[MalcolmTucker]

All depends on how they are financing it. Usually to protect the core corporation from collaspe, each project is its own corporation. The the number of units to be sold needs to be equal to whatever the lendors requirements are for construction financing to kick in (even if this is the parents company).

Poorly structured development companies that try to self finance, or pay as you go tend to go belly up in slumps, a couple down in Calgary did.