Yes, that's correct.
They are putting the project in neutral for the time being. They are proceeding with getting things in order to begin officially selling units, but they aren't in a rush. They don't have the necessary approvals from the City yet to actually sell any units. They are not in hurry to launch the sales centre due to the current RE market and the fact that the property as-is is leased which means they are not in a hurry from a cash flow perspective.
We will see a lot of this this year. Projects not necessarily being canceled, but just delayed by up to a year or more.