Dima (@dima_nomad) header
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Housing | finance | tech. -Nobody goes there anymore. It is too crowded.-

Toronto, Ontario
Joined March 2011
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It is crazy how far below its weight class my hometown Toronto punches.
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Many families getting PRs would be in a position to buy real estate because they no longer have to pay 25% tax that Ontario charges on the purchase of residential property by foreign nationals.
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Dont have to like it, but the Americans are not wrong about the Iranian currency exchange nonsense. I told you this was coming, and it's prob not done yet. See the THREAD! US Treasury sanctions Cdn money services firms over Iran-related transactions--> reuters.com/world/middle-eas…
Long but important thread: Let's take a trip the "Tahranto" to understand why Canadian banks are at risk of becoming trade war targets
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Reminder that in Pierre Trudeau's last term in office (1980-1984) he almost cut immigration levels IN HALF, from 143,000 PR admissions to 88,000. That's because Canada was going through a recession, and it made no sense to add large numbers of new people into the Canadian labour market when people were struggling to find work. Now that young people are struggling to find work, wages are lagging behind inflation, there is huge excess demand over supply in our health care system, and public support for immigration is waning, what does the Liberal government do? Massively increase immigration levels. This is one of the worst public policy decisions in modern Canadian history. And unlike most bad policies, it is effectively irreversible.
To give you an idea of just how insane it is to bring 600,000 permanent residents to Canada in a single year, that's more than the *last five* years of immigration under Pierre Trudeau. From 1980 to 1984, total permanent immigration came to 570,400.
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Selling the next generation’s homes to foreign investors
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Trolling is off the charts... Stats Canada just registered increase in unemployment rate: "The unemployment rate for youth aged 15 to 24 increased 0.7 percentage points to 13.7%."
A well-managed immigration system must respond to changing circumstances while providing greater stability and predictability for newcomers, employers and communities. We are introducing a new time-limited measure that will support work to reset the immigration system. This measure will help up to 200,000 people already living in Canada transition to permanent residence through two cohorts: • a workers cohort • a humanitarian cohort This temporary measure will provide fairness for people who have already established themselves in communities across the country through additional admissions space to process applications under select pathways in 2027. It will help fulfill previous humanitarian commitments, keep families together and reduce existing application inventories. Learn more: bit.ly/4enACjL
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🚨𝗕𝗿𝗲𝗮𝗸𝗶𝗻𝗴: Low-wage LMIA based work permit duration increased from one year to two years starting today. 𝗜 𝗮𝗺 𝗰𝗼𝗻𝗳𝘂𝘀𝗲𝗱. 🤔 Has unemployment gone up or down someone please explain either to me or Mark Carney. 𝗧𝗵𝗶𝘀 𝘄𝗶𝗹𝗹 𝗮𝗯𝘀𝗼𝗹𝘂𝘁𝗲𝗹𝘆 𝗱𝗲𝘀𝘁𝗿𝗼𝘆 𝗹𝗮𝗯𝗼𝘂𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝗳𝗼𝗿 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻𝘀. 🤦‍♂️
Government of Canada announces targeted reforms to the Temporary Foreign Worker Program to respond to labour market needs ow.ly/AkGu106I2V2
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"A temporary worker receiving permanent residency doesn't add another person to the population. Only their immigration status changes." Maybe we should also start giving PRs to tourists already in Canada
🇨🇦 CANADIANS: STOP PANICKING ABOUT IMMIGRATION. LOOK AT THE ACTUAL NUMBERS. There is an enormous amount of misinformation circulating about Canada's immigration and population outlook. Let's separate the facts from the fear. 1. The 380,000 immigration target is NOT 380,000 new arrivals. Canada plans to grant permanent residency to 380,000 people annually between 2027 and 2029. But many already live, work, pay taxes and occupy homes in Canada. A temporary worker receiving permanent residency doesn't add another person to the population. Only their immigration status changes. 2. Canada's temporary resident population is already SHRINKING. Statistics Canada reports: October 2024: 2.98 million non-permanent residents. July 2025: 2.93 million. July 2026: 2.78 million. That's a decline of approximately 205,000 from the October 2024 peak. The expansion has reversed. 3. Ottawa is explicitly converting existing residents to permanent status. The November 5, 2026 immigration plan includes a special initiative allowing up to 200,000 people already living in Canada to transition to permanent residency by the end of 2027. These are not 200,000 additional people arriving at the border. 4. New temporary resident arrivals are being sharply reduced. Canada recorded approximately 972,000 new temporary resident arrivals in 2023. The target for 2027 is 370,000. That's a planned reduction of approximately 62%. 5. What matters is NET POPULATION GROWTH. New arrivals minus departures, combined with births minus deaths. A declining temporary resident population does not necessarily mean everyone has departed. Some have simply become permanent residents. But it clearly demonstrates that Canada's previous period of extraordinarily rapid temporary-resident expansion is ending. Now the real story, are we about to run out of workers?
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I liked a lot of things in the budget, but I absoltuely cannot stand these "one-time measures" that are excluded from the permanent residence targets. They should be built into the targets, so we can make an apples-to-apples comparison.
Alright guys, I have fundamentally changed my view on future population growth following Budget 2026. It's very clear now that the govt will continue to roll out "one-time" initiatives to convert temp residents into PRs. We'll get official levels at the end of Nov, but this is where we're going from what I see in the budget
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The Carney government's new immigration figures are them telling you, as clearly as they possibly can, that your simple desire to live in a country with competitive wages, affordable housing and accessible publuc services can get fucked.
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Today's Canadian Jobs Report: BAD - Yesterday's Canadian Budget: Immigration MUST Increase We are so Fucked... Weirdest part: Carney's popularity will remain high Boomers think: more Immigration, my house price finally starts going up again Landlords say Thank God 2/
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Dima retweeted
Replying to @stephen_taylor
We're culturally broken if we can't stand on our values and morals to hold someone accountable. He isn't ethical. Full stop. If a thief let a senior go, do you forgive him after dozens of crimes? He won't have an ethics committee investigate Telesat funding. The Liberals are trying to reverse the outcome of the Emergency Act. They awarded $90b to SNC-Lavalin. If he wanted change, it would have already happened. What happened to the performance report from his MPs? What happened to the trillions of dollars from the growth conference? How are we more competitive by adding carbon taxes to our oil and CBAM? How are we more competitive when the government continually cherry picks funding and expands government at an ever-increasing pace? How are we more competitive when citizens don't have doctors and we're adding hundreds of thousands of people every year? He holds the most important role in the country with some of the largest natural resources and he weaseled his way into a majority government. Stop giving him another inch. This is just another promise. Hold him accountable.
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Alright guys, I have fundamentally changed my view on future population growth following Budget 2026. It's very clear now that the govt will continue to roll out "one-time" initiatives to convert temp residents into PRs. We'll get official levels at the end of Nov, but this is where we're going from what I see in the budget
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Dima retweeted
Before you start celebrating the 2026 Canada Growth Incentive you need to keep in mind that only 2.8% of companies in Canada actually publish products and new IPs. As the data shows below, Canada has 116,000 tech consulting/services providers, compared to only 3,400 publishers. I'm not going to bother trying to explain this with my own words, but it's important to acknowledge that Canada is not the US. The majority of tech companies in Canada simply don't benefit from this model. Yes, it's important to develop incentives that target bootstrapping of the future we need to see. But, our startups require a lot of other supporting incentives to make up for the additional risk, structuring, and funding needed in order to make this program worth-the-risk. When designing policy, it's important to make sure that the environment that exists can match up to the ambition of the program. Unfortunately, the best way to achieve sustainability, find talent, discover what works, and take a few shots on net in Canada, is by working on someone else's dime. Canada simply does not have the capital formation mechanisms in place to spin up startups at the same rate as the US and other hubs. The best way to approach bootstrapping an economy of startups and success stories in Canada would be to provide a path for consulting and service provider firms to (1) learn the landscape of Canadian businesses, (2) achieve some form of success, then (3) leverage their know-how and human capital into new enterprises. The majority of successful tech companies I worked for began as solid consulting and service provider business before receiving funding and spinning out on their own. That would increase the success surface-area by 34x. ------------- Here's the problem: many Canadian tech startups begin as service businesses. Founders take on consulting contracts, build software for clients, and use that revenue to fund the development of their own products before they ever raise venture capital. Yet consulting is explicitly excluded, raising serious questions about how these businesses qualify as they transition into product companies. To put the scale into perspective, Canada has approximately 116,000 computer systems design and related services establishments, compared with just 3,400 software publishers — a ratio of roughly 34 to 1. Those categories generate approximately $113 billion and $28 billion in annual revenue, respectively. These figures don't tell us how many companies are legally ineligible, but they illustrate a fundamental disconnect: Canada's technology economy is heavily weighted toward services, while this incentive explicitly excludes consulting businesses.
Not only is $15m exclusion not enough to reverse the (a) $1 trillion of established capital plus the (b) $1 trillion of projects that were planned but left, but everyone in tech is overlooking the fine print. @ruffoloj @ddebow @AndrewScheer
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Savings is a drop in a bucket
Replying to @buildcanada
Additionally: The Cutting Red Tape for All Canadians Act amends 31 federal laws at once. The federal government estimates it will save $264M over 10 years. On competition, Budget 2026 extends data portability rights to telecom and air travel. Consumers will be able to take their data with them when switching providers for a better deal.
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Kind of discriminatory and maddening even
In Budget 2026, we’re backing the Canadian artists who tell our stories. That means if you’re a Canadian artist, you won’t pay tax on up to $45,000 of income derived from your creative work.
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Dima retweeted
wait till you see what Canadian Tire thinks a Senior AI Scientist with a Phd and 5+ years of experience is worth $64k cad ($46k usd). in toronto. you genuinely cannot make this up
.@OpenTable hiring an AI Applied Engineer in Toronto. Max pay $110k/cad ($78k usd) this is not ok
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New poll today today finds more than half of Cdns want LESS immigration not more Despite the big media push to convince us otherwise, Canadians recognize that the mess of the Trudeau years has not been cleaned up at all @MarkJCarney does not care. Businesses want cheap labour
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My ECON 101 students don’t think this is bad. Quite the opposite.
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