- Oct 21, 2013
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I bought a studio unit in 2010 when I was planning to live in downtown Toronto. But now I moved out of Toronto and I really need to sell it. Does anybody know when/how I can advertise my unit?
Aaos you need to look at your purchase agreement and it should stipulate if and how you can sell your units. It likely has to be under assignment since the building isn't registered yet, and depending on your agreement there may be a fee associated to the assignment. I know my agreement for another building stipulates 95% of the units must be sold, I must ask the developer if I can sell under the assignment, and I must pay a given fee and some legal costs.
So look into the assignment of your contract, if not have your lawyer do it.