Only Freak Out With Less Than 20% Down

If you have less then 20% down, you are going to lose 20% of your purchasing power. 

This means the following:
If you wanted to live in Vancouver, you are now living in Burnaby.
If you wanted to live in Burnaby, you are now living in Coquitlam.
If you wanted to live in Coquitlam, you are now living in Langley.
If you wanted to live in Langley, you are now living in Abbotsford.
If you wanted to live in Abbotsford, you are now living in Chilliwack.  
and so on...

Overall, if you do not have 20% down, you are moving East.

You have till October 17th to have an offer on a property to bypass this.  

For everyone else with access to 20% down, we have lenders that will not be affected by these rule changes.