Published May 28, 2026, 8:32 a.m.

CUSMA Countdown: Why Vancouver Real Estate Buyers Are Watching the July 1 Trade Deadline

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Image 4: The Canadian and U.S. flags are waving on flagpoles side-by-side with a blue sky backdrop — It's crunch time for Canada's trade deal with the U.S. and Mexico

The Canada-U.S.-Mexico Agreement (CUSMA) approaches its first-ever joint review on July 1, 2026, with Canada and the United States still not engaged in formal negotiations despite the milestone looming in just over one month. According to CBC News reporting, Minister of Canada-U.S. Trade Dominic LeBlanc has held only one day of in-person talks with U.S. Trade Representative Jamieson Greer over the past seven months. The U.S. is currently demanding an "entry fee" of concessions—including an end to provincial boycotts of American alcohol and scrapping the federal Online Streaming Act—before agreeing to substantive negotiations, while the Trump administration insists tariffs will remain regardless of the trade deal's fate.

It's crunch time for Canada's trade deal with the U.S. and Mexico