Gabrielle B. and her partner are a young couple seeking to buy their first property in Campbell River, B.C. They were hoping to qualify to buy the condo they were renting. She is a teacher making about $50,000 per year and her partner is finishing schooling to become a teacher. She is looking to qualify on her own, but she can’t qualify for the $180,000 condo they want because of the new benchmark rate and increased mortgage default insurance, even though the mortgage payment, strata and taxes would be less than current rent. Gabrielle has great credit, will be getting raises each year with a partner who will also be a teacher in the next few years. She would have qualified under the former mortgage rules.