Justin currently lives in Markham with his family and they had purchased a condo for him to “strike out” on his own. This is a way to allow kids to leave the nest and gain some independence. Unfortunately, the down payment that was saved is no longer enough because of these new rules, and he no longer qualifies. Justin’s parents now have to look at selling some of their retirement savings and pay extra taxes, while he will have to use all the emergency money he had saved so that they can put additional money down on the property to help him qualify. Justin’s parents will be forced to work longer past retirement, while he’ll have a few stressful years trying to rebuild his emergency fund.