Guides Insights
Three guides, written for people about to commit to a pre-construction purchase or to sell a contract they already hold. Each says when it was written and what has changed since — on this subject the date is part of the fact.
The cheque an assignor receives is not the profit — most of it can be their own deposit coming back. The arithmetic with its assumptions stated, the costs that come off it, and the case where the value falls.
The process from budget to interim occupancy, with the deadlines that carry a penalty if you miss them and the clauses worth negotiating while you still can.
What the rescission right actually gives you, and why deposit protection is not the blanket guarantee it is often described as — including the figures, which differ between condominium and freehold.
Our original article has been withdrawn: the GST/HST rules changed in May 2022 and the flipping rule arrived in January 2023. What changed, and what to put to an accountant.
05 Get in touch
That one answer decides most of the rest — which releases you can act on, whether a 20 per cent extended schedule is workable, and whether an assignment with deposits already paid is the cheaper way in.
If you already hold a contract and are thinking about selling it, send the project name and your firm date. We will tell you what your agreement permits before quoting a price.
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