The Globe and Mail reports in its Tuesday edition that buyers of units in The One, a luxury condo project in Toronto that is years behind schedule, cannot walk away with their deposits even though project developer Sam Mizrahi was forced into a court-appointed receivership owing to cost overruns and debt defaults. The Globe's Rachelle Younglai and Tim Kiladze write that while receiver Alvarez & Marsal Canada took control of the purse strings last Thursday, Mr. Mizrahi is still the developer of the project. That means unit owners cannot get their money back. They are only entitled to deposit refunds if Mizrahi Developments does not complete the downtown Toronto skyscraper by January, 2028. Condo unit deposits are so protected that even a developer's bankruptcy may not be grounds for getting the money back. The One remains jointly owned by Mr. Mizrahi and road-paving magnate Jenny Coco. Buyers are in limbo. The One, which was originally designed to be 85 storeys high with condo units, a hotel and an Apple store on the ground floor, defaulted on multiple payments to its lenders. In early 2022, Apple sued Mr. Mizrahi because of the project's delays. Apple was supposed to be the retailer in The One's ground floor.