I don't think people who have little experience with .CA really understand how hard it is to sell .CA domains, even in the best of times. And with the Canadian economy in the toilet, mass immigration wreaking havoc on services and housing, and the CEBA small business loans coming due on January 18, this just makes an already-difficult job even tougher.
Not counting the odd US or EU company looking to expand into Canada, the .CA market is limited to residents, and that doesn't represent even a half a percentage point of the potential market for .COM or any of the other "open" TLDs.
If you want to be .CA profitable and not just a hobbyist who sits on their domains for a decade or two, then you need to buy the very best domains at the lowest possible price. This strategy, needless to say, is virtually impossible in the current TBR market. You also need to sell them at the optimal price that not only creates profit on your portfolio, but also doesn't leave money on the table.
Over time, I'm really starting to understand and respect RLM's "bleed the buyer dry" strategy
. You really need to maximize the value of each .CA domain acquisition, as there is not an unending supply of potential buyers, even for the top premium domains. RLM recently stated a 0.5% STR (sell-through rate) for his portfolio, but by going for the maximum price and playing the 'long game', he probably makes a lot more money (while retaining value) than someone with a more aggressive 1.5-2% STR.
Like poker, domaining is a hard way to make an easy living, and .CA domaining is even harder still. But no matter your strategy, or lack thereof, here's hoping that 2024 is a good year for domain sales.