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Higher mortgage costs set to depress already 'bleak' housing market

The Bank of Canada's first rate hike in three years will boost borrowing costs, weighing on an already battered real estate market. Rates for variable mortgage holders and those with new fixed rate mortgages will see higher monthly payments as a result.

Higher mortgage costs set to depress already 'bleak' housing market

We haven't written up this one. CBC Business has the full story — the link below goes straight to it.

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