First, OFSI's measures are not arbitrary. They are just ensuring those who buy homes are not overextending themselves. This also will apply to HELOCs. Canadians are over their heads in debt, much of this debt is from lines of credit from people using their primary residence as leverage to renovate or speculate. Those who have bought homes as a primary residence to fund their retirement are not the problem. They have not caused this bubble. Yet many of them have used their property gains over the last few years to redo their home interiors, speculate and purchase luxury goods. (I'm not accusing you.) Historically mortgage rates fall around 5~6%. OSFI's measures will brace us for the inevitable end to the cheap money binge around the corner. Yes, some home buyers will be pushed out of the market.........as they should be. Skip the Starbucks, etc., live modestly like mommy and daddy did and come back when you have ponied up enough for a down payment.