A transfer of the property was not registered as of last week. There is often a significant time between when an agreement is reached between purchaser and seller, and the time of registration at the Land Titles office. Often, the reason for this delay is that the purchaser will be approaching the City to get a rezoning, and the final purchase price may be contingent on what is finally approved. That is, an increase in the approved number of units or floor area will result in an increase in the purchase price paid.
As Mike in TO says, Cresford will be developing the site. There is a brief "Coming Soon" mention in their ad in the current Condo Guide.