chore: Update dbt dependencies version ranges (#1223)

Resolves #

### Description

Bumps the dbt dependencies to include latest releases

### Checklist

- [ ] I have run this code in development and it appears to resolve the
stated issue
- [ ] This PR includes tests, or tests are not required/relevant for
this PR
- [ ] I have updated the `CHANGELOG.md` and added information about my
change to the "dbt-databricks next" section.

Author: zqureshi

CHANGELOG.md

@@ -7,6 +7,10 @@
 - Fix snapshots not applying databricks_tags config ([1192](https://github.com/databricks/dbt-databricks/pull/1192))
 - Fix to respect varchar and char when using describe extended as json ([1220](https://github.com/databricks/dbt-databricks/pull/1220))
 
+### Under the hood
+
+- Update dependency versions ([1223](https://github.com/databricks/dbt-databricks/pull/1223))
+
 ## dbt-databricks 1.10.12 (September 8, 2025)
 
 ### Under the hood

pyproject.toml

@@ -24,9 +24,9 @@ classifiers = [
 dependencies = [
     "databricks-sdk>=0.41, <0.64.0",
     "databricks-sql-connector[pyarrow]>=4.0.0, <4.0.6",
-    "dbt-adapters>=1.16.0, <1.16.7",
-    "dbt-common>=1.24.0, <1.30.0",
-    "dbt-core>=1.10.1, <1.10.12",
+    "dbt-adapters>=1.16.0, <1.17.3",
+    "dbt-common>=1.24.0, <1.33.0",
+    "dbt-core>=1.10.1, <1.10.13",
     "dbt-spark>=1.9.0, <1.9.4",
     "keyring>=23.13.0",
     "pydantic>=1.10.0",