What is a presale assignment?
An assignment is the sale of an existing presale contract to a new buyer before the building completes. The new buyer takes over the original contract's terms, deposits, and completion obligations.
Presale Assignment Sales in BC
Complete guide to buying a presale assignment contract in BC — pricing, deposits, GST, legal due diligence, and developer approval.
Frequently asked questions
Do I need developer consent to assign?
Yes. Most BC developers require written consent and charge a 1–3% assignment administration fee.
Does GST apply to assignment sales?
GST typically applies on the assignment margin (profit). The end-buyer also pays GST on the underlying new home at completion. Get accounting advice before signing.