I would have thought the rule was more, "54:40 or flight!" :-)
(if you get it, go to the head of the class)
Remember, though, that all I had was a 2009 Canadian registry, and there are probably a lot more now. However, I would also think that Canada would have a greater need for utility-type aircraft, and thus the pure-sport types might be a little less prevalent. Probably a higher percentage of Murphy Rebels and Mooses up there.
Ron Wanttaja