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Monday, December 8, 2014

Desperate people do desperate things.... why now when World realestate markets are down?

Government defends foreign property ‘fire sale’

The federal government has sold an Oslo mansion for well below its original asking price of $20-million, fuelling new concern that the Conservatives are unloading diplomatic assets at fire-sale prices.

The sell-off of official residences is picking up steam – at least seven houses have been sold since June.

Canada’s official residence in the Norwegian capital sold for $12.5-million on Sept. 29 after two years on the market. Ottawa’s $20-million asking price was front-page news locally when the property first went on sale.

READ MORE: http://www.theglobeandmail.com/news/politics/government-defends-foreign-property-fire-sale/article21964864/?cmpid=rss1&click=sf_globe

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