Oliver and Jan B. became permanent residents to Canada five years ago. Both husband and wife work full time, with their only unsecured debt being a car payment. Their combined annual income is $66,000 and they have savings for a five per cent down payment. Prior to October 2016, they would have qualified for a purchase price of $310,000, but under the new rules, they qualify for a purchase price of $255,000. The couple currently rent an apartment for $1,600 per month in Edmonton.  They would have paid approximately the same for their mortgage and property taxes. At this time, they’re looking at a half-duplex, which is not exorbitant. There’s very few options in their price range, and if they choose a condo, then they are looking at additional condo fees compared to a half-duplex.