Gwen D. lives in Cambridge, Ont. She currently qualifies to purchase a home for $300,000 with five per cent down.  She wants to buy a new construction, but it won’t be possible at this purchase price. Previously she would have been able to purchase at $360,000 based on 2.69 per cent with a 25-year amortization, or $400,000 at 2.69 per cent with a 30-year amortization. The difference in the monthly mortgage payment between 25 year and 30 year amortization is $29.34 (very minimal). Her current rent is $1,450. Now facing a smaller purchasing power, Gwen has been forced out the market to find her perfect home.