Higher mortgage costs set to depress already ‘bleak’ housing market

<img src='https://i.cbc.ca/ais/229b304b-7265-4166-9076-169147182461,1793211726274/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C450%2C8640%2C4860%29%3B' alt='A person in a dark suit, tie, and glasses speaks in front of a blue background with a microphone and a red lapel pin.' width='620' height='349' title='Bank of Canada Governor Tiff Macklem responds to a question during a news conference in Ottawa, Wednesday, Oct. 28, 2026. THE CANADIAN PRESS/Adrian Wyld'/><p></p>