Robert McLister·General·January 5, 2008Mortgage Bytes CBC says Vancouver home prices may pop another 9% in 2008–to which we say: how high is the sky, and will it be the limit?? CAAMP says federal and provincial governments are hurting housing affordability by not indexing these three programs: The GST new homes rebate RRSP Home Buyers’ Plan Land transfer tax rebates These plans were all designed to make home ownership attainable. Yet, they all use tax break thresholds from the 1990’s. Product Tip: FirstLine’s popular Matrix mortgage now offers a 40-year amortization. It can also now be used with rental properties (assuming you can prove your income). The U.S. Mortgage Bankers Association estimates that 1.35 million homes entered foreclosure in 2007. A record 1.44 million are expected to do so in 2008. Street Capital is expanding to BC and Alberta. The upstart lender says it’s “had an exceptional response from brokers in the Ontario market” so far. Pressures “have eased” in Canada’s money market according to the Bank of Canada. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.