Assignment sales
Assignment Sales in Perry (October 2026)
There are no assignment sales listed in Perry right now (October 2026). An assignment lets you buy a new, unfinished home from its original buyer before it closes. New Perry assignments appear here as they list; the Ontario list below covers other cities.
Quick answer · What is an assignment sale?
An assignment sale lets you buy a new home or condo before it's built by taking over the original buyer's contract with the builder. You repay their deposit plus their profit now, the builder must usually agree in writing, and you pay the builder the rest at closing. GST or HST can apply to the profit.
Data refreshed Source: TRREB MLS® data, compiled by Summitly
Perry assignments for sale
0 assignments · updated October 8, 2026 · newest first. MLS® listings show their listing brokerage.
No assignments match these filters. or get alerts when one lists.
For buyers
How assignment sales work in Ontario
Checked against the sources listed, September 25, 2026. This is general information, not legal or tax advice.
What an assignment is
An assignment sale is when the original buyer of a new, not-yet-completed home (the assignor) sells their rights and obligations under the agreement of purchase and sale with the builder to someone else (the assignee), who then closes with the builder.
Source: GST/HST Notice 323: Proposed GST/HST treatment of assignment sales — Canada Revenue Agency
HST on the assignment
Since May 7, 2022, all assignment sales of newly constructed or substantially renovated residential housing are taxable for GST/HST. For assignment agreements entered into after May 6, 2022, an amount that reimburses the assignor's deposit to the builder can be excluded from the taxable amount when the assignment agreement states that part of the price is for that deposit reimbursement.
Source: GST/HST Info Sheet GI-120: Assignment of a purchase and sale agreement for a new house or condominium unit — Canada Revenue Agency; GST/HST Notice 323: Proposed GST/HST treatment of assignment sales — Canada Revenue Agency
Deposits
On a new condominium unit, the builder must hold deposit money in trust under the Condominium Act, and the new home warranty protects up to $20,000 if a deposit was not placed in trust. On a new freehold home, Tarion covers the deposit up to $60,000 on homes priced at $600,000 or less, and 10% of the price up to $100,000 above that.
Source: How does deposit protection work on new homes? — Tarion
Builder consent
Whether a unit can be assigned, and on what terms (for example the builder's written consent or an assignment fee), is set by the assignment clause of the original agreement of purchase and sale. Read that clause, with a lawyer, before you commit.
For assignors
Sell your assignment — list free
Can’t list on the MLS® because your builder doesn’t allow it? List with us for free. Buyers contact Summitly, never you. We handle the questions, the offers and the builder.
- Free to list. A commission is payable only if it sells through Summitly, at a rate agreed in writing first.
- Your contact stays private. The unit number is shown only if you allow advertising.
- We check it first. Upload your purchase agreement (or send it on request); we review before it goes live.
Get the Perry assignment list
Tell us what you're looking for and we'll send matching assignments as they list — free, no obligation.
Zara · AI virtual agent
Ask Zara, our AI virtual agent, about assignment sales
HST treatment, builder consent, cash-to-take-over — get straight answers, 24/7.
Prefer to talk to a licensed advisor? Call (905) 553-8500 · our main line.
Perry assignment sale FAQs
How many assignment sales are there in Perry?
0 as of October 2026: 0 active MLS® listings whose descriptions identify them as assignment sales, and 0 assignment projects listed with Summitly.
Do you pay HST on an assignment sale in Ontario?
Yes, generally. Since May 7, 2022, all assignment sales of newly built residential housing are taxable for GST/HST. For agreements after May 6, 2022, the part of the price that reimburses the original buyer's deposit can be excluded when the assignment agreement says so in writing (Canada Revenue Agency).
Is my deposit protected if I buy an assignment?
Deposits on new condominium units must be held in trust by the builder under the Condominium Act; on new freehold homes Tarion protects the deposit up to $60,000 at $600,000 or less, and 10% of the price up to $100,000 above that (Tarion). Confirm with your lawyer how the deposit moves to you.
Does the builder have to approve an assignment?
That depends on the assignment clause in the original agreement of purchase and sale: many require the builder's written consent and some charge a fee. Have a lawyer review the clause before you sign.
How are these listings found?
Our own assignment listings, plus active MLS® sale listings whose public remarks say "assignment sale" or "assignment of agreement" (phrases that say it is not an assignment are excluded). The MLS® has no dedicated assignment field, so an assignment described differently may be missed.
Still unsure? Call (905) 553-8500to speak with a licensed advisor. Not legal or tax advice.
