Oh, lovely... More tightening of mortgage rules...

I stumbled across this article.

So, it appears that the Conservative Party of Canada and our lovely Finance minister is making it more difficult to get a mortgage to "protect the housing market".

What he's actually doing is enlarging the gap between the rich and the poor.

Now, the minimum term of amortization is 25 years, instead of 30 and you can only mortgage up to 80%, instead of 85%.  That means you need to have an even larger down payment as well as having a salary high enough to be able to afford the higher monthly payments.

How am I ever going to be able to buy my own home?!!