Christal is single mother with two kids. She’s a dental technician with great credit and has been saving her down payment for three years. She makes $65,000 per year, has few student loans and minimal consumer debt. With the new qualifying rate, she can only purchase a property for $260,000. Prior to the change Christal, qualified for $300,000. She does not want condo fees, so a condo and townhouse are not an option. At $300,000, she could have purchased a duplex in the Edmonton area. But now there is nothing for her to buy, and she will have to continue renting an apartment.