Michelle Collins of the Globe & Mail:

When 26-year-old Geoff Emery put money down on his first condominium, he started looking forward to moving out of his mother’s house. The move-in date of November 2005 rolled around only to find himself in November 2006 still living with his mom in Markham.

He spoke of how exciting it was to watch his condo being built but at the same time he tells of his frustration at seeing others move and he was making no progress. The condo boom left him in limbo.

Limbo: a place or state of imprisonment or confinement. (Dictionary.com)

Mr. Emery made an interesting observation when he finally moved in more than a year later than promised. "The only reason that I think I’m in here now is that I didn’t sit back and let things happen."