News. For Newcomers | March 25, 2026

A major review of the USMCA (CUSMA) trade deal is coming this year, and it could have implications for thousands of workers in North America. While the agreement mainly covers trade, it also allows professionals to work across borders through programs like the TN visa and CUSMA work permits.

With talk that the U.S. could pull out of the deal, uncertainty is growing. The most likely outcome is that these work permits stay in place with minor changes, but in a worst-case scenario, new applications could be affected. For now, permit holders are expected to be safe, but it’s a good idea to start considering backup options, such as permanent residence.

Many think lower immigration is the reason rent is going down, but that’s only part of the story. While fewer newcomers can reduce demand, experts say immigration has only played a small role in housing costs overall.

Instead, bigger factors like too many rental units, high interest rates, and fewer people buying homes are driving prices down. In fact, a surge in condo construction has left the market oversupplied, giving renters more options and pushing rents lower.

Atlantic Canada’s biggest cities are still growing faster than the national average, even as immigration slows. A new report shows six cities added about 22,000 people last year, with growth nearly double the Canadian average.

Newcomers are a big reason why. But with fewer immigrants arriving and fewer people moving from other provinces, experts warn that growth is slowing and the region could soon face worker shortages due to its ageing population.

Ontario held multiple targeted OINP draws on March 25, issuing 597 invitations across different regions. 

Car costs can add up quickly, especially for newcomers. If you’re trying to reduce debt, look at ways to lower your car expenses this month. You could make an extra payment on your loan, shop around for cheaper insurance, or cut back on driving to save on gas.

If your payments feel too high, it may even be worth considering selling your car or switching to public transit part-time. Even small changes, like combining trips or carpooling, can help you spend less and put more money toward your debt.

If you’re applying for jobs in Canada and not hearing back, you might be seen as “overqualified.” This happens to many newcomers. You may have strong experience, but employers worry you won’t stay long or may leave for a better job.

At the same time, you might still be told you lack “Canadian experience.” This can leave you stuck – too experienced for some jobs, but not experienced enough for others.

The good news is you can manage this. Try tailoring your resume to each job, focus on the skills that match the role, and clearly explain why you want that position right now. Showing that you’re serious about the role can help you get past filters and land interviews.

A new homeownership poll shows that even in a difficult housing market, many Canadians still want to own a home. In fact, 67% say they have always dreamed of buying one, and 80% see homeownership as one of life’s biggest financial milestones.

But that dream is getting harder to reach. Many first-time buyers say they are worried about affordability, timing, and making the wrong decision. The poll shows that while interest in buying remains strong, financial pressure and uncertainty are complicating the path to homeownership.

Not sure if buying is right for you? Explore the pros and cons of renting vs. buying in Canada.