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Information Collection under the Condo and Strata Assignment Integrity Register (CSAIR)

Last updated on August 3, 2021

Developers are responsible for collecting and reporting information about assignments of condos and other strata lots in the Condo and Strata Assignment Integrity Register (CSAIR).

The guide below outlines the type of information developers may need to provide under the Real Estate Development Marketing Act and Regulation.

On this page:

Required information

The developer must collect and report in CSAIR the following information about assignments of condos and other strata lots:

  • Identity and contact information of all parties to the assignment
  • Details about the terms of the assignment agreement and amounts paid for the assignment

Identity and contact information

The required information is listed below, organized by whether the party to the assignment is an individual, a corporation, a partner acting on behalf of a partnership or a trustee acting on behalf of a trust. Information is needed on both the assignor and assignee.

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Information about individuals

For each individual identified as a proposed party to the assignment:

  • Full legal name
  • Date of birth
  • Citizenship information. For individuals who are not Canadian citizens or permanent residents of Canada as defined in the Immigration and Refugee Protection Act, the foreign country or state of citizenship
  • Tax identifiers: Social Insurance Number (SIN) or Individual Tax Number (ITN)
  • Residency status for federal income tax purposes
  • The postal address, and
  • The principal residence address of the individual. If the postal address and the principal residence address are the same, provide it only once
  • Phone number
  • Email address, if applicable
 

Information about corporations

If the proposed party to an assignment is a corporation:

  • The legal corporation name
  • The 9-digit business number (BN) assigned by the Canada Revenue Agency (CRA)
  • The head office address
  • Information about an individual who can be contacted on behalf the corporation to answer questions about the assignment agreement. The information about the individual includes:
    • Name
    • Postal Address
    • Phone number
    • Email address, if applicable
 

Information about trustees acting on behalf of a trust

When an assignment involves trustees acting on behalf of a trust, the information on the trust and additional information on each of the trustees needs to be collected and disclosed.

Information about the trust:

  • Name of the trust, if any
  • Heading of the trust instrument, if any
  • The 8-digit trust account number assigned by the Canada Revenue Agency (CRA), if any
  • Residency of the trust for federal income tax purposes

If the trustee is an individual:

  • Name
  • Postal address
  • Principal residence address
  • Phone number
  • Email address, if applicable

If the trustee is a corporation:

  • The legal corporation name
  • The head office address of the corporation
  • Phone number
  • Email address, if applicable
 

Information about partners acting on behalf of a partnership

When an assignment involves partners acting on behalf of a partnership, information on the partnership needs to be collected and disclosed.

Information about the partnership:

If the partnership does not have a partnership account number, additional information on each of the partners OR information on an individual who can be contacted on behalf the partnership needs to be provided:  

Partner information:

Contact representative:

  • Name of the individual
  • Postal address, as applicable
  • Principal residence address or Head Office address, as applicable
  • Phone number
  • Email address, if applicable

Assignment agreement information

  • Date of the purchase agreement
  • The unit number, the strata lot number and the parcel identifier (PID) of the strata lot need to be reported, if ascertainable
  • Date of developer’s consent date to the assignment agreement
  • Effective date of the assignment, if it can be determined, and if different from the developer’s consent date
  • Assignment fee paid to the developer for the consent
  • Purchase price of the strata lot. The purchase price includes any amendments to the purchase agreement or subsequent assignments, including any upgrades or prior “lifts” (the increase in value of the strata lot assigned)
  • Assignment amount. This is the amount payable to the assignor for the assignment and it is commonly referred to as a “lift”
  • Reimbursement of the deposit paid. This is the amount payable to the assignor for the deposit paid to the deposit trustee

Example of an assignment

The following example shows the breakdown of information reported in CSAIR when the right to purchase a pre-sale strata lot is assigned prior to the building being completed or registered at the land title office.

Original purchase agreement (September 2018)

Purchaser A and the Developer enter in a contract of purchase and sale for $500,000. Purchaser A makes a deposit to the deposit trustee for $100,000.

After the purchase, Purchaser A and the Developer agree on upgrades for an additional $25,000.

Assignment #1 (October 2018)

Purchaser A (the assignor) assigns the contract to Purchaser B (assignee #1) for $575,000. The Developer collects and reports the following:

  • Purchase price paid by Purchaser B = $575,000
  • Assignment amount = $50,000 (the “lift”)
  • Reimbursement of deposit payable to the deposit trustee = $100,000

Note: the purchase price ($575,000) includes the original price ($500,000), the lift ($50,000) and the cost of upgrades ($25,000). The upgrade amounts are part of the purchase price and need to be reported in the purchase price field at the time the purchase contract is assigned.

After the assignment effective date, Purchaser B and the Developer agree on further upgrades for additional $30,000 payable by Purchaser B.

Assignment #2 (December 2018)

Purchaser B (the assignor) assigns the contract to Purchaser C (assignee #2) for $675,000. The Developer collects and reports the following:

  • Purchase price paid by Purchaser C = $675,000
  • Assignment amount = $70,000 (the “lift”)
  • Reimbursement of deposit payable to the deposit trustee = $100,000

Note: the purchase price ($675,000) includes the price from assignment #1 ($575,000), the lift ($70,000) and the cost of upgrades ($30,000).

Purchaser C registers the property with the Land Title Office upon building completion. Purchaser C pays property transfer tax on $675,000 if the assignment occurred in the open market. 

Assignment - An assignment is a transfer of some or all rights, obligations and benefits under a purchase agreement for a strata lot in a development property. It is a transfer made by the purchaser of the purchase agreement to another person or it is a subsequent transfer.

Assignor - An assignor is the person who transfers the purchase agreement to another person.

Assignee - An assignee is the person who acquires the purchase agreement from the assignor.

The assignor and the assignee can be an individual, a corporation, a trustee acting on behalf of a trust or a partner acting on behalf of a partnership.