{
  "id": 16969572,
  "title": "Higher mortgage costs set to depress already 'bleak' housing market",
  "url": "https://urgent.news/2026/10/28/higher-mortgage-costs-set-to-depress-already-bleak-housing-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T21:52:31.000Z",
  "source": {
    "name": "CBC Business",
    "slug": "cbc-business",
    "url": "https://www.cbc.ca/news/business/bank-of-canada-hike-mortgage-housing-market-9.7400127"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}