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Canadian government to sell $9M Manhattan penthouse by June 30, 2025?
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Resolution / Starting Odds
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Official property records or announcements from the Canadian government
Story
Canada Faces Scrutiny Over $9M NYC Condo for Consul General Tom Clark, Four Times Renovation Cost
Aug 20, 2024, 11:31 AM
Canada's Global Affairs department has come under scrutiny for purchasing a $9 million luxury penthouse in Manhattan for the Canadian Consul General, Tom Clark. This purchase, located on 'Billionaire’s Row,' was four times more expensive than renovating the previous residence used by Clark's predecessors, which was estimated to cost $2.6 million. The decision has sparked public and parliamentary interest, leading to a scheduled investigation by a House committee. Documents reveal that Global Affairs Canada has increased its foreign real estate holdings by 25% since 2017, with auditors criticizing the department for poor management. Senior civil servants are expected to brief committee members on the details of the condo deal.
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Private individual • 25%
Real estate investment firm • 25%
Foreign investor • 25%
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No action taken • 25%
Purchase deemed appropriate • 25%
Purchase deemed inappropriate • 25%
Further investigation recommended • 25%
Seized by authorities • 25%
Returned to original owner • 25%
Sold to repay funds • 25%
Remains with Andrew Do's daughter • 25%
No wrongdoing found • 25%
Minor violations found • 25%
Major violations found • 25%
Criminal charges recommended • 25%