Only second-hand information. But this is interesting, since it is exactly this sort of thing that made me call the end of the last frenzy in Unionville. The frenzy went to condos.
On the surface, it just means that they priced it so high that it scared off any bidders. There is no great reason for the end of the lastest ridiculous frenzy, but it has to come one day. We'll see if that means anything.