Assignment of contract in Alberta transfers your equitable interest in a purchase agreement to another buyer before closing. The assignee steps into your position, pays the agreed price, and you receive an assignment fee — all parties must be disclosed and the original contract must permit assignment.
What are Alberta assignment best practices?
Use clear assignment addenda, confirm seller consent if required, and never market a property you do not have under contract.
Assignment vs double close
Assignment is faster and cheaper when your buyer list is strong. Double closing protects margin when the end buyer cannot see your original contract price.