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VisitCanada 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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Markets
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Official property records or announcements from the Canadian government
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Official announcements from the House committee or Global Affairs Canada
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Official announcements from Global Affairs Canada
Retained as official residence • 25%
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Sale of the penthouse recommended • 25%
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Official reports or announcements from the House committee
No significant issues found • 25%
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Official audit reports or announcements from Global Affairs Canada