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 …