The Globe and Mail reports in its Thursday, Oct. 22, edition that in Canada's real estate sector National Bank's Matt Kornack and Giuliano Thornhill think 2026 has "thrown a bit of everything at us" with conditions notably deteriorating heading into third quarter earnings season. The Globe's David Leeder writes that Mr. Kornack and Mr. Thornhill say the macro environment has been more challenging of late with energy shocks translating into higher inflation/rising bond yields. The National Bank stockpickers have reaffirmed their "sector perform" call on Dream Office REIT. They gave their unit target a $3 trim to $17.50. Analysts on average target the units at $21.28. Mr. Kornack and Mr. Thornhill say in a note: "Office names have been under pressure given the rising rate environment and an outlook that looks less constructive for employment growth in professions using office space. While there were tailwinds from Dream on leasing, it took a step back late in Q3 with its second largest tenant entering bankruptcy protection -- it retains its spot as the top office total return given growing concerns over Allied's capital allocation, distribution and leverage positioning."