More economists and traders expect the Bank of Canada to hike interest rates next week after the central bank’s latest surveys showed inflation expectations rising.

After a four-month run of modestly positive progress on demand, supply, and prices, many of Canada’s housing markets took a step back in September.

Persistently high long-term bond yields are shaping up as the deciding variable for Canada’s commercial mortgage market, with a new report warning that capitalization rates may struggle to hold if borrowing costs stay elevated into 2027.