Sara K. lives in Toronto and may be in one of the more difficult situations since the mortgage rules changed last fall. She was pre-approved in June for a new construction that was not yet registered. Sara went ahead and put down $18,000 as a purchase deposit.  In August, she took occupancy and paid the builder $1,675 a month in an occupancy fee. Now the home is set to register and the client no longer qualifies for the mortgage at five per cent down.  The property is closing at the end of March and she is now scrambling for $30,000 to close.  If she can’t come up with the money, she will be in breach of contract and lose her deposit.  She is a first time homebuyer and this was all of her savings.