Ownright logo

Get a quote

  • Pricing

  • Partners

Login

Get a quote

Jump to

Real estate law

arrow

Buying real estate

arrow

Selling real estate

arrow

Home finance

arrow

Moving

arrow
    Two hands pass a pink baton in a relay-style handoff in front of a yellow house on a purple walkway, a visual stand-in for an assignment sale, where the original buyer hands off their purchase rights to a new buyer.

    Selling real estate

    What is an assignment sale? Definition and how it works in Ontario

    Assignment sales aren’t widely understood and can often be confusing for those venturing into them. That’s why we put together this comprehensive guide on assignment sales in Ontario! If you find yourself reading this, it's likely you're seeking a deeper understanding of what assignment sales are, their significance, and how they can impact both buyers and sellers. In this blog, we aim to answer all your questions about assignment sales and their nuances. 

    Author profile picture

    Joel Fox

    Co-founder and COO

    Illustration representing Canada's anti-flipping tax, which taxes homes sold within 365 days as business income.

    Buying real estate

    Navigating the waters of Canada's anti-flipping tax: What you need to know

    Welcome to our deep dive into one of the hottest topics in Canadian real estate: the anti-flipping tax. As housing markets across the country continue to evolve, the federal government introduced this tax measure in the 2022 budget and it came into effect as of January 1, 2023. The aim of the tax is to cool down speculative real estate transactions in order to help address ongoing housing affordability concerns. Whether you're a seasoned investor or considering your first property venture, understanding the ins and outs of this tax is crucial. Let’s unpack what it means for you.

    Author profile picture

    Joel Fox

    Co-founder and COO

    Illustration representing the SC Escape Clause in a real estate agreement, a contingency tied to the seller's concessions.

    Selling real estate

    Understanding the SC escape clause in real estate transactions

    Navigating the world of real estate transactions can feel like deciphering an ancient script. The process isn't entirely straightforward and there are a ton of clauses and terms that can be long-winded and unclear. Among the many clauses and terms, the Seller's Concession (SC) Escape Clause stands out as a noteworthy mention. As both a buyer and a seller, it’s an important clause to understand, so we break it down in this blog.

    Author profile picture

    Joel Fox

    Co-founder and COO

    Illustration of an Ontario condo status certificate, the disclosure package covering a condo corporation's finances, rules, and reserve fund.

    Buying real estate

    Everything you need to know about status certificates in Ontario

    Whether you’re thinking about entering the condo market in Ontario as a buyer or seller, there’s one document you can’t overlook; the status certificate. This document is like the biography of a condominium corporation, telling you everything from its financial health to the rules residents need to follow. Understanding status certificates is crucial, whether you're eyeing your dream condo or preparing to list your unit. Let's break down what you need to know.

    Author profile picture

    Camille Archer

    Manager, client success operations

    Illustration for a guide to why you shouldn't close a property purchase and sale on the same day in Ontario.

    Buying real estate

    Why you shouldn't do same day property closings

    The idea of closing on your property sale and immediately purchasing a new home on the same day can seem like a streamlined, efficient approach. At first glance, it sounds like a seamless transition from one home to another without the hassle of temporary housing and/or bridge financing. The problem is, this strategy is filled with complexities, risks, and unexpected challenges that can turn what seems like a convenient solution into a stressful experience. 

    Author profile picture

    Joel Fox

    Co-founder and COO

    Illustration for a guide to selling your home privately (for sale by owner) in Ontario, from pricing to closing.

    Selling real estate

    How to sell your home privately in Ontario

    Thinking about selling your home privately in Ontario? This guide's here to walk you through everything you need to know to sell your home privately, making sure you're ready to tackle the task with confidence. But, full disclosure, we do highly recommend you engage a professional (aka. a real estate agent) as they bring a ton of great experience and perspective that can save you money in the long run. 

    Author profile picture

    Joel Fox

    Co-founder and COO

Previous

Next

Ownright

Real estate law has never been easier

Join thousands of Canadians using Ownright to simplify their property transactions.

Get a quote

Ownright logo

We're on a mission to make real estate transactions simple.

+1 647 492 9515

[email protected]

InstagramXLinkedIn

Our company

  • About us

  • Contact us

  • Announcements

Resources

  • FAQs

  • Blog

  • Pricing

Become a partner

  • Our partner program

  • Partner login

  • Realty Check

  • Developer platform

Additional resources

Read the most popular posts from our blog.

  • What should a homeowner do to protect their home?

  • Title insurance: What you need to know

  • Property insurance: What you should know

  • 4 things to consider before you buy a condo

  • Condo vs. House: What you should know

  • 7 reasons why you need a real estate lawyer

We have a few calculators and resources that may be helpful to you.

  • Ontario land transfer tax calculator

        We service all of Ontario with more provinces to come soon.

        • Brampton

        • Barrie

        • Ottawa

        • Oakville

        • Burlington

        • Richmond Hill

        • Mississauga

        • Toronto

        • Hamilton

        • Windsor

        • Muskoka

        • Gravenhurst

        • Parry Sound

        • Stayner

        • Bradford

        • Pembroke

        • Whitby

        • Orillia

        • Niagara Falls

        • Kanata

        • Innisfil

        • Huntsville

        • Ajax

        • Brockville

        • Aurora

        • Woodstock

        • Bowmanville

        • Sault Ste. Marie

        • Sarnia

        • North Bay

        • Belleville

        • Sudbury

        • Timmins

        • Peterborough

        • St. Catharines

        • Orangeville

        • Etobicoke

        • Guelph

        • Kingston

        • Cambridge

        • Oshawa

        • Markham

        • Newmarket

        • Waterloo

        • Scarborough

        • London

        • Kitchener

        • Milton

        • Pickering

        • Vaughan

        • North York

        • Thunder Bay

        • Brantford

        • Collingwood

        We work with some of the best real estate agents, mortgage agents, and individuals in the real estate industry.

        • Nate Dela Paz

        • Blake and Jill

        • Cailey Heaps

        • Connor Arnold

        • Jenna Graham

        • Jerome Werniuk

        • Tara-Lee Harvard

        • Pina Visconti

        • June Marino

        • Terrence Wong

        • Shay Asnani

        • Heather Hawks

        • Sandra Mifsud

        • Mandi Shields

        • Rahim Jaffer

        • Johnny Wu

        • Lori Hume

        • Abhisek Chatterjee

        • Eric Eaton

        • Stephanie Newlands

        • Suzan Merhi

        • Rebecca Ness

        • Sarfraz Juma

        • Adnan Mian

        • Ben Amir

        • Diana Jestratijevic

        • Macallum Tepsich

        We work with some of the best real estate brokerages, mortgage brokerages, and prop tech companies.

        • The Wright Team

        • The Nook Realty

        • Pine

        • Parkside Group

        • Hyyve

        • Right at Home

        • Property.ca

        • Condos.ca

        • myAbode

        • Heaps Estrin

        • The Mortgage Map

        • Perch

        • Keypr

        • Buy.ca

        The content provided on our site is for information only; it is not meant to be relied on as legal advice or used in lieu of advice from a professional. Ownright is an authorized participant of the Law Society of Ontario's Access to Innovation program.

        Canadian flag

        Proudly Canadian

        Brand assets

        •

        Legal documents

        •

        Privacy policy

        •

        ©2026