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The Humber – 2F

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Prestige Condos – Residence 07

Citylights on Broadway – 2G-S

903 2033 Kennedy Road

• $1,035,000/sqft

WestLine Condos – Westline 900-P

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Galleria 3 – 3B 975

Toronto assignments for sale.

Welcome to Toronto Assignments for Sale! If you’re looking to buy or sell a property in Toronto, real estate assignments can be an excellent opportunity to consider. A real estate assignment is a legal agreement where the original property purchaser (the assignor) transfers their rights and obligations to another buyer (the assignee) before the closing date.

Real estate assignments can be a smart choice for both buyers and sellers. Dive into the heart of Toronto’s ever-evolving real estate market through our Assignments for Sale in Toronto page. As one of the world’s most dynamic and rapidly expanding industries, Toronto’s real estate arena offers a plethora of investment prospects that assignments can unlock.

Toronto’s real estate market is dynamic and diverse, offering various properties to suit various lifestyles and preferences. As Canada’s largest city, Toronto boasts a bustling urban core with an array of condominiums, townhouses, and high-rise developments, making it an attractive destination for those seeking the convenience of city living.

Beyond the downtown core, Toronto offers charming neighborhoods with tree-lined streets, historic homes, and a strong sense of community. These areas are popular among families and individuals looking for a quieter pace while enjoying proximity to the city’s amenities.

Its strong housing demand underscores Toronto’s unwavering appeal, rendering it a prime location for acquiring assignments. Whether you’re eyeing a condo, townhouse, or detached home assignment, Toronto’s diverse options cater to various preferences and lifestyles.

Our team of experienced real estate professionals can help you navigate the complex process of buying or selling Toronto assignments for sale, providing expert advice and exceptional service at every step.

Assignments for Sale in Toronto

Assignments are a fantastic method to participate in this exciting market because Toronto’s real estate industry is one of the worlds most dynamic and rapidly expanding. Find the best investment chances in the metropolis with our Assignments for Sale in Toronto page.

Toronto is a highly desirable city with a strong demand for housing, making it a great place to buy an assignment. Toronto has much to offer if you’re looking for a condo, townhouse, or detached home assignment.

We are a team of experienced real estate professionals specializing in Toronto assignments. You can count on receiving individualized attention, knowledgeable counsel, and a dedication to assisting you in realizing your objectives when you engage with us.

Toronto Assignment Listing

Are you searching for a real estate investment opportunity in Toronto? You can see our Toronto Assignment Listing uncover the top assignments for sale in the area.

Many pre-construction condos, townhomes, and detached homes are available in our listings. Whether you’re a first-time buyer or a professional investor, we offer something to suit your needs.

Our Toronto assignment listing is easy to use. To find the right investment opportunity, you can browse by property type, price range, or location. Each listing includes detailed information about the property, including floor plans, features, and amenities.

Look at our current listings of assignments for sale in Toronto, and contact us today to learn more about how we can help you invest in this market. With our expertise and resources, you can confidently invest intelligently in Toronto’s real estate market.

Toronto Condo Assignments For Sale

Unlock the vibrant Toronto real estate market with our exceptional selection of condo assignments for sale. Immerse yourself in the cosmopolitan lifestyle of Canada’s largest city through our wide range of condominium assignments. From sleek downtown high-rises to charming neighborhoods, our listings offer various options to suit different preferences and budgets. Acquiring a condo assignment allows you to seize the opportunity to own a desirable property before its completion, giving you the advantage of being part of Toronto’s dynamic real estate landscape. Explore the endless possibilities of owning a Toronto condo assignment, whether you’re an investor seeking lucrative opportunities or a homeowner looking for a modern urban dwelling. Take the chance to experience the unparalleled excitement and diversity of Toronto living.

We don’t just list condominiums at GTA Assignment; we also pave the route for your urban success tale. Our knowledgeable team can put you in touch with upscale Toronto condo assignments that will improve your city living.

When you deal with us, you invest in your urban future and purchase a condo. You may take advantage of the booming real estate market in Toronto.

Contact us immediately to invest in Toronto’s finest condos and experience the city’s vitality. Here is where your next urban journey starts.

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Assignments

What is an assignment.

A condo assignment refers to a real estate transaction in which the original buyer (assignor) of a pre-construction or under-construction condominium unit sells the rights to purchase that unit to another buyer (assignee) before the unit’s completion or before the original buyer takes possession of it. In essence, the original buyer assigns their purchase contract to a new buyer, and the new buyer assumes the rights and obligations of the original contract, including the agreed-upon purchase price and terms .

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8 Widmer St, Toronto, Ontario

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407 Dundas St W, Oakville, Ontario

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Recent condo/house assignments.

Gallery Square Condos | 1+1 Bedroom, 2 Bath, 1 Parking | 636 Sq.Ft | $735,000 | Assignment

Gallery Square Condos | 1+1 Bedroom, 2 Bath, 1 Parking | 636 Sq.Ft | $735,000 | Assignment Request Information

Line 5 Condos | 2 Bedroom, 2 Bath, Parking | 770 Sq.Ft | $999,999 | Assignment

Line 5 Condos | 2 Bedroom, 2 Bath, Parking | 770 Sq.Ft | $999,999 | Assignment Request Information

Social Condos | 0 Bedroom, 1 Bath | 420 Sq.Ft | $619,900 | Assignment

Social Condos | 0 Bedroom, 1 Bath | 420 Sq.Ft | $619,900 | Assignment Request Information

Saisons Condos | 1 Bedroom, 1 Bath, 1 Parking | 530 Sq.Ft | $700,000 | Assignment

Saisons Condos | 1 Bedroom, 1 Bath, 1 Parking | 530 Sq.Ft | $700,000 | Assignment Request Information

Kingsley Square | 1 Bedroom, 1 Bath | 473 Sq.Ft | $488,000 | Assignment

Kingsley Square | 1 Bedroom, 1 Bath | 473 Sq.Ft | $488,000 | Assignment Request Information

Central Condos | 2 Bedroom, 2 Bath | 638 Sq.Ft | $899,000 | Assignment

Central Condos | 2 Bedroom, 2 Bath | 638 Sq.Ft | $899,000 | Assignment Request Information

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Freehold Townhome in Georgetown Assignment Sale

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Areas to explore.

Assignment Sales are available throughout many areas, here are some of the areas in Ontario to explore.

Assignment Sale in the GTA

• Assignment Sales Toronto
• Assignment Sales Etobicoke
• Assignment Sales Scarborough
• Assignment Sales North York
• Assignment Sales East York
• Assignment Sales Vaughan
• Assignment Sales Durham
• Assignment Sales Ajax
• Assignment Sales Clarington
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• Assignment Sales Milton
• Assignment Sales Peel
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• Assignment Sales York
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• Assignment Sales King City
• Assignment Sales Richmond Hill

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• Assignment Sales Waterloo
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• Assignment Sales Brantford
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List of Condo Assignment sale Toronto (2024)

1 bed | 1 bath | 539 sqft Occupancy -2023

As the real estate market in Toronto continues to thrive, buyers are constantly seeking innovative ways to secure their dream properties. One increasingly popular option that offers unique advantages is condo assignment sale Toronto. 

Imagine this: you are dreaming of owning a brand new condo in the heart of Toronto’s vibrant cityscape, but the thought of dealing with construction and delays makes you break out in a cold sweat. Well, fear not, because pre-construction assignments might just be the answer you’ve been looking for.

In simple terms, pre construction assignment sales Toronto is when you purchase the rights to a unit in a condominium project before it’s even built, and then sell that contract to another buyer before the project is completed. It’s like being the ultimate middle-person, connecting eager buyers with yet-to-be-built real estate.

Toronto, the city that never sleeps, is no stranger to pre-construction assignments. They have become increasingly popular in recent years, attracting both seasoned investors and first-time buyers alike.

Why the hype, you ask? Well, for one, the Toronto assignment sales  market is hot, hot, hot. The demand for housing in the city is constantly on the rise, making pre-construction assignments a tempting opportunity to secure a slice of the 6ix while it’s still sizzling. 

Additionally, who doesn’t love the excitement of being part of a brand-new development, with all the shiny amenities and modern finishes that come with it?

1. Lower Purchase Price And Potential For Appreciation

Ah, the sweet sound of savings. One of the main perks of pre-construction assignments is the potential to snag a unit at a lower purchase price compared to buying directly from the developer. As the original purchaser, you can often secure a contract at a discounted price, which could mean significant savings in the long run.

And let’s not forget about the possibility of appreciation. By the time the project is completed, the market value of the unit could have increased, allowing you to sell it at a profit without even lifting a finger.

2. Customize and Personalize the Unit

Who doesn’t want a say in how their dream home looks? With a pre-construction assignment, you have the chance to work closely with the developer to customize certain aspects of your unit. From choosing the finishes and fixtures to selecting your preferred layout, you can add your personal touch without having to spend a fortune on renovations.

Think of it as the ultimate design challenge, where you get to channel your inner interior decorator and create a space that truly reflects your style and taste.

3. Access to High-Demand Properties and Desirable Locations

Toronto is a city full of desirable neighborhoods, and pre construction condo assignment sale Toronto can be your golden ticket to these sought-after areas. With the demand for housing continuously surpassing supply, getting your hands on a unit in a prime location can be quite challenging. However, condo assignment sales in Toronto offer the opportunity to secure a unit in a highly sought-after development, giving you access to those hot spots you’ve been eyeing.

In Toronto, as in many other cities, the pre construction assignment sale  Toronto refers to the buying and selling of a pre-construction condominium unit before it is completed and ready for occupancy. 

1. Research and Selection

• Begin by researching various pre-construction condominium projects in Toronto.
• Choose a project that aligns with your preferences in terms of location, budget, unit type, and amenities.

2. Consult a Real Estate Agent or Broker

• Work with a qualified real estate agent or broker who specializes in pre-construction assignments.
• They can help you find suitable projects and guide you through the process.

3. Purchase Agreement

• Once you’ve selected a project, you will sign a purchase agreement with the developer. This agreement outlines the terms and conditions of the purchase, including the purchase price and deposit requirements.

4. Finding a Buyer

• You can find a buyer for your assigned unit through various means, including working with a real estate agent or marketing it on your own.
• The buyer will need to be approved by the developer, and they may have to meet certain criteria.

5. Legal and Financial Considerations

• Consult with a real estate lawyer to ensure all legal aspects of the assignment are handled correctly.
• Keep track of your financial obligations, including deposits, assignment fees, and any other associated costs.

6. Developer Approval

• The developer must approve the assignment, which typically involves a review of the buyer’s financial qualifications.

7. Closing Process

• As the project nears completion, the closing process begins, and the buyer takes over the unit.
• The developer will typically conduct a pre-closing inspection to ensure the unit is in the expected condition.

1. Check Track Record of the Developer

When it comes to pre-construction assignments, the name of the game is trust. Researching the reputation and track record of the developer behind the project you’re interested in is crucial. You want to make sure they have a solid history of delivering on their promises, as delays or issues with construction can have a significant impact on your investment.

2. Assessment of the Location and Neighborhood

It’s not just a catchy mantra; it’s a crucial factor in real estate. Before committing to a pre-construction assignment, thoroughly assess the location and neighborhood surrounding the development. Is it close to amenities, transportation, and other conveniences? Does it fit your lifestyle and preferences? Remember, you’re not just buying a unit; you’re investing in a lifestyle.

3. Project Timeline and Completion Date

Patience is a virtue, especially in the world of pre-construction assignments. Understanding the project timeline and estimated completion date is essential. Delays are not uncommon in the construction world, so be prepared for potential hiccups along the way. Assess your timeline and expectations, and make sure they align with the developer’s proposed timeline.

Closing Words

In short, exclusive pre-construction assignments present an enticing opportunity for buyers in the thriving Toronto real estate market. By considering the benefits, understanding the process, and evaluating the factors at play, buyers can navigate this unique avenue with confidence. 

From lower purchase prices and potential appreciation to the ability to customize and access high-demand properties, pre-construction assignments offer a variety of advantages in the vibrant Toronto real estate market. 

However, it is crucial to remain mindful of potential risks and challenges associated with this investment strategy.When considering your options, remember that you can also explore similar properties in the realm of pre-construction homes in Toronto . However, it is crucial to remain mindful of potential risks and challenges associated with this investment strategy.

By staying informed, buyers can make wise decisions and seize prime opportunities in the ever-evolving landscape of Toronto’s pre-construction homes market.

1. What exactly is a pre-construction assignment?

A pre-construction assignment refers to the process of selling the rights, before the completion of a construction project, to purchase a property that is still being developed. In this scenario, the original purchaser (assignor) transfers their agreement to a new buyer (assignee) who assumes the rights and obligations of the purchase contract.

2- What are the potential risks associated with pre-construction assignments?

While pre-construction assignments offer different benefits, they also come with potential risks. Delays in project completion, changes in market conditions, financing challenges, and assignment restrictions are some of the risks that buyers should consider.

3- Can I customize a property through a pre-construction assignment?

Yes, one of the key advantages of pre-construction assignments is the opportunity to customize the property. Buyers can often work with the developer to select finishes and upgrades, and even make minor layout changes during the construction phase, allowing for a more personalized living space upon completion.

The Next Move Is Yours.

Don’t know where to start ? Contact Our Team

Nobody knows the assignment market in the GTA and southern Ontario better than me. Whether you’re looking to buy or sell, I promise to work hard on your behalf to ensure you get the best deal possible.

Sean Bhairo is a data-driven CPA and Sales Representative. Sean understands that buying or selling a home is one of the largest investment decisions you will make, and his goal is to leverage his skillset and experiences to help support these decisions.

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Condo Assignment Listings

Explore available condo assignment listings in the greater toronto area, m2 at m city.

3910 Confederation Parkway, Suite 627, Mississauga

1 Bed + Den

527 + 97 SQ FT

January 23, 2023

>> 1 Bed + Den | 1 Bath >> 624 sq ft (527 sq ft interior + 97 sq ft balcony) >> 6th Floor; NW Exposure; >> 1 Parking + 1 Locker INCLUDED >> Deposits Paid to Date: 20% ($68,880) >> Upgrades: Capped outlet in living room with switch for light fixture; Capped outlet in bedroom with switch for light fixture; Walk-In Closet in Bedroom; >> Original Purchase Price in 2017: $344,400 >> Asking Price: $649,000 >> Tentative Occupancy: January 23, 2023

CONDO ASSIGNMENT

Park Terraces South at Valhalla Town Square

10 Gibbs Road, Suite 515, Toronto

2 Bed + Den

757 + 52 SQ FT

Welcome to the Park Terraces at Valhalla Town Square. This 2 bedroom + den, 2 bathroom suite is 757 sqft in size. Open-concept layout with un-obstructed exposure. Shuttle to Sherway & Kipling Subway. Landlord's dream as already leased out to a AAA tenant for 1 year at $2,350 monthly! Final closing will occur on December 1st, 2022..

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Assignment sales are a touchy subject, and not many people understand the benefits and drawbacks. This is why our experts are stepping in to shed some light on the subject and to help you as a buyer or seller make the best deal possible.

What is an Assignment?

An assignment sale is the sale of a property before closing. These sales usually happen with pre-construction condos prior to occupancy, but it can be seen in resale properties as well. Essentially, it’s the selling of the contract the original owner had with the developer. 

Of course, there are advantages and disadvantages to closing on assignment sales, and our experts will dive into both sides.

Benefits of an Assignment Sale

First of all, potential buyers can negotiate an excellent deal before purchase. In this case, the new purchaser will have an edge. They get to move into a brand new Toronto condo and take possession of a space that hasn’t been lived in before. If you are the seller, you can liquidate immediately and reap the benefits of saved closing costs and time.

For example, the original buyer will avoid land transfer taxes, HST  [1] , and even get their deposit back faster. This will allow the original owner to move on without enduring a heavy loss on the assignment sale. 

Why Put a Toronto Condo on Assignment?

Circumstances change, and the most common reason for a property to be put on assignment are these uncertain changes. Perhaps the owner is being relocated to another city months beforehand, so their best option is putting it up as an assignment sale. It could also be because of some changes in their financial situation or something as simple as a change of heart.

It may not be as easy to sell assignments as there is a much smaller pool of buyers. However, assignment sales in Toronto have been growing in recent years and people are becoming more open to it as an option.

It is also a great solution if your circumstances change and you need to get out of the contract quickly. It may take some time, but the losses you sustain could be a lot less. Our experts stress doing due diligence on the property and contracts before taking the plunge.

If you are looking at a specific assignment sale and want more info, just complete the form and we will get back to you with everything you need.

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Guide to Condo Assignment Sales

If you’ve looked into purchasing pre-construction condos in Toronto you’ve come across the term “Assignment Sale”. Often Developers will offer allowing Assignment Sales as an added incentive for buyers. Or you’ll come across an agent or seller listing an assignment sale of a pre-construction condo.

The recent growth of the pre-construction condo market has seen a rise in this type of transaction, and so it’s important for buyers to understand how Assignment Sales work.

What is an Assignment Sale

An “Assignment” is a real estate transaction where the original buyer (the “Assignor”) sells their buyer’s rights to another buyer (the “Assignee”). In Toronto, assignments are common in pre-construction condos.

Assignor:  is the original buyer of the condo unit. The Assignor purchased the unit 3-5 years ago at the pre-construction sales phase directly from the builder. In an assignment transaction the assignor is the seller of this original agreement of purchase and sale.

Assignee:  is the buyer of the Agreement of Purchase and Sale from the Assignor. In an assignment transaction the assignee is the new buyer of the assignor’s agreement of purchase and sale

When does an Assignment Sale transaction happen

Assignments take place before Closing – before the buyer actually has position or title of the condo. Which is why the buyer is technically selling “buyer rights” or just the contract at this stage.

Who benefits from Assignment Sales

Assignments can be a useful tool for buyers and sellers.

Original Buyers, the “Assignor” benefit by not having to close on their condo purchase. That means the Assignor is not responsible for paying any closing costs. If occupancy hasn’t taken place at the time of signing, then the Assignor does not have to pay any occupancy fees. Instead, the new buyer or Assignee takes over and closes on the purchase with the Developer. Given the long lead times for pre-construction condos between purchase and closing, original buyers find the ability to make an assignment sale reassuring and beneficial since they are not locked into a contract. More aggressive real estate investors looking for more immediate ROI use assignment sales to close out their position and reap the margins realized on pre-construction condos before closing.

New Buyers, the “Assignee” benefit by getting an advantage in price relative to other ready-built condo properties on the market. Assignees also get a new, unlived home. If the Assignment takes place before the selection of finishes, the Assignee gets to make final colour and finishes selections and customize to their liking. Assignees also close in a shorter time period when compared with buying at a pre-construction project at an earlier launch phase. Finally, and perhaps most importantly, Assignees have to reimburse the Assignor all deposits already paid. These deposit amounts are on the original purchase price on the contract and not at today’s market value.

Risks associated with an Assignment sale

For the New Buyers, the “Assignee” when you purchase an assignment you take on all the terms and conditions of the original Agreement of Purchase and Sale (APS) contract. So if the original Buyer did not get their Lawyer to review the agreement to make sure things such as levies were capped then those risks are passed on to you. Assignee can protect himself by making sure the Assignment agreement has a clause that makes offer conditional on your Lawyer reviewing the original APS.

Assignee is also responsible for all the costs associated with purchasing brand new: Tarion Warranty fees, Builder fees, Development Levies, Utility connection fees and contribution to Condo Board reserve fund.

For Original Buyers, the “Assignor” risks include responsibility for any assignment fees charge by the Builder. In the event that Assignee (Buyer) can’t close the transaction then Builder may request that Assignor closes as per the terms of the original APS.

Builder will also stop communicating with Assignor and deal exclusively with Assignee once they have agreed to and executed assignment agreement. This makes it difficult for Assignor to get important updates. It’s therefore important that Assignor Lawyer keeps in touch with both the Builder and Assignee Lawyer until Final Closing.

Delays in occupancy or closing dates

The assignment remains valid regardless of delays. The Assignee has taken on the agreement and all buyer’s rights and responsibilities.

Assignee is unable to close

Typically the Assignor is not released from closing and both the Assignor and Assignee will be liable. We advise consulting a real estate lawyer to understand the terms and conditions with regards to assignments in the original agreement of purchase and sale.

Costs associating with assigning a unit

Developers typically charge an administration fee to process and approve assignment transactions. Both Assignors and Assignees are also strongly encouraged to involve a Lawyer, so there are legal fees to consider as well.

Payment of the interim occupancy fees

Typically the Assignee will pay any associated occupancy fees and any final closing costs unless negotiated otherwise in the assignment terms.

When does the Assignor get their money

Payment terms vary by agreement and are negotiated between the Assignor and Assignee. Typically the Assignor gets paid (partial or full deposit amounts) when the contract is signed, or the Assignee closes and gets legal title, or when the Assignee moves in and occupies the unit.

Who is entitled to the interest accrued by the original deposits made by the Assignor

The interest will likely be paid by the Developer to the Assignor, however this can be specified in the assignment terms.

Tax implications of Assignments sales

Buyers and sellers are also encouraged to get advice from a tax accountant. There are tax implications (GST/HST) where it is determined that the Assignor’s primary intent was to flip the property for profit.

Steps involved in an Assignment Sales process

It is crucial to work with an experienced agent when dealing with assignment transactions. Real estate Assignments are legally-binding, and it’s important to understand what the clauses mean and how they directly affect you. Buyers and sellers are also encouraged to get legal advice.

1. Ensure original Agreement of Purchase and Sale includes an Assignment clause , and understand the terms and conditions imposed by the Developer on assignment transactions. For example, some Developers may include restrictions that prevent any assignment sale until a certain percentage of the building has been sold directly by the Developer, typically 90-100%. There may also be additional restrictions on advertising or listing your unit for an assignment sale. Each Developer and project is different. Typically, developers have to grant permission to allow the assignment of units.

2. Find a new buyer, the “Assignee”  Finding a buyer can get tricky if a Developer prohibits listings and advertising. It is crucial to work with an agent that specializes in assignment sales to help you work around these restrictions to find a buyer.

3. Complete the required paperwork. Assignment sales involve a lot of paperwork and it is critical that the Assignment Agreement protects the interest of all parties involved. The diligence of an experienced agent and lawyer are crucial here due to the important points to be considered such as Developer’s Approval, Lawyer Reviews, responsibility for HST, Occupancy fees, Levies and closing costs etc. Additional factors to consider include, interest payments on deposits held by the Developer, and incentives per original agreement of purchase and sale to be credited by the Developer on final closing.

Assignments are great tools that offer value and benefits to both sides of the transaction, Assignors and Assignees. Due to the clauses and considerations involved, Assignments can often get complicated, making it extremely important to work with an experienced agent and real estate Lawyer to help mitigate risk.

Are you considering an assignment sale or interested in learning more? Drop me a line and let’s start talking!

Got a question? Submit it here!

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Two more big condo projects in and around Toronto have gone into receivership

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Toronto's once-lucrative condo market has been showing signs of faltering, with hardly anyone buying units  that still somehow remain doggedly overpriced.

As a result, developers are offering all sorts of desperate incentives or actually  backing away from towers already in progress  — and some are even defaulting on lenders as they can't secure the funds to keep certain projects going.

Along with  a number of complexes that have gone into receivership this spring, two more from Mizrahi Group are now apparently in financial trouble.

Sam Mizrahi, of course, is the developer who was famously removed from key roles in  his own supertall skyscraper project , Yonge and Bloor's The One, a 91-storey hotel and condo that is now being sold off after its own receivership order .

According to Storeys, Mizrahi's ongoing residential builds at 128 Hazleton Avenue  in Toronto's Yorkville neighbourhood and at 180 Steeles Avenue  just outside the city's bounds in Vaughan are also now facing the same fate.

One creditor claims they are owed $47 million and $29 million, respectively, in unpaid and unaddressed debts that they hope to recover through the court orders.

Private real estate fund Constantine Enterprises Inc., on board for both developments, said in an affidavit in April that it has "lost confidence in Mizrahi and the Mizrahi Group’s ability to fulfill their financial obligations."

It added that the nearly complete Hazleton condo, in particular, is now tens of millions over budget, years behind schedule and "at a standstill because of the lack of funding." Between last December and this April, multiple units in the building were put on the market for a staggering $3 million to over $8 million. The listings have all since  expired .

Mizrahi has launched his own litigation in response, though there are tens of millions said to be owed to other firms he had partnered with for the communities.

KSV Advisory looks to be the receiver in charge of both properties and their thousands of collective units, with the future for buyers and other stakeholders now uncertain.

Mizrahi Developments

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Toronto Blue Jays Call Up Top Prospect Orelvis Martinez, Place Bo Bichette on IL

Sam connon | jun 18, 2024.

• Toronto Blue Jays

The Toronto Blue Jays announced several major transactions on Tuesday, including calling up a top prospect and sidelining an All-Star.

Shortstop Bo Bichette has been placed on the 10-day injured list with a right calf strain, retroactive to June 15. He last played Friday against the Cleveland Guardians , as manager John Schneider held him out of the lineup for the next three games.

Toronto recalled infielder Orelvis Martinez from Triple-A Buffalo to take Bichette's place on the active 26-man roster. Martinez is the No. 2 prospect in the Blue Jays' farm system and the No. 68 prospect in baseball.

The 22-year-old will make his MLB debut against the Boston Red Sox on Tuesday.

The Blue Jays also optioned left-handed pitcher Brandon Eisert and recalled right-handed pitcher Bryan Burr from Triple-A.

ROSTER MOVES: 🔹 SS Bo Bichette placed on 10-day IL (right calf strain) 🔹 INF Orelvis Martinez recalled from Triple-A and will be active for tonight’s game 🔹 LHP Brandon Eisert optioned 🔹 RHP Ryan Burr recalled from Triple-A and will be active for tonight’s game pic.twitter.com/UTNLphTchh — Toronto Blue Jays (@BlueJays) June 18, 2024

Bichette is batting .237 with four home runs, 28 RBI, four stolen bases, a .629 OPS and a -0.1 WAR through 66 games. It is a career-worst year for the shortstop, who entered the season batting .299 with an .827 OPS.

Over the past three years, Bichette has made two All-Star appearances and placed top-16 in AL MVP voting all three times.

Bichette has been at the center of trade talks all season, with the Blue Jays struggling to a 35-37 start.

Perhaps Martinez's arrival can bring some juice to a struggling lineup that is averaging just 3.5 runs per game in June. The infielder hit 28, 30 and 28 home runs with 87, 76 and 94 RBI in each of the past three minor league seasons.

Martinez is batting .260 with 16 home runs, 46 RBI and an .867 OPS through 63 Triple-A contests in 2024.

Isiah Kiner-Falefa is starting at shortstop in Bichette's place Tuesday night, while Spencer Horwitz is starting at second and Ernie Clement is starting at third. Martinez will be available off the bench.

First pitch from the Rogers Centre is scheduled for 7:07 p.m. ET.

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Continue to follow our Fastball on FanNation coverage on social media by liking us on  Facebook  and by following us on Twitter  @FastballFN .

You can also follow Sam Connon on Twitter  @SamConnon .

Sam Connon is a Staff Writer for Fastball on the Sports Illustrated/FanNation networks. He previously covered UCLA Athletics for Sports Illustrated/FanNation's All Bruins, 247Sports' Bruin Report Online, Rivals' Bruin Blitz, the Bleav Podcast Network and the Daily Bruin, with his work as a sports columnist receiving awards from the College Media Association and Society of Professional Journalists. Connon also wrote for Sports Illustrated/FanNation's New England Patriots site, Patriots Country, and he was on the Patriots and Boston Red Sox beats at Prime Time Sports Talk.

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What You Need to Know About Assignment Sales

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What is an assignment sale? We get this question quite often from both investors and end-users when it comes to the Toronto condo market, especially with the dramatic rise in condo buildings and pre-construction sales. Assignment sales can be a great opportunity for everyone involved, from the seller to the buyer. But working with a seasoned real estate broker is one of the most important things you can do. An assignment sale isn’t a typical transaction and there are many things you need to know before moving forward.

What Does an Assignment Sale Mean?

An assignment is a sales transaction where the original buyer of a property (the “assignor”) allows another buyer (the “assignee”) to take over the buyer’s rights and obligations of the Agreement of Purchase and Sale, before the original buyer closes on the property (that is, where they take possession of the property). The assignee is the one who ultimately completes the deal with the seller. In other words, an assignment clause allows the buyer of a home to sell the place before they take possession of it. Although an assignment sale is possible for both home and condos, it’s much more popular among condo pre-construction buyers.

Why Would Someone Want to Sell Their Condo on Assignment?

With pre-construction condo purchases, the sale of suites typically takes place several years before the building is built. It’s a long time in between buying the suite and actually taking occupancy of it. And with this lag time comes life changes – a new job outside of the city or in a different province, a new family that’s expanding with children, etc. What worked for a particular buyer years ago may not be the current case at closing time.

Financial reasons is also another reason to sell on assignment. Perhaps the purchaser can no longer be able to close on the condo, or perhaps it’s an investor who bought pre-construction with no intention of closing on them, therefore using an assignment sale strategy to profit, based on quick appreciation in the area.

Often with pre-construction sales, there’s a long lag between when the original contract is entered into, when the Buyer can move in (the interim occupancy period) and the final closing. It’s not uncommon for a Buyer’s circumstances to change during that time…new job out of the city, new husband or wife, new set of twins, etc. What worked for a Buyer’s lifestyle 4 years ago doesn’t always work come closing time.

How Do Assignment Sales Work?

We completed an assignment sale for a client at 87 Peter Street which was a new building that has occupied, but not registered yet. Our client purchased a 1-bedroom, 1-bathroom condo pre-construction for $320,000.00. He was looking to sell the unit on assignment and listed it at $525,000.00. We received an offer of $500,000 which the seller was comfortable accepting.

Typically, when assignment sales takes place, the seller is looking for a buyer who can provide him with a purchase deposit that equals what he had to put down – usually 20% of the original purchase price. After providing the seller with this sum, the deposit paid to the builder now becomes the new purchasers deposit. Any upside to the seller can be paid based on the negotiated terms – sometimes when the seller gets a mortgage for the condo, or even earlier – it’s all based on terms of the assignment deal.

Overall, assignments sales are not to be overlooked – there can be some fantastic opportunities to get into a highly desirable building that you may have missed out on or purchase a condo that you may otherwise not have had access to. But the importance of working with a realtor and lawyer who know the ins and outs of these deals is the key to making them work for you.

If you’re interested in learning more about Assignment Sale and some of the great opportunities currently available, simply fill out the form below – we’ll get in touch right away.