Canada's former consul general residence in New York sees $2 million price drop

The former residence of Canada's consul general in New York has had its asking price reduced by over $2 million. The 12-room Park Avenue apartment, initially listed in August 2024 for over $13 million, is now on the market for $7.9 million. This follows the government's purchase of a new, more modern residence for the consul general. The sale of the old residence is intended to recoup costs, though the government's decision to purchase a new, expensive property has faced criticism for being lavish amidst economic challenges for Canadians.