N5.ca is the first domain to have bids
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N5.ca is the first domain to have bids
DomainRecap
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I always min-bid up the obvious ones just to save everyone a lot of time.
Do crocheting while you wait for additional names to be added to the list.
DomainRecap
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Whoa, over 5K expired domains already!
I never usually even look until the day before to make sure it's a final list.
Leaseholder.ca is nice
I do it on late Monday or early Tuesday for the dust to settle. Now that WHC does most of the heavy lifting and
@DomainRecap 's candid opinion on the list, saves me a lot of time.
DomainRecap
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Other than the 2-character domain, the TBR doesn't look very exciting this week.
Saturday Night is the perfect time for my ramblings to roam free, escaping the confines of the weekday routine. As I delve into the depths of my thoughts, I find solace in the additional hours granted by the weekend. They allow me to reflect and gather the witnesses of inspiration that lie dormant during the busy weekdays. It's time to reactivate my creative spirit and let it dance under the moonlit sky.
(thanks ChatGPT)
(thanks ChatGPT)
DomainRecap
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10,452 TBR domains this week - I guess 10K or higher is the new normal in this economy.
It getting pretty bad out there as I live in a new development with some pretty big houses and some $$$$ neighbours, but I was part of a big conversation this weekend where due to variable rates now pushing 7%, quite a few people are thinking of selling and downsizing. And a couple of them owned the biggest model houses.
We already have 3 new neighbours on our street (at $1M to $1.2M or so a pop for a medium-sized house
) since we took possession and it looks like a mass exodus may be underway if mortgage rates stay where they are or increase. How are poor people surviving Canada's mortgage apocalypse?
It getting pretty bad out there as I live in a new development with some pretty big houses and some $$$$ neighbours, but I was part of a big conversation this weekend where due to variable rates now pushing 7%, quite a few people are thinking of selling and downsizing. And a couple of them owned the biggest model houses.
We already have 3 new neighbours on our street (at $1M to $1.2M or so a pop for a medium-sized house
) since we took possession and it looks like a mass exodus may be underway if mortgage rates stay where they are or increase. How are poor people surviving Canada's mortgage apocalypse?
Last edited:
rlm
Bonfire.ca
yeah, these rates are horrible, and the rates had been so low people would have been crazy to take a variable rate, but if your term ended now, that would suck big time having to eat a high rate like this. In the states, you get a loan for 25 years, its really locked in for 25 years, you don't have to worry about going through this every 5 years.10,452 TBR domains this week - I guess 10K or higher is the new normal in this economy.
It getting pretty bad out there as I live in a new development with some pretty big houses and some $$$$ neighbours, but I was part of a big conversation this weekend where due to variable rates now pushing 7%, quite a few people are thinking of selling and downsizing. And a couple of them owned the biggest model houses.
We already have 3 new neighbours on our street (at $1M to $1.2M or so a pop for a medium-sized house
theinvestor
DNC.ca
Most people take variable rate mortgages not fixed. The fact is banks are making deals all over the place to all those on variable rate mortgages. If they weren’t things would have gone to hell many months ago. They offer same payment to people with variable rate mortgages and those people end up paying most of their payment to interest. Even if it doesn’t even cover interest they don’t care because it extends their mortgage on renewal.
Then, there are those builders offering deals to those who purchase new homes. Many of the deals today include 0% interest rate for the first three years. Then you would have to get a mortgage through your bank after that time (which they know likely in a few years interest rates are going down).
The fact of the matter is; most people are not being impacted by rate increases. The only few who are potentially are those with investment properties that can no longer carry those mortgages or their tenants are not renewing and they are forced to sell their home.
The supply is low and demand is high because there is very few options on the market. The real estate market in the Toronto area is hot and will be for many years to come because everyone has their hands somewhere in the housing market. Prices may drop in the near term but it will never be a long term impact. The banks will never let that happen.
Then, there are those builders offering deals to those who purchase new homes. Many of the deals today include 0% interest rate for the first three years. Then you would have to get a mortgage through your bank after that time (which they know likely in a few years interest rates are going down).
The fact of the matter is; most people are not being impacted by rate increases. The only few who are potentially are those with investment properties that can no longer carry those mortgages or their tenants are not renewing and they are forced to sell their home.
The supply is low and demand is high because there is very few options on the market. The real estate market in the Toronto area is hot and will be for many years to come because everyone has their hands somewhere in the housing market. Prices may drop in the near term but it will never be a long term impact. The banks will never let that happen.
DomainRecap
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Nothing is every going back to "normal" in Canada - we are increasing our population by an incredible 1.2 million people a year right now (and on an annual increasing scale) so if you understand big numbers, then it should scare you to the very core of your being.
What Canada is doing is unprecedented in the history of human existence, and our base numerical population is growing by virtually the same number as the US (1.2 million vs. 1.25 million).
I can't even imagine our homeless rate (and inflation rate, and cost of living, and...) in 10 years with another 15-20 million people residing in our major cities and utilizing virtually the same infrastructure we have today.
What Canada is doing is unprecedented in the history of human existence, and our base numerical population is growing by virtually the same number as the US (1.2 million vs. 1.25 million).
I can't even imagine our homeless rate (and inflation rate, and cost of living, and...) in 10 years with another 15-20 million people residing in our major cities and utilizing virtually the same infrastructure we have today.
Last edited:
theinvestor
DNC.ca
Trudeau is a hero. Rescuing all those Ukrainians. 
DomainRecap
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Trudeau is a hero. Rescuing all those Ukrainians.
That's a part of it, but the entire picture is a little bigger than that.
In fact, the number of International Students becoming permanent residents in 2022 (160,000 - WTF?) dwarfed the total number of Ukrainian refugees.The largest sources of Canadian immigration (2022) are as follows:
1) India (by a long shot), 2) China., 3) Afghanistan, 4) Nigeria, 5) Philippines
Number of Refugees by country (2022):
1) Iran, 2) India, 3) Columbia, 4) Mexico, 5) Nigeria and Turkey
This doesn't cover foreign student sources (which is a huge number as ~40% of Canadian university enrollment is now foreign (!!)) or the counter-intuitive "Family Reunification" entrants (which the Liberals doubled the numbers on).
It's like Brazilian owners of Tim Hortons are running Canada.
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DomainRecap
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Back to our regularly scheduled TBR news....
This week's list sucks and the only domain to be bid up at WHC is the 2-character N5.ca. It looks to be the only one worth going to auction on and with the dearth of competing options, N5 will be probably sell for $100K.
I don't see any other premiums, and in fact, there are only 9 domains with bids at WHC, which is very low for a Tuesday.
This week's list sucks and the only domain to be bid up at WHC is the 2-character N5.ca. It looks to be the only one worth going to auction on and with the dearth of competing options, N5 will be probably sell for $100K.
I don't see any other premiums, and in fact, there are only 9 domains with bids at WHC, which is very low for a Tuesday.
That is a bold prediction. Is it only n5.ca or any LN.ca??
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