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Okay, let me make the obvious clarification.

"This tax hurt Canadians in areas where the tax applies way more than it hurt foreign investors. The tax has no affect on Canadians, or foreigners in fact, where it didn't geographically apply. Similar to how London, Singapore, Hong Kong, etc. tax policy doesn't hurt Canadians if it doesn't apply to them."

Better? I didn't think that actually needed to be said but...

I am curious how you qualified the offer as "low-ball"

It was more than 15% below the market value from before the 15% tax was implemented.

and why you think the market will better next spring.

Foreign investors don't much care about a 15% price difference. Some do, but in general no. We had one buyer interested but his son wanted a house on the west side of Vancouver instead, so that's where they went to buy. That's at least 100% over the price we were listed at. In the spring the shock of the tax will be gone. Heck, by next summer the tax might be gone. There is an election in May after which point the tax has done it's job no matter who wins.

Plus I have the ability to wait. If not this spring, next. Or the one after that. I have four years before I lose the "principal residence" tax exemption according to my accountant.

Simon
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