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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...

You missed the part about "People (Canadians and Foreigners) who have purchased houses in the last 12 months". The point is that is a very narrow segment that is negatively impacted; but potentially much larger group who could be positively impacted.

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