There are many condo buildings under construction and being completed around the GTA every month. It is nearly impossible to miss all the construction cranes dotted across the skyline. You might see a building under construction that looks perfect for you, but it has been entirely sold out and the presentation center closed. Fortunately, there are still ways that you can get your perfect condo.

It is common for investors to purchase units in these buildings with no intention of living there or leasing it out. Alternatively, someone may have purchased a unit and their circumstances may have changed and they are no longer able to close. Often these units are sold as assignments. This essentially means that the owner sells their contract at an inflated price before closing.

Commonly, the developer will state in the contract that these units cannot be advertised on the MLS, making it difficult to find assignments for sale. Cityscape Real Estate LTD, Brokerage sells a large amount of pre construction units every year and we are often the first to become aware of an assignment sale. Even though assignments are sold at a higher price than when they were first purchased, the complexity of the sale makes it still possible to get a better deal than purchasing a previously occupied unit. There is also less risk to the purchaser as assignments are often sold close to the closing date.

  • Get exclusive access to new pre-construction projects before they are available to the general public.
  • Our pre-construction projects are located in highly desirable areas with convenient access to transportation, schools, and amenities.
  • Pre-construction purchases offer the potential for significant appreciation and rental income, making them an attractive investment opportunity.
  • Savings: Pre-construction purchases can offer significant savings compared to buying a completed property.
  • Our team of experienced real estate professionals will guide you through the pre-construction purchase process, ensuring that you have all the information you need to make an informed decision.
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