Sandra W. is a 57-year-old single woman earning $33,000 a year in Nanaimo. She can only afford a condo between $110,000 and $170,000 based on the 4.64 per cent qualification rate and five per cent down. Strata fees vary – anywhere from $130 to $300 a month. This also takes into account any vehicle loans, student debts and credit card debt that she might have. There are few condos in this price range available and it has caused a real estate marketing frenzy. There is nothing for Sandra to buy in the market as she closes in on retirement. The mortgage rule changes have basically taken her out of the market.