Canada's Economic Data and Housing Market Impact Rate Hike Decision

• Two key economic data releases on Monday could determine the Bank of Canada's interest-rate hike decision.
• The Canadian Real Estate Association revised down its 2026 home sales forecast due to potential rate hikes and increasing fixed-rate mortgages.
• September saw a 7.7% drop in home sales compared to the same month last year.
• The potential for rate hikes by the Bank of Canada is affecting prospective home buyers.
• The housing market's decline is attributed to the potential for rate hikes and rising fixed-rate mortgages.