying (assignee)
You are buying at a fixed price for a home finished later. Check the latest occupancy date, the assignment terms and what the closing costs will be.
Stage 4 of 5
Occupancy
For condominiums, interim occupancy: the unit is ready and the buyer can move in before the building is registered, paying a monthly occupancy fee instead of a mortgage.
If you are selling (assignor)
Occupancy fees start and the calendar speeds up. An assignment is often still possible here, subject to the builder, but the buyer pool is the one that can close soon.
If you are buying (assignee)
A finished unit you can walk through before you commit. Ask what the occupancy fee is and when registration is expected.
Stage 5 of 5
Final closing
The building is registered, title transfers, and the buyer pays the balance and the closing adjustments, usually with a mortgage. After this the contract can no longer be assigned: a sale becomes a resale.
If you are selling (assignor)
Miss the line and you close yourself, mortgage and all. Deals at this edge are won by speed and by working with the builder: some of mine closed days before it, and one after it had passed.
If you are buying (assignee)
Arrange financing early: lenders appraise near closing, and a buyer who can close on time is the buyer a seller near the line will choose.
At this line, from my record
- Closed Apr 2025MiltonTownhouse, 3 bedroomsAssignment saleActing for the Seller
- Closed Mar 2025OakvilleCondo, 2 bedroomsAssignment purchaseActing for the Investor
- Closed Jan 2025MississaugaCondo, 1 bedroom + denAssignment saleActing for the Seller
General information about Ontario pre-construction contracts, not legal or tax advice. Every builder’s agreement is different; read yours with a lawyer.
Track record
Closed, and on the record.
The deals I have posted, kept to what can be published: where, what kind of property, which side I acted for and what happened. No addresses, buildings or prices without a client’s written consent.
- Closed Oct 2026MississaugaCondo, one bedroomSaleActing for the InvestorAn investor I had helped assign a pre-construction unit earlier in the year asked whether it was also time to exit his condo. We listed it, secured the right price and closed; comparable values in the building have declined since then.
- Closed Jan 2026TorontoDowntownCondo, one bedroomAssignment purchaseActing for the InvestorA rare buy: the seller forfeited deposits to assign the contract to my investor client. Finalized and closed.
- Closed Sep 2025Richmond HillTownhouse, 3+1 bedroomsAssignment saleActing for the SellerSold as an assignment before the final closing, and closed.
- Closed May 2025TorontoNew townhouse, 2 bedroomsLeaseActing for the LandlordA brand-new townhouse leased to a quality tenant: a strong start to earning returns on the investment.
- Closed Apr 2025MississaugaCondo, 2 bedroomsAssignment purchaseActing for the InvestorThe seller (assignor) paid the buyer (assignee) to take over the contract: my investor client was paid to buy.
- Closed Apr 2025MiltonTownhouse, 3 bedroomsAssignment saleActing for the SellerThe offer came three days before closing, with the assignment deadline and the final closing already due. The builder granted an extension; the assignment was finalized and closed within two weeks.
Recognition
Realty Wealth Group · 2025
The Dream Team Award
Presented to the Phoenix Real Estate Team, which I lead, as the real estate team that generates the greatest gross commission income at Realty Wealth Group.
TODO: Team size in 2025 (RECO requires it next to a team award).
The year before, I received an award for the highest gross commission, after a year of learning from great mentors and teammates. TODO: Exact name of the 2024 award and who presented it.
06 Consultation
Tell me where your deal stands.
A closing date, a deposit schedule, a building you are watching: start with a call or a text. If I cannot pick up, leave a message or use the form, and I will call you back.
Musenna Ucar, REALTOR® Salesperson
Realty Wealth Group Inc., Brokerage