The Canada Lands Company did not have the right to sell the Dominion Public Building in Toronto.

Laws that should have prevented the sale of Dominion Public Building.
1.)   Designation as a Classified Federal Heritage Building - 1983.
2.)  The Dominion Public Building is protected by Part V of the Ontario Heritage Act as part of the Union Station Heritage Conservation District - 2006.
3.)  One Front Street West is protected by Part 1V, Section 29 of the Ontario Heritage Act - May 10, 2017. The Prison Chapel at 20 Strachan Avenue in Toronto was saved by the City of Toronto Mayor and Councillors, because of Part 1V, Section 29 of the Ontario Heritage Act; and the chapel is part of the Liberty Village Park.

 Reasons why the Union Station Heritage Conservation District was created:
"Union Station occupies a central position in Toronto's urban landscape. Located between the Financial District, Entertainment District, the St. Lawrence Neighbourhood and post-industrial waterfront, the Union Station District is a significant cultural landscape..." "Several other grand projects were planned in conjunction with Union Station...these included the Royal York Hotel (1929) and the Dominion Public Building (1935), both associated with rail activities; one was the flagship hotel of the Canadian Pacific Railway's hospitality developers, and the other was a federal customs house and administration building." (From: Union Station District Plan, May 2006).

Larco, the new owner of the Dominion Public Building, Toronto, is obsessed with Revenue Canada properties. Larco owns the following CRA holdings:
1.)  Dominion Public Building, One Front Street, Toronto.
2.)  Harry Hays Building - Calgary, Alberta
3.)  Canada Place - Edmonton. Alberta
4.)  Canada Revenue Agency - Montreal.
I would not be surprised if the Canada Lands Company sells the Connaught Building to Larco. The Connaught Building is the Headquarters for Revenue Canada, and is located 3 minutes away from the Larco-owned Chateau Laurier Hotel in Ottawa.

The Canada Revenue Agency Headquarters (Connaught Building) as seen from a Chateau Laurier Hotel room window. Larco owns the hotel and 4 Canada Revenue Agency properties.

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It is a miracle that Union Station in Toronto was not demolished during the early 1970's, along with Montreal's Windsor Station; Ottawa's Conference Centre and the Summerhill North Toronto Station, now a Liquor Control Board of Ontario store.

The Canada Lands Company backed away from redeveloping a Corrections Canada building at 440 King Street West, Kingston (photograph below.):
Navigating the Disposal Process - Strategic Disposal - Ontario Regional Headquarters-Kingston
Outcome

• Vacant since September 2012.
• Heritage by-laws & public purpose did not leave any room for Canada Lands Company to add value.
• Intended public purpose - disposal to Queen's University in partnership with Parks Canada and the City of Kingston.

St. Helen's, Ontario Regional Headquarters, 440 King Street W. Kingston. (Photo from flickr.com).

St. Helen's and Stone Gables were Corrections Canada Crown assets that were worth $17 million dollars, according to Page 208 of the document "A Roadmap to Strengthening Public Safety" by Rob Sampson.

Larco Investment plans for the Dominion Public Building, sold in 2017  by Canada Lands Company. More than 1,000 federal government employees will be evicted from the premises, mainly Revenue Canada staff. The landmark should still be owned by the People of Canada.