Calgary leads Canada in house flipping, but those who do it say approach with caution [Video]

You’ve likely watched it on reality TV. Someone buys a home, renovates and resells it for a profit.

It’s known as house flipping and as it turns out, Alberta, particularly Calgary, leads the country at it.

Lara Mitchell has worked in real estate for nearly a decade and helped find her sister a home in August.

“But turns out, she didn’t want it. So, now I’m flipping it,” Mitchell said.

She bought the duplex for around $430,000 and is putting $50,000 into renovations.

She hopes to sell for around $550,000, turning a $70,000 profit.

“So far, we’ve changed the floors. We’re going to paint it as well,” Mitchell said.

Lara Mitchell has worked in real estate for nearly a decade. She’s been house flipping for the past six years and says the market for it has never been hotter.

Mitchell’s been flipping for the past six years and says the …