We have consistently reported on this critical issue, providing more accurate insights than Canadian news media, given its profound impact on the economy and real estate sales.
Mark Carney had promised a trade deal by July 16, then by July 21, and then by August 1.
Then, on July 22, Carney had been quoted in The Globe and Mail as saying, “Getting the best possible deal with the US is more important than the August 1 deadline.”
Many Canadians may view this as prudent, but Carney’s prioritization of a perfect deal over meeting the deadline is misguided.
Canada faces a unilateral trade decision from the US due to Canada’s inaction. “We haven’t really had a lot of luck with Canada. I think Canada could be one where there’s just a tariff, not really a negotiation,” President Trump had said on July 25 before departing for Scotland.
The CBC had reported on July 25 in follow-up to Trump’s departure, “U.S. President Donald Trump says his country may not reach a new trade deal with Canada and could simply impose more or higher tariffs on its northern neighbour — something he’s threatening to do in one week’s time.”
This is clear and blatant inaction on the part of the Canadian government, and, worse, Canadians’ apathy is allowing it to continue.
The Bank of Canada, which is set to make a rate announcement on July 30, had issued The Canadian Survey of Consumer Expectations on July 21. This survey had found the following.
The trade conflict continues to weigh on consumers.
Consumers are increasingly cautious about their spending plans. The trade conflict is leading consumers to change their spending behaviour.
Consumers continue to expect the trade conflict to generate inflationary pressures.
Consumers continue to see the labour market as soft. Fears of job loss remain elevated but have declined slightly since last quarter.
About two-thirds of consumers continue to expect the Canadian economy to fall into a recession over the next 12 months.
Unless a deal is reached, this does not bode well for Canada’s economy.
To date, the US has secured trade deals with the UK and China. Just this week, the US has secured the following additional trade deals:
Indonesia, which has seen its tariffs dropped from a whopping 32% down to 19%.
Japan, which has seen its tariffs dropped from 25% down to 15%.
The Philippines, which has seen its tariffs dropped from 20% down to 19%.
These countries understand that securing a trade deal, even with modest tariff reductions, benefits their economies more than having a “Take it or Leave it” trade ultimatum. The USA is over 12 times larger than Canada based on GDP. It is fact when it is said of Canada that it just does not have “the cards”. Knowing that, our leaders should be trying to strike a deal like all the other countries instead of providing excuses to Canadians.
Ontario Premier Doug Ford, in a misguided statement on Global News this week, had proclaimed, “We need to hit back the USA dollar for dollar”.
Ontarians should be in an uproar given that their own Premier does not have the slightest comprehension of the dynamics of trade negotiations with the USA, namely the concept of “reciprocal tariffs”.
As per President Trump’s stark “Take it or Leave it” trade ultimatum of July 10, 2025:
“If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 35% that we charge.”
Doug Ford is mistaken in claiming Canada is the “#1 customer of the U.S.”, as Mexico and China have larger trade volumes with the U.S.
Doug Ford has falsely claimed that Donald Trump has offered to buy Canada. No such offer has ever been made. While Trump has expressed openness to Canada becoming the 51st state, he has never proposed purchasing it. Ford’s baseless assertion, tied to his “Canada is not for sale” merchandise sales, has shifted focus from critical tariff negotiations, instigating a false narrative of anti-US sentiment to detract from critical tariff negotiations. Lest we forget Doug Ford’s act of war threats of cutting power to 1.5M customers in the US states of Michigan, Minnesota, and New York, which have a combined population of 35M.
This is all our fault because we collectively allow it.We do not demand competence, accountability, or results from our political leaders.We would rather fact-check the President of the world’s largest economy than our own leaders.
The strong performance in investment markets, driven by economic success in the US, fosters apathy, causing us to overlook government actions while we focus on the gains from our smaller investments, neglecting our largest asset—real estate—until it’s time to sell.
The announcement of a trade deal for Canada could change the economy and the real estate market overnight by restoring confidence. This shift in perception is likely to drive a significant increase in home and condo prices. Now is the optimal time to buy real estate before the market heats up.
While President Trump is now in Scotland where he is expected to conclude a trade deal with the EU, Canada sits in limbo. As the iceberg of August 1 approaches quickly, we await some hope for Canada with bated breath.
Canada had every warning and chose only to frustrate and prolong the inevitable. Eric Trump has repeatedly counselled on X, “I wouldn’t want to be the last country that tries to negotiate a trade deal with @realDonaldTrump. The first to negotiate will win – the last will absolutely lose. I have seen this movie my entire life…”
The reason that we have been so vocal on this issue is because the ongoing trade negotiations with the United States have created uncertainty, impacting consumer confidence and leading to a noticeable slowdown in real estate activity. This has affected property values and the home equity that so many Canadians rely on.
We have been committed to keeping you informed with timely updates, empowering you to make sound financial decisions to protect your investments. In fact, our reporting on X.com on this issue has gone viral repeatedly, garnering over 582,000 views, 8,800 likes, and 1,700 shares.
Understanding these realities and that negotiations have faltered indicate that economic uncertainty could persist, further impacting property values. That’s why we’re dedicated to providing you with clear, actionable insights to navigate these turbulent times.
The current trade challenges have underscored the direct link between economic confidence and real estate. Sitting idly by isn’t an option when your financial future is at stake.
Stay tuned…
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
