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The whole rent and invest the difference was debated to death a long time ago. In the end, your home is your home. It is something you can raise a family in - life's most important source of happiness. It is so much more than what ROI on your investment statement says. And you do not worry about renewing your lease nor do you worry about ridiculous rent increases.
If might take some time for the market to fully digest this tax but to renters and local Canadians this is great news.
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