When can one sell preconstruction on assignment?
I bought a unit at Peter and Adelaide condo but I may move to the US for employment, the APS has the following condition: Assignment can only be approved after confirmation of 90% sales of all residential units from builder and the purchase is firm! However, there are several conditions for early termination including zoning approval, builder obtain financing in their own satisfaction. So does that mean that untill all these conditions of termination are satisfied, I cannot assign the units? The date set for these early termination conditions are quite late, with the latest conditions need to be satisfied by 2020! The 90% sales of units are quite likely already satisfied at this time.