Canada

This is the best summary I could come up with:

The sluggish process for selling spare federal buildings is trying the patience of politicians and developers hoping to transform them into desperately needed housing in Ottawa.

"I don't know what the hold up is, but there's certainly an opportunity there and there'd be some willing participants, I'm sure," said real estate broker Michael Church, managing director of Avison Young Ottawa.

Neil Malhotra of Claridge Homes foresees a lot of developer interest, depending on the timing and conditions when the properties are finally made available.

Graeme Hussey, director of housing development for Centretown Citizens Ottawa Corporation and president of Cahdco, said the non-profit sector wants a piece of those properties too.

Another property on the disposal list, the Sir Charles Tupper Building near Mooney's Bay, is likewise on a prime location — and has a much more promising layout.

PSPC is responsible for about a quarter of the federal government's real estate holdings, with office space making up the overwhelming majority at about 6.2 million square meters.

The original article contains 1,199 words, the summary contains 163 words. Saved 86%. I'm a bot and I'm open source!