Published May 28, 2026, 8:30 a.m.

CUSMA Deadline Looms: What a Trade Deal Standoff Means for Vancouver Real Estate

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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) faces its first-ever joint review on July 1, with negotiations between Ottawa and Washington showing only faint signs of life after months of stalemate. Minister Dominic LeBlanc, responsible for Canada-U.S. trade, is planning a trip to Washington for talks, though no date has been confirmed. Over the past seven months, LeBlanc has held just one day of in-person negotiations with U.S. Trade Representative Jamieson Greer. Meanwhile, the U.S. and Mexico are holding bilateral talks this week with two more rounds scheduled for June and July, putting Canada in a noticeably slower position.

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