[Automation Gallery]

Toronto condo projects teeter on collapse amid rising costs

When Cosmos launched in 2016, it was selling units for about $540 per square foot,according to Urbanation. More recent projects launched in Vaughan were able to fetch more than $700 per square foot, close to a 30-per-cent increase.
Construction costs have also been rising rapidly in the last 18 months, particularly among critical concrete-forming and window suppliers in the region, who are charging 30 to 50 per cent more than they were asking in 2016.

https://www.theglobeandmail.com/can...condo-cancelled-leaving-1100-buyers-in-limbo/

 

[someMidTowner]

Cosmos condo buyers want $100K and an explanation after project’s death: https://www.thestar.com/business/20...-cosmos-condos-a-real-estate-lawyer-says.html

 

[raptor]

As much as Liberty is "at fault" here, I'm sure the purchasers wouldn't cry foul if property prices fell sharply in the past few years.
In the end of the day, they gambled, as the agreement of purchase and sale had caveats to benefit the developer.
Buyer beware...