I wonder if they are dropping since they were not paid for or for some other reasons.
These were picked up last year and anything refunded from CIRA only takes 30 days after non-payment. So no, they paid.
Plus, this happens all the time - some newb sees .CA LLLs or words selling for microscopic percentages of the .COM and thinks this is some get-rich-quick option, then a year or two later discovers that it's a long-haul business requiring patience, skill and a very close watch on expenditures.
Due to the limitations of selling to a tiny Canadian market, I don't think there is any other TLD investment that so dependent on not only buying quality, but also spending as little as possible. Creating wealth from .CA investing is like spinning plates or playing a pipe organ, there are so many different aspects to keep in balance, and that kills a lot of new investors, especially those entering now without the benefit of a long-term portfolio.
Personally I feel that the blatant openness of the "WHC Hot List" that shows domains and current bids has led to an increase in TBR prices that is unsustainable. I don't mean domains that sold for $5K are now selling for $20K, but domains that would sell for $20 before (or not even get picked up and go to hand-reg) are selling for $50-$100 or more, and I see it consistently.
One person lays down a bid a few hours before the TBR deadline, then other people start piling on and the WHC List suddenly becomes a self-fulfilling prophecy. In the current .CA market, spending $75 average on 100 (or 1,000) domains that would have sold for $10-$20 just a few years ago is just not sustainable.
Otherwise we'd all be recent millionaires 10X over when we were buying these same .CA domains or better at $10-$15 just a couple years ago, right? Right?
So just due to basic economics, there will be a reckoning and a lot of "new .CA investors" are going to take a bath.