As the July 1, 2026, CUSMA review deadline looms, Donald Trump’s declaration that he does not intend to renew the trade agreement has sent shockwaves through Canada’s economic landscape. For GTA buyers and sellers, this represents a significant ‘dark cloud’—a phrase used by BMO’s Doug Porter—that is keeping many on the sidelines. The Bank of Canada, citing this trade uncertainty, held its policy rate at 2.25% for the fifth consecutive time, with experts suggesting we shouldn’t expect movement before 2027. While home prices have dipped approximately 10% and interest rates have softened, the potential trade volatility creates a wait-and-see environment. Sherry Cooper of Dominion Lending Centres notes that even a positive trade outcome may not immediately clear the supply glut currently plaguing Toronto’s condo sector. For a deeper dive into how this geopolitical tension could reshape your real estate strategy, read the full analysis at the original source: https://www.mpamag.com/ca/news/general/what-trumps-cusma-threat-could-mean-for-canadas-housing-market/578726
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