Weber Yards (1333 Weber St E) (nee Elevate Condos) | 15, 15, 12 & 12 fl | U/C

[taylortbb]

The units were sold for much lower than the cost to build. Whoever buys it will cancel the purchase agreements and do rental

Why would they have done that? Because they had no idea what construction actually costs?

I'm sure some of it was failing to properly project all their costs, but they'd have margin for that. My guess is what pushed them over the edge was inflation, they likely failed to get costs locked in with suppliers before selling.