Mike's top five

Tuesday the Finance Minister announced new rules to make it tougher for first time buyers to get into the housing market (details here). You'll have to prove you can afford to handle higher interest rates and you'll need more of a down-payment. Mike's top five other lesser known changes to rules for home ownership in Canada.
#5. All homeowners must now do a 5k in under 3 minutes.
#4. There is a new complicated procedure for calculating the value of your first born (and your left nut).
#3. You'll have to line-up at the bank infront of a guy in a soup apron, who will decide if you get a "house for you" or "no house for you" [ala Soup Nazi].
#2. They're going to be dropping the 'Push Pull or Drag' deal of waving your down payment if you push, pull or drag in your old home.
#1. Buyers must agree to being submerged in a maelstrom of insurmountable debt for the rest of their natural lives [dramatic read].

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