CANADA HEADS FOR RECESSION! - Are you feeling it in domains? (2.Viewing)

CANADA HEADS FOR RECESSION!

I did not need a tweet or chart to tell me that.

I simply bookmark houses over a million on Realtor.ca and wait and see how long they are taking to sell. In my area the houses over 2 million are sitting for months, some of them since January.

Additionally I am buying more one word .CA's than ever before and most of them are being sold by distressed owners who are running into financial difficulties.

I am actually turning down decent domains that I would have snapped up before because one can only buy so many before the well runs dry. I am currently working a number of 5 letter pronounceables that I never thought I could pick up for the quoted price and I'm still hesitating.

From all my markers and history in the business Canada is not entering a recession, we are definitely in it!!

And people laughed when Carney was called Trudeau 2.0.

When Carney said he would drop migration numbers and install HARD CAPS to limit our out-of-control population growth, these were all lies just to get the Liberals reelected. Anyone with a brain knew this, but apparently we have a lot of brainless people in Canada who actually think a leopard can change its spots.

Need proof? We're only in August and Carney has already blown past his "Hard Caps" and has even gone past some the mind-boggling migration records of Trudeau:

• Temporary Foreign Workers: Promised Cap 82,000; Issued 105,000 so far
• International Mobility Program: Promised Cap 285,000; Admitted 302,000 in first six months

I can't even imagine what the numbers will be by the end of 2025, and as many noted economists stated in the articles I've read, there will be a huge economic and social toll to pay by flooding our country with unskilled, low wage foreign workers. All the Liberals are doing is mass-importing warm bodies with wallets who artificially and temporarily prop up up a declining economy (and make their corporate donors billions in slave labor profits), while future generations will have to foot the eventual bill for these short-term gain/long-term pain decisions.

In December 2024, former Bank of Canada governor Stephen Poloz said in a webinar that Canada is in a recession. He said the weakness of Canada’s economy has been masked by high population growth.

“A technical [recession] is a superficial definition that you have two quarters of negative growth in a row, and we haven’t had that,” Poloz said. “But the reason is because we’ve been swamped with new immigrants who buy the basics in life, and that boosts our consumption enough.”

In effect, high population growth can decrease the amount of economic activity per person. “In a sense, it’s the size of the pie,” explained Lars Osberg, an economics professor at Dalhousie University. “If you have to divide the pie among more people, each slice of the pie is on average going to be smaller.”

Osberg particularly worries about the effect of low-skilled immigration on workers’ average incomes.

“If you bring in a whole bunch of people to work at Canadian Tire or Tim Hortons or all these relatively low paid service sector jobs, you increase GDP, but you increase it by less than the average of all incomes. And so that pulls the average down,” he said.

Eric Kaufmann, a Canadian professor of politics at the University of Buckingham, says high immigration levels also have far-reaching consequences for national identity and social trust.

“The more diverse the population, the less people trust each other,” he said.

Kaufmann draws on decades of international research showing that rapid demographic change can strain civic engagement and weaken collective identity, especially if policymakers fail to address these shifts openly.