Leah Zlatkin, expert at lowestrates.ca and a licensed mortgage broker says “Most condos or most preconstruction properties are not assignable so it’ll say right in your contract that you can’t assign this property”
Zlatkin adds “This being said, realtors will negotiate on their behalf and they will have an assignment clausee which is great fallback option. If you don’t have cash set aside your kind of in a peculiar situation.”
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