Jeffrey P. has a full time job and holds a second part-time job to make ends meet in Winnipeg. He’s in his 40s and went through credit counselling successfully after losing a job five to six years ago. He has a modest car loan and a credit card.  Before the mortgage changes, he was able to purchase a new home for $220,000, which can open up many options in Winnipeg. But now, he’s only pre-approved for a purchase price of $155,000.  This put him into a higher crime area in the city and into a home that is in need of major repairs and renovation. Meanwhile, the McClurgs, a father and daughter, are teaming up to buy a home in Winnipeg after being declined individually due to their incomes.  Both work full time however, but earn less than $40,000 per year.  They have a little debt and with the new qualifying rate, they have been knocked out of the market.  So they decided to team up.  They do fortunately have a 15 per cent down payment and can get a “B side” approval through an alternative lender.  However, their rate will be five per cent plus fees.