Assignment sales
There is 1 assignment sale available in Vaughan as of November 2026: 1 on the MLS® and 0 listed with Summitly. MLS® assignments start at an asking price of $499,999. 1 is linked to its building's pre-construction page. In an assignment you take over the original buyer's contract with the builder before closing.
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
1 assignment · updated November 10, 2026 · newest first. MLS® listings show their listing brokerage.
Vaughan · Condo
2 bed · 2 bath · 700-799 sq ft
Builder assignment fee: ask us
Vincent CondosListed by BAY STREET GROUP INC., Brokerage
For buyers
Checked against the sources listed, September 25, 2026. This is general information, not legal or tax advice.
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
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
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
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
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.
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.
1 as of November 2026: 1 active MLS® listings whose descriptions identify them as assignment sales, and 0 assignment projects listed with Summitly.
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).
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.
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.
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.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
