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CUSMA Wasn’t Renewed: The 10-Year Clock Now Running on Your Job, Prices and Savings

  Canadian Money Brief | Feature CUSMA Wasn't Renewed: The 10-Year Clock Now Running on Your Job, Prices and Savings By MoneySavings.ca | Published November 2, 2026 Quick quiz: is Canada's free trade deal with the United States still in place? The honest answer is yes and no. The agreement known here as CUSMA is still in force, but since July 1 it has been on a different footing, and the way it plays out over the next decade matters to your paycheque, your grocery bill and your savings. Most of us missed the moment because nothing visibly changed that day. That is exactly why it deserves a closer look, especially with the federal budget arriving Thursday. The short version: CUSMA did not end. It moved from a long-term deal to a deal that gets reviewed every year until 2036. Roughly 90% of what Canada sells to the U.S. has been crossing the border tariff-free because of it, so each annual review is a chance for that protection to be tested. For households, this is a slow-burn r...
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Toronto Real Estate: A January Surge in Home Sales

 

In a remarkable turn of events, the Greater Toronto housing market witnessed a 37% surge in home sales during the month of January. This impressive growth comes as a beacon of hope for both buyers and sellers, signaling a dynamic shift in the real estate landscape.

Key Highlights:

  1. Sales Momentum: A staggering 4,223 homes changed hands last month, marking a substantial 22.9% month-over-month increase from December. The allure of lower borrowing costs, particularly associated with fixed-rate mortgages, enticed buyers back into the market.

  2. Tightening Market: While new listings saw a 6.1% increase compared to January 2023, they failed to keep pace with the surging demand. As a result, the market has become tighter than it was a year ago.

  3. Across Housing Categories: The sales surge was not limited to specific housing typesTownhouses led the charge with a remarkable 54.5% annual increase, closely followed by semi-detached homes at 42.9%.

  4. Average Home Price: Despite the robust sales activity, the average home price experienced a slight dip. It dropped one percent from the same time last year, settling at $1,026,703. This figure also represents a 5.4% decrease from the final month of 2023.

  5. Looking Ahead: TRREB President Jennifer Pearce remains optimistic. If inflation cools off as predicted by the Bank of Canada, resulting in lower interest rates, more buyers are likely to re-enter the market. This includes those currently grappling with high rents, eagerly seeking their first home.

The Greater Toronto housing market’s resilience and adaptability continue to shape the city’s real estate narrative. As we move forward, all eyes remain on the evolving dynamics, ready to seize opportunities in this dynamic landscape. 

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