I highly doubt they would have a credit problem if you realize who the builders are (they have a lot of estates and money). The only thing that would stop them from building is lack of sales. From what my agent told me, they seem to be around 70% sold. But there's still the second tower they haven't released yet.
I don't know. With every report I see that says a given tower is "70% sold," I get surer and surer that that's just a development-industry in-joke. Seventy-percent, nudge nudge snicker.
70% is a figure that was often tossed around as a target to move beyond the pre-construction sales stage - so it is something that sales staff might suggest here and there and a figure that many people tend to drop on this forum - as far as your "inside joke" suggestion I can assure you that there are plenty of reliable sales sources that provide accurate data.
According to the most recent issue of Condo Guide ... the ICE Condos presentation centre is 'finally' open at the southwest corner of York & Bremner ~