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Originally Posted by ranchlandsselling
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will impact Calgary more than others because in Calgary the only people working on staff are government workers and about 5 other random people. Everyone is on contract and pay themselves in the lowest tax bracket or just dividends. This will impact contractors that need a legit salary to put a down payment. Also every second person in this city is horny for real-estate (investment properties) so they leverage properties against eachother with the lowest downpayment they can get. Very rarely do these people put down %20. This city is filled with "real-estate moguls" making $60k to $80k/year and leveraged to the hilt. We'll see where that lands.