In the June edition of Toronto Life, in an article on 1BE ("A Whole Lot of Nothing" by Richard Poplak), UrbanToronto is quoted:
"Real Estate blogs are rife with scuttlebutt on the seeming complexity of the project's financing. "We're freaking here. What's going on?' wrote one person on the UrbanToronto forum....." There are a couple of more quotes after that.
The article goes on to state that June 15th is the crunch day; they can call it quits and give people their money back or else it can drag on for a long time. "The longer construction is delayed, the more difficult it becomes for buyers to recover their money."
An interesting article.