CINXE.COM
What percentage of homes are flipped in B.C. each year? - Western Investor
<!DOCTYPE html> <html lang="en"> <head> <meta charset="utf-8"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>What percentage of homes are flipped in B.C. each year? - Western Investor</title> <link rel="preconnect" href="https://www.vmcdn.ca"> <link rel="dns-prefetch" href="https://www.vmcdn.ca"> <meta property="og:site_name" content="Western Investor"> <meta property="fb:app_id" data-key=""> <meta property="twitter:site" content="@westerninvestor"> <link href="/cssb/template_glacier?v=GK6Sb7QGJVNJa1wM1EAfHNlvx_1YtzVz8o7hEE0HU7o1" rel="stylesheet"/> <script> var VM = VM || { slots: [], scripts: [] }, toMap, bmMap, fMap, bbdMapping, bbd2Mapping, bbd3Mapping, bbd4Mapping, bbtMapping, bbt2Mapping, bbt3Mapping, bbmMapping, bbm2Mapping, bbm3Mapping, sixOneMapping, pbjs = pbjs || {}; window.googletag = window.googletag || { cmd: [] }; pbjs.que = pbjs.que || []; </script> <link href="https://www.biv.com/news/real-estate/statcan-study-says-3-of-bc-homes-flipped-each-year-9866433" rel="canonical"><meta content="Statistics Canada analysis indicates about three per cent of homes in B.C. are flipped each year, though new government measures aim to curb this practice" name="description"><meta content="Statistics Canada|condo flipping|StatCan|house-flipping|house-flipping tax|B.C. home-flipping tax" name="keywords"><meta content="https://www.biv.com/news/real-estate/statcan-study-says-3-of-bc-homes-flipped-each-year-9866433" rel="canonical"><meta content="article" property="og:type"><meta content="StatCan study says 3% of B.C. homes flipped each year" property="og:title"><meta content="Government measures and softer market could curtail home-flipping going forward" property="og:description"><meta content="Real Estate" property="article:section"><meta content="false" property="article:opinion"><meta content="free" property="article:content_tier"><meta content="https://www.biv.com/news/real-estate/statcan-study-says-3-of-bc-homes-flipped-each-year-9866433" property="og:url"><meta content="https://www.vmcdn.ca/f/files/victoriatimescolonist/json/2024/02/web1_house-for-sale.jpg;w=855;h=619;mode=crop" property="og:image"><meta content="855" property="og:image:width"><meta content="619" property="og:image:height"><meta content="summary_large_image" property="twitter:card"> <link rel="shortcut icon" href="https://www.vmcdn.ca/files/ui/glacier/wei/favicon.ico"> <link rel="apple-touch-icon" sizes="180x180" href="https://www.vmcdn.ca/files/ui/glacier/wei/at.png"> <link rel="icon" type="image/png" sizes="32x32" href="https://www.vmcdn.ca/files/ui/glacier/wei/32.png"> <link rel="icon" type="image/png" sizes="16x16" href="https://www.vmcdn.ca/files/ui/glacier/wei/16.png"> <link rel="mask-icon" href="https://www.vmcdn.ca/files/ui/glacier/wei/spt.svg" color="#5bbad5"> <meta name="apple-mobile-web-app-title" content="Western Investor"> <meta name="application-name" content="Western Investor"> <meta name="msapplication-TileColor" content="#da532c"> <meta name="theme-color" content="#ffffff"> <style>header .avatar.theme-bg,.popup-dark,.theme-bg{background-color:#1d2758;}header avatar.theme-bg{background:#1d2758;}.btn-primary{background-color:#1d2758;border-color:#1d2758;}.btn-primary:hover,.navbt{background-color:#cdd0df;border-color:#cdd0df;}.theme-border,.popup-bubble.popup-dark::after,.popup-bubble.popup-dark::before{border-bottom-color:#1d2758;}.theme-colour{color:#1d2758;}a:hover, a:focus, .link-btn:hover, .link-btn:focus{color:#1d2758;} .theme-border, .network:after{border-color:#1d2758;}.done-deals a.section-item.section-item-bordered:before {content: "SOLD";background-color: #0d679e;color: #fff;font-size: .65rem;font-weight: 700;padding: 2px 10px;line-height: 1rem;font-family: "Open Sans Bold",serif;margin-bottom: 10px;}.done-deals a.section-item.section-item-bordered:first-child:before {top: 8px;position: relative;}#hd-account-unlogged a[href="/account/mailinglist"]{display:none;} @media (min-width: 992px) {.topnav-minor .btn { color: #fff!important; } .topnav-minor a.btn:after { display:none; }}</style> <script type="text/javascript"> !function(p,r,e,s,b,d){p.pbq||(s=p.pbq=function(){s.exe?s.exe.apply(s,arguments):s.queue.push(arguments); },s.version='1.0',s.queue=[],b=r.createElement(e),b.async=!0,b.src='https://sr.studiostack.com/v3/services', d=r.getElementsByTagName(e)[0],d.parentNode.insertBefore(b,d))}(window,document,'script'); pbq('init', '235429'); pbq('set', 'story'); </script> <script type="text/javascript">!(function(o,n,t){t=o.createElement(n),o=o.getElementsByTagName(n)[0],t.async=1,t.src="https://beginnerpancake.com/v2hjsAlXJFrTfBisIDsUgLfO9DXpBJT1WSl2PFwyn9dS7d3ZFvkgsYQ4m",o.parentNode.insertBefore(t,o)})(document,"script"),(function(o,n){function t(){(t.q=t.q||[]).push(arguments)}t.v=1,o[n]=o[n]||t})(window,String.fromCharCode(97,100,109,105,114,97,108));!(function(o,t,n,c){function e(n){(function(){try{return(localStorage.getItem("v4ac1eiZr0")||"").split(",")[4]>0}catch(o){}return!1})()&&(n=o[t].pubads())&&n.setTargeting("admiral-engaged","true")}(c=o[t]=o[t]||{}).cmd=c.cmd||[],typeof c.pubads===n?e():typeof c.cmd.unshift===n?c.cmd.unshift(e):c.cmd.push(e)})(window,"googletag","function");</script> <script type="text/javascript"> _linkedin_partner_id = "594218"; window._linkedin_data_partner_ids = window._linkedin_data_partner_ids || []; window._linkedin_data_partner_ids.push(_linkedin_partner_id); </script><script type="text/javascript"> (function(l) { if (!l){window.lintrk = function(a,b){window.lintrk.q.push([a,b])}; window.lintrk.q=[]} var s = document.getElementsByTagName("script")[0]; var b = document.createElement("script"); b.type = "text/javascript";b.async = true; b.src = "https://snap.licdn.com/li.lms-analytics/insight.min.js"; s.parentNode.insertBefore(b, s);})(window.lintrk); </script> <noscript> <img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=594218&fmt=gif" /> </noscript> <script>!function(s,a,e,v,n,t,z){if(s.saq)return;n=s.saq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!s._saq)s._saq=n;n.push=n;n.loaded=!0;n.version='1.0';n.queue=[];t=a.createElement(e);t.async=!0;t.src=v;z=a.getElementsByTagName(e)[0];z.parentNode.insertBefore(t,z)}(window,document,'script','https://tags.srv.stackadapt.com/events.js');saq('ts', 'ZP9avK-bhZxlYLtmu5r12A');</script> <script async src="https://www.googletagmanager.com/gtag/js?id=G-LBSLQ6JW94"></script> <script> const vmGaMap = {"dimension1":"Site","dimension2":"Id","dimension3":"Author","dimension4":"Byline","dimension5":"AuthorName","dimension6":"BylineName","dimension7":"WordCount","dimension8":"PublishHour","dimension9":"PublishDay","dimension10":"PublishDayName","dimension11":"PublishMonthName","dimension12":"PublishYear","dimension13":"PublishDateTime","dimension14":"Category","dimension15":"CategoryName","dimension16":"Tags","dimension17":"Title","dimension18":"Type","dimension19":"SiteName","dimension20":"Member","dimension21":"Subscriber","dimension22":"ContentType","dimension23":"ParentSite","dimension24":"PublishDate"}; window.dataLayer = window.dataLayer || []; function gtag() { window.dataLayer.push(arguments); } gtag('js', new Date()); gtag('config', 'G-LBSLQ6JW94', { 'send_page_view': false }); gtag('config', 'UA-61624009-20', { 'send_page_view': false, 'custom_map': vmGaMap }); gtag('config', 'G-NXP76MZ8ZL', { 'send_page_view': false, 'custom_map': vmGaMap }); VM.contentDimensions = {"Id":"9866433","Author":"563873","Byline":"563873","AuthorName":"Jami Makan","BylineName":"Jami Makan","WordCount":"495","PublishHour":"12","PublishDay":"26","PublishDayName":"Tue","PublishMonthName":"Nov","PublishYear":"2024","PublishDateTime":"11/26/2024 12:00:00 PM","Category":"562153","CategoryName":"Real Estate","Tags":"Statistics Canada|condo flipping|StatCan|house-flipping|house-flipping tax|B.C. home-flipping tax","Title":"StatCan study says 3% of B.C. homes flipped each year","Type":"Content","SiteName":"Western Investor","PublishDate":"2024-11-26","ContentType":"OriginalReport"}; gtag('event', 'page_view', Object.assign({}, {'Site': '84', 'ParentSite': '19'}, VM.contentDimensions)); </script> <script src="https://micro.rubiconproject.com/prebid/dynamic/25542.js" async></script> <script src="https://securepubads.g.doubleclick.net/tag/js/gpt.js" async></script> <script> googletag.cmd.push(function () { toMap = googletag.sizeMapping().addSize([0, 0], []).addSize([1050, 200], [[1920, 1200], [1920, 800]]).build(); bmMap = googletag.sizeMapping().addSize([0, 0], [[1, 1], [300, 50], [300, 100]]).addSize([400, 300], [[1, 1], [400, 67], [400, 133]]).addSize([768, 200], [[1, 1], [728, 90], [600, 100], [600, 200]]).addSize([990, 200], [[1, 1], [728, 90], [900, 150], [900, 300], [970, 250]]).build(); fMap = googletag.sizeMapping().addSize([0, 0], [[300, 50], [320, 50], [300, 100]]).addSize([768, 200], []).build(); bbdMapping = googletag.sizeMapping().addSize([0, 0], []).addSize([990, 300], [[300, 600], [300, 250], [300, 300], [300, 120]]).build(); bbd2Mapping = googletag.sizeMapping().addSize([0, 0], []).addSize([990, 300], [[300, 250], [300, 600], [300, 300], [300, 120]]).build(); bbd3Mapping = googletag.sizeMapping().addSize([0, 0], []).addSize([990, 300], [[300, 250], [300, 300], 'fluid']).build();; bbd4Mapping = googletag.sizeMapping().addSize([0, 0], []).addSize([990, 300], [300, 600]).build(); bbtMapping = googletag.sizeMapping().addSize([0, 0], []).addSize([728, 200], [[300, 600], [300, 250], [300, 300]]).addSize([990, 300], []).build(); bbt2Mapping = googletag.sizeMapping().addSize([0, 0], []).addSize([728, 200], [[300, 250], [300, 300], [300, 600]]).addSize([990, 300], []).build(); bbt3Mapping = googletag.sizeMapping().addSize([0, 0], []).addSize([728, 200], [[300, 250], [300, 300]]).addSize([990, 300], []).build(); bbmMapping = googletag.sizeMapping().addSize([0, 0], [[300, 250], [300, 300], [300, 600]]).addSize([728, 200], []).build(); bbm2Mapping = googletag.sizeMapping().addSize([0, 0], [[300, 600], [300, 250], [300, 300]]).addSize([728, 200], []).build(); bbm3Mapping = googletag.sizeMapping().addSize([0, 0], [[300, 300], [300, 250]]).addSize([728, 200], []).build(); sixOneMapping = googletag.sizeMapping().addSize([0, 0], [[300, 100], [300, 50]]).addSize([410, 200], [[300, 100], [300, 50], [400, 67]]).addSize([728, 200], [600, 100]).build(); googletag.pubads().enableSingleRequest();googletag.pubads().disableInitialLoad();googletag.pubads().setTargeting("site", ["www.westerninvestor.com", "westerninvestor.com"]).setTargeting("ContentCategory", ["Real Estate"]).setTargeting("ContentCategories", ["Real Estate","British Columbia","Top Stories"]).setTargeting("ContentType", "OriginalReport").setTargeting("TemplateType", "Details").setTargeting("ContentId", "9866433").setTargeting("ContentTag", ["Statistics Canada","condo flipping","StatCan","house-flipping","house-flipping tax","BC home-flipping tax"]); }); </script> <script type="application/ld+json">{"@context":"http://schema.org","@type":"NewsMediaOrganization","name":"Western Investor","url":"https://www.westerninvestor.com","logo":{"@context":"http://schema.org","@type":"ImageObject","url":"https://www.vmcdn.ca/files/westerninvestor/images/westerninvestor/western-investor-logo-web.png","width":"128","height":"40"},"email":"advertise@westerninvestor.com","telephone":"1-800-661-6988","address":{"@type":"PostalAddress","addressLocality":"Vancouver","addressRegion":"BC","postalCode":"V5Y 1J6","streetAddress":"303 West 5th Avenue"},"sameAs":["https://www.facebook.com/WesternInvestorMedia","https://x.com/westerninvestor","https://ca.linkedin.com/company/western-investor"]}</script> <script type="application/ld+json">{"@context":"http://schema.org","@type":"NewsArticle","speakable":{"@type":"SpeakableSpecification","cssSelector":"details-title, details-intro"},"headline":"StatCan study says 3% of B.C. homes flipped each year","description":"Government measures and softer market could curtail home-flipping going forward","wordCount":495,"articleSection":"Real Estate","url":"https://www.westerninvestor.com/real-estate/statcan-study-says-3-of-bc-homes-flipped-each-year-9866433","dateCreated":"2024-11-26T19:07:04Z","dateModified":"2024-11-26T20:00:00Z","datePublished":"2024-11-26T20:00:00Z","keywords":["Statistics Canada","condo flipping","StatCan","house-flipping","house-flipping tax","B.C. home-flipping tax"],"image":{"@context":"http://schema.org","@type":"ImageObject","url":"https://www.vmcdn.ca/f/files/victoriatimescolonist/json/2024/02/web1_house-for-sale.jpg","width":"855","height":"619","description":"Home-flipping has come into the government鈥檚 crosshairs amid low housing supply and affordability.聽| Mike Wakefield, North Shore News "},"publisher":{"@context":"http://schema.org","@type":"NewsMediaOrganization","name":"Western Investor","url":"https://www.westerninvestor.com","logo":{"@context":"http://schema.org","@type":"ImageObject","url":"https://www.vmcdn.ca/files/westerninvestor/images/westerninvestor/western-investor-logo-web.png","width":"128","height":"40"},"email":"advertise@westerninvestor.com","telephone":"1-800-661-6988","address":{"@type":"PostalAddress","addressLocality":"Vancouver","addressRegion":"BC","postalCode":"V5Y 1J6","streetAddress":"303 West 5th Avenue"},"sameAs":["https://www.facebook.com/WesternInvestorMedia","https://x.com/westerninvestor","https://ca.linkedin.com/company/western-investor"]},"author":{"@type":"Person","name":"Jami Makan","url":"https://www.westerninvestor.com/writers/jamimakan","image":"https://www.vmcdn.ca/f/files/glaciermedia/images/people/img_6981-modified.png"},"mainEntityOfPage":"https://www.westerninvestor.com/real-estate/statcan-study-says-3-of-bc-homes-flipped-each-year-9866433"}</script> </head> <body class="has-hb" data-ads-fetch="200" data-ads-render="60" data-ads-scale="1.0"> <a href="#body-container" class="sr-only">Skip to content</a> <header> <div class="container clearfix"> <div class="navbt-container"> <button type="button" class="navbt navbt-toggle navbt-burg" aria-label="Show navigation"><i></i><i></i><i></i></button> <button type="button" class="navbt navbt-toggle navbt-close hide" aria-label="Hide navigation">×</button> </div> <a href="/" class="logo-container"><img alt="Western Investor" class="logo" height="40" src="https://www.vmcdn.ca/files/westerninvestor/images/westerninvestor/western-investor-logo-web.svg" width="128"></a> <div class="avatar-container"> <ul class="nav topnav-minor"><li><a class="btn title btn-primary navitem" href="/account/mailinglist">Join Our Newsletter</a></li></ul> <a href="/account" class="hd-popup-trigger" aria-expanded="false" aria-controls="hd-account-unlogged" aria-labelledby="welcome"> <div id="welcome" data-user="0" data-default="Welcome, {0}">Sign in or register for your free account <span class="caret" aria-hidden="true"></span></div> <span class="avatar-sm avatar avatar-unlogged"><i class="ic ic-user-o-w"></i></span> </a> <ul class="nav hd-popup popup popup-dark popup-bubble hidden" id="hd-account"> <li><a href="/account"><i class="ic ic-white ic-user"></i> Your Profile</a></li> <li><a href="/account/subscriptions"><i class="ic ic-white ic-email-o"></i> Your Subscriptions</a></li> <li class="popup-sep"></li> <li><a href="/account/transactions"><i class="ic ic-white ic-credit-card"></i> Payment History</a></li> <li class="popup-sep"></li> <li> <form action="/account/logoff" method="post"> <button class="popup-btn"><i class="ic ic-white ic-sign-out"></i> Sign Out</button> </form> </li> </ul> <div class="hd-popup popup popup-bubble hidden" id="hd-account-unlogged"> <div class="popup-block"> <div class="title"> Registered Users </div> <small>Already have an account?</small> <p><a href="/account/login" class="btn btn-primary btn-block">Sign In</a></p> </div> <div class="popup-block"> <div class="title">New Users</div> <small>Create a free account.</small> <p><a href="/account/register" class="btn btn-default btn-block">Register</a></p> </div> <ul class="nav"> <li><a href="/account/mailinglist"><i class="ic ic-email-o"></i> Sign up for Daily Headlines</a></li> <li><a href="/contact"><i class="ic ic-comments-o"></i> Contact Us</a></li> </ul> </div> </div> </div> <nav id="nav" class="mainnav"> <div class="container clearfix"> <ul class="nav topnav"><li id="nav-home" class="nav-0 theme-darkgrey"><a href="/" class="navitem">Home</a></li><li class="children nav-0 theme-blue "><span class="navitem">News</span><div class="subnav-container"><div class="subnav-wrap"><ul class="nav subnav"><li class="nav-1 "><a class="navitem" href="/opinion">Opinion</a></li><li class="nav-1 "><a class="navitem" href="/british-columbia">British Columbia</a></li><li class="nav-1 "><a class="navitem" href="/alberta">Alberta</a></li><li class="nav-1 "><a class="navitem" href="/saskatchewan-manitoba">Saskatchewan-Manitoba</a></li><li class="nav-1 "><a class="navitem" href="/multi-family">Multi-Family</a></li><li class="nav-1 "><a class="navitem" href="/finance">Finance</a></li><li class="nav-1 "><a class="navitem" href="/franchises">Franchises</a></li></ul></div></div></li><li class="children nav-0 theme-blue "><a class="navitem" href="/done-deals">Done Deals</a><div class="subnav-container"><div class="subnav-wrap"><ul class="nav subnav"><li class="nav-1 "><a class="navitem" href="/done-deals/submit-a-done-deal" target="_blank">Submit a Done Deal</a></li></ul></div></div></li><li class=" nav-0 theme-blue "><a class="navitem" href="/bizwire">Business Wire</a></li><li class=" nav-0 theme-blue "><a class="navitem" href="/where-to-invest">Where to Invest</a></li><li class=" nav-0 theme-blue "><a class="navitem" href="/specialfeatures">Special Features</a></li><li class="children nav-0 theme-blue "><span class="navitem">Connect</span><div class="subnav-container"><div class="subnav-wrap"><ul class="nav subnav"><li class="nav-1 "><a class="navitem" href="/other/contact-us">Contact Us</a></li><li class="nav-1 "><a class="navitem" href="/account/mailinglist">Newsletter</a></li><li class="nav-1 "><a class="navitem" href="/other/advertising">Advertise with us</a></li><li class="nav-1 "><a class="navitem" href="/other/subscribe">Subscribe</a></li></ul></div></div></li><li class=" nav-0 theme-blue "><a class="navitem" href="/other/digital-edition">Digital Edition</a></li></ul> <div class="search-container"> <button type="button" class="navbt-q hd-popup-trigger" aria-expanded="false" aria-controls="search" id="qbt" aria-label="Toggle Search"><i class="ic ic-search"></i></button> <form action="/search" method="get" class="popup hd-popup hd-popup-h hidden" id="search"> <fieldset class="mb-2"> <legend class="sr-only">Search Type</legend> <label class="radio-inline search-select"><input type="radio" name="search" data-action="/search" data-placeholder="site" checked> Site</label> </fieldset> <div class="input-group"> <label for="q" class="sr-only">Search</label> <input type="search" name="q" id="q" class="form-control" placeholder="search site"> <span class="input-group-btn"> <button class="btn btn-primary" id="search-submit" aria-label="Search"><i class="ic ic-search-w"></i></button> </span> </div> </form> </div> <a class="ww ww-current ww-environmentcanada ib clearfix" href="/weather" id="weather-container" data-endpoint="/external/weatherwidget?weatherCode=" data-success="VM.onWeatherLoaded"></a> </div> </nav> </header> <div id="body-container"> <div id="leaderboard-container" class="container"><div class='slot slot-leaderboard gam ' data-id='1786' data-path='/4326737/atex_WI_site_section_subsection_3to1_S1_RON_GNG-network' data-lazy='false' data-dim-m="[[300,50],[300,100]]" data-dim-t="[[400,133],[600,200],[400,67],[600,100]]" data-dim-d="[[900,300],[900,150],[728,90]]" ></div></div> <div id="body" class="container"> <div class="row"> <section class="col-md-8"> <ol class="nav nav-horizontal nav-breadcrumb"> <li><a href="/">Home</a></li> <li><a href="/real-estate">Real Estate</a></li> </ol> <div class="details theme-blue" data-id="9866433" data-title="StatCan study says 3% of B.C. homes flipped each year" data-tag="562153"> <h1 class="title details-title">StatCan study says 3% of B.C. homes flipped each year</h1> <div class="details-intro">Government measures and softer market could curtail home-flipping going forward</div> <div class="byline-area"> <div class="details-byline"> <div class="profile"> <a href="/writers/jamimakan" class="profile-avatar profile-avatar-lg"> <span class="avatar-lg avatar" data-initials="JM"><img alt="Jami Makan" class="avatar-img" src="https://www.vmcdn.ca/f/files/glaciermedia/images/people/img_6981-modified.png;w=120;h=120;mode=crop" /></span> </a> <div class="profile-title"> <a href="/writers/jamimakan">Jami Makan</a> <br> <time datetime="2024-11-26T20:00:00.0000000Z">Nov 26, 2024 12:00 PM</time> </div> </div> </div> <div class="details-share"> <ul class="nav nav-table sc sc-compact" data-url="https://www.westerninvestor.com/real-estate/statcan-study-says-3-of-bc-homes-flipped-each-year-9866433"> <li> <a href="/cdn-cgi/l/email-protection#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" target="_blank" class="sc-item sc-item-em noparams clearfix ga ga-ext" data-ga-category="Share" data-ga-action="Email" data-ga-label="Real Estate"> <i class="ic ic-white ic-email-o ib" aria-hidden="true"></i> <div class="sc-label">Share by Email</div> </a> </li> <li> <a href="https://www.facebook.com/sharer/sharer.php?u=https%3a%2f%2fwww.westerninvestor.com%2freal-estate%2fstatcan-study-says-3-of-bc-homes-flipped-each-year-9866433" target="_blank" class="sm-trigger sc-item sc-item-fb noparams clearfix ga ga-ext" data-ga-category="NTG social" data-ga-action="social share" data-ga-label="facebook"> <i class="ic ic-facebook-w ib" aria-hidden="true"></i> <div class="sc-label">Share on Facebook</div> </a> </li> <li> <a href="https://x.com/share?text=StatCan+study+says+3%25+of+B.C.+homes+flipped+each+year&url=https%3a%2f%2fwww.westerninvestor.com%2freal-estate%2fstatcan-study-says-3-of-bc-homes-flipped-each-year-9866433&via=westerninvestor" target="_blank" class="sm-trigger sc-item sc-item-x noparams clearfix ga ga-ext" data-ga-category="NTG social" data-ga-action="social share" data-ga-label="twitter"> <i class="ic ic-x-w ib" aria-hidden="true"></i> <div class="sc-label">Share on X</div> </a> </li> <li> <a href="https://www.linkedin.com/shareArticle?mini=true&url=https%3a%2f%2fwww.westerninvestor.com%2freal-estate%2fstatcan-study-says-3-of-bc-homes-flipped-each-year-9866433" target="_blank" class="sm-trigger sc-item sc-item-li noparams clearfix ga ga-ext" data-ga-category="NTG social" data-ga-action="social share" data-ga-label="linkedin"> <i class="ic ic-linkedin-w ib" aria-hidden="true"></i> <div class="sc-label">Share on LinkedIn</div> </a> </li> <li> <button type="button" class="sc-item sc-item-pr noparams clearfix ga visible-md" data-ga-category="Share" data-ga-action="Print" data-ga-label="Real Estate"> <i class="ic ic-print-w ib" aria-hidden="true"></i> <div class="sc-label">Print</div> </button> </li> <li> <a href="sms:?body=StatCan%20study%20says%203%25%20of%20B.C.%20homes%20flipped%20each%20year%20https%3a%2f%2fwww.westerninvestor.com%2freal-estate%2fstatcan-study-says-3-of-bc-homes-flipped-each-year-9866433" class="sc-item sc-item-sms noparams clearfix ga ga-ext hidden-md" data-ga-category="Share" data-ga-action="Text" data-ga-label="Real Estate"> <i class="text-hide ic ic-sms-w ib">Share via Text Message</i> </a> </li> </ul> </div> </div> <figure class="figure details-file" id="file-3537381"><img alt="web1_house-for-sale" src="https://www.vmcdn.ca/f/files/victoriatimescolonist/json/2024/02/web1_house-for-sale.jpg;w=855" style="aspect-ratio:1.38126009693053;" width="855"><figcaption>Home-flipping has come into the government鈥檚 crosshairs amid low housing supply and affordability.聽| Mike Wakefield, North Shore News </figcaption></figure> <div id="details-body" class="details-body clearfix" data-words="495" itemprop="articleBody"> <p>A new analysis suggests about three per cent of homes in B.C. are flipped each year, although it is sometimes for benign reasons such as a death, divorce or job change.</p> <p>Home-flipping has come into government crosshairs amid low housing supply and pressure on affordability.</p> <p>A new Statistics Canada (StatCan) study finds 2.8 per cent of the province’s residential properties sold in the years spanning 2019-21 had been owned by their sellers for less than a year.</p> <p>This proportion was highest in 2021, at 3.3 per cent.</p> <p>By comparison, it was more common for residential properties to be re-sold in the second year of ownership. For instance, 5.3 per cent of properties sold in 2021 and 6.2 per cent of those sold in 2019 had been held by their seller for one to less than two years.</p> <p>The study defines property-flipping as the purchase and re-sale of residential property within one year of possession.</p> <p>Based on StatCan’s definition, residential properties can be flipped by owners who make no improvements to the house, by investors who renovate to seek capital gains or by individuals who need to sell quickly because of changing circumstances such as a death, divorce or job change.</p> <p>Ottawa introduced new rules in January 2023 making any profit from property-flipping fully taxable as business income if the property is sold within the first year of possession, with some exceptions. </p> <p>Meanwhile, the provincial government has also announced a <a href="https://www.biv.com/news/economy-law-politics/bcs-new-home-flipping-tax-unlikely-to-help-affordability-say-experts-8464248">home-flipping tax that will take effect Jan. 1</a>. This tax will apply to properties sold within one year of possession and to properties sold from one to less than two years after possession with a decreasing rate.</p> <p>StatCan found that property-flipping was more common in B.C.’s urban areas, and that condominium apartments were more likely to be sold within one year of purchase compared with all other property types.</p> <p>The years 2019-21 were characterized by exuberant market conditions, as remote work during the COVID-19 pandemic became commonplace and people sought to upgrade their living quarters.</p> <p>It was a lucrative period for home-flippers and home sellers in general, who could realize double-digit gains. StatCan said the median price gain of properties flipped within one year and sold in 2021 was $115,000, representing a 20.3-per-cent gross profit. This gain was higher for flipped single-detached houses (23.9 per cent) than for flipped condominium apartments (16.3 per cent). </p> <p>“These short-term gains occurred in the context of an overall price increase amid a booming real estate market in British Columbia,” said the study, noting that by comparison, the median annual price of all residential properties in the province increased 18 per cent from 2020-21, rising from $610,000 to $720,000.</p> <p>StatCan said that property-flippers tended to have certain characteristics, despite limited data. For example, businesses (7.9 per cent) accounted for a higher proportion of property flippers compared with their representation among real estate buyers (2.6 per cent) in 2020. The segment also skewed toward males, immigrants and older individuals.</p> <p><a href="/cdn-cgi/l/email-protection#b6dcdbd7ddd7d8f6d4dfc098d5d9db"><span class="__cf_email__" data-cfemail="2d47404c464c436d4f445b034e4240">[email protected]</span></a></p> <p><a href="http://x.com/jamimakan">@JamiMakan</a></p> <p> </p> </div> <div id="details-widgets"> <hr> <ul class="nav details-tools np"> <li><a href="/submissions/typo?id=9866433&t=StatCan+study+says+3%25+of+B.C.+homes+flipped+each+year&u=https%3a%2f%2fwww.westerninvestor.com%2freal-estate%2fstatcan-study-says-3-of-bc-homes-flipped-each-year-9866433">See a typo/mistake?</a></li> <li><a href="/submissions/newstip">Have a story/tip?</a></li> </ul> <div id="businesses" class="lazyload" data-endpoint="/directory/contentwidget" data-data='{"tagId": 562153, "hide": false , "flatTags": "[{\"site\":19,\"tag\":312435,\"type\":3,\"primary\":true,\"r\":0},{\"site\":47,\"tag\":451304,\"type\":3,\"primary\":false,\"r\":0},{\"site\":48,\"tag\":451342,\"type\":3,\"primary\":false,\"r\":0},{\"site\":49,\"tag\":451352,\"type\":3,\"primary\":false,\"r\":0},{\"site\":51,\"tag\":451357,\"type\":3,\"primary\":false,\"r\":0},{\"site\":53,\"tag\":451361,\"type\":3,\"primary\":false,\"r\":0},{\"site\":54,\"tag\":451463,\"type\":3,\"primary\":false,\"r\":0},{\"site\":43,\"tag\":451365,\"type\":3,\"primary\":false,\"r\":0},{\"site\":24,\"tag\":451406,\"type\":3,\"primary\":false,\"r\":0},{\"site\":58,\"tag\":451414,\"type\":3,\"primary\":false,\"r\":0},{\"site\":57,\"tag\":451418,\"type\":3,\"primary\":false,\"r\":0},{\"site\":55,\"tag\":451428,\"type\":3,\"primary\":false,\"r\":0},{\"site\":59,\"tag\":451454,\"type\":3,\"primary\":false,\"r\":0},{\"site\":34,\"tag\":451456,\"type\":3,\"primary\":false,\"r\":0},{\"site\":82,\"tag\":281885,\"type\":3,\"primary\":false,\"r\":0},{\"site\":84,\"tag\":562153,\"type\":3,\"primary\":false,\"r\":0},{\"site\":84,\"tag\":283850,\"type\":3,\"primary\":false,\"r\":0},{\"site\":62,\"tag\":405407,\"type\":3,\"primary\":false,\"r\":0},{\"site\":62,\"tag\":405400,\"type\":3,\"primary\":false,\"r\":0},{\"site\":62,\"tag\":592531,\"type\":3,\"primary\":false,\"r\":0},{\"site\":19,\"tag\":473411,\"type\":3,\"primary\":false,\"r\":0},{\"site\":48,\"tag\":473391,\"type\":3,\"primary\":false,\"r\":0},{\"site\":49,\"tag\":473392,\"type\":3,\"primary\":false,\"r\":0},{\"site\":51,\"tag\":473394,\"type\":3,\"primary\":false,\"r\":0},{\"site\":53,\"tag\":473399,\"type\":3,\"primary\":false,\"r\":0},{\"site\":43,\"tag\":473401,\"type\":3,\"primary\":false,\"r\":0},{\"site\":54,\"tag\":473400,\"type\":3,\"primary\":false,\"r\":0},{\"site\":55,\"tag\":473402,\"type\":3,\"primary\":false,\"r\":0},{\"site\":24,\"tag\":473403,\"type\":3,\"primary\":false,\"r\":0},{\"site\":58,\"tag\":473405,\"type\":3,\"primary\":false,\"r\":0},{\"site\":57,\"tag\":473407,\"type\":3,\"primary\":false,\"r\":0},{\"site\":59,\"tag\":473408,\"type\":3,\"primary\":false,\"r\":0},{\"site\":34,\"tag\":473409,\"type\":3,\"primary\":false,\"r\":0},{\"site\":47,\"tag\":473413,\"type\":3,\"primary\":false,\"r\":0},{\"site\":82,\"tag\":476110,\"type\":3,\"primary\":false,\"r\":0},{\"site\":84,\"tag\":562244,\"type\":3,\"primary\":false,\"r\":0},{\"site\":19,\"tag\":348035,\"type\":3,\"primary\":false,\"r\":0},{\"site\":51,\"tag\":259806,\"type\":3,\"primary\":false,\"r\":0},{\"site\":47,\"tag\":262958,\"type\":3,\"primary\":false,\"r\":0},{\"site\":48,\"tag\":262957,\"type\":3,\"primary\":false,\"r\":0},{\"site\":59,\"tag\":273877,\"type\":3,\"primary\":false,\"r\":0},{\"site\":58,\"tag\":273895,\"type\":3,\"primary\":false,\"r\":0},{\"site\":53,\"tag\":278073,\"type\":3,\"primary\":false,\"r\":0},{\"site\":55,\"tag\":310296,\"type\":3,\"primary\":false,\"r\":0},{\"site\":57,\"tag\":310266,\"type\":3,\"primary\":false,\"r\":0},{\"site\":54,\"tag\":273892,\"type\":3,\"primary\":false,\"r\":0},{\"site\":34,\"tag\":222634,\"type\":3,\"primary\":false,\"r\":0},{\"site\":43,\"tag\":267856,\"type\":3,\"primary\":false,\"r\":0},{\"site\":60,\"tag\":442463,\"type\":3,\"primary\":false,\"r\":0},{\"site\":49,\"tag\":281754,\"type\":3,\"primary\":false,\"r\":0},{\"site\":54,\"tag\":273819,\"type\":3,\"primary\":false,\"r\":0},{\"site\":1,\"tag\":30526,\"type\":2,\"primary\":false,\"r\":0,\"t\":\"Statistics Canada\"},{\"site\":1,\"tag\":133490,\"type\":2,\"primary\":false,\"r\":0,\"t\":\"condo flipping\"},{\"site\":1,\"tag\":311977,\"type\":2,\"primary\":false,\"r\":0,\"t\":\"StatCan\"},{\"site\":1,\"tag\":551812,\"type\":2,\"primary\":false,\"r\":0,\"t\":\"house-flipping\"},{\"site\":1,\"tag\":578411,\"type\":2,\"primary\":false,\"r\":0,\"t\":\"house-flipping tax\"},{\"site\":1,\"tag\":583822,\"type\":2,\"primary\":false,\"r\":0,\"t\":\"B.C. home-flipping tax\"}]"}'></div> <hr class="np" id="details-shares"> <h2 class="title share-title sc np" data-url="https://www.westerninvestor.com/real-estate/statcan-study-says-3-of-bc-homes-flipped-each-year-9866433" data-none="This has not been shared. Be the first!">This has been shared <span class="sc-s">0</span> <span class="sc-s-text" data-single="time">times</span></h2> <ul class="nav nav-table sc sc-expanded" data-url="https://www.westerninvestor.com/real-estate/statcan-study-says-3-of-bc-homes-flipped-each-year-9866433"> <li> <div class="sc-total-area"> <div class="sc-s sc-total">0</div> <span class="sc-total-title">Shares</span> </div> </li> <li> <a href="/cdn-cgi/l/email-protection#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" target="_blank" class="sc-item sc-item-em noparams clearfix ga ga-ext" data-ga-category="Share" data-ga-action="Email" data-ga-label="Real Estate"> <i class="ic ic-white ic-email-o ib" aria-hidden="true"></i> <div class="sc-label">Share by Email</div> </a> </li> <li> <a href="https://www.facebook.com/sharer/sharer.php?u=https%3a%2f%2fwww.westerninvestor.com%2freal-estate%2fstatcan-study-says-3-of-bc-homes-flipped-each-year-9866433" target="_blank" class="sm-trigger sc-item sc-item-fb noparams clearfix ga ga-ext" data-ga-category="NTG social" data-ga-action="social share" data-ga-label="facebook"> <i class="ic ic-facebook-w ib" aria-hidden="true"></i> <div class="sc-label">Share on Facebook</div> </a> </li> <li> <a href="https://x.com/share?text=StatCan+study+says+3%25+of+B.C.+homes+flipped+each+year&url=https%3a%2f%2fwww.westerninvestor.com%2freal-estate%2fstatcan-study-says-3-of-bc-homes-flipped-each-year-9866433&via=westerninvestor" target="_blank" class="sm-trigger sc-item sc-item-x noparams clearfix ga ga-ext" data-ga-category="NTG social" data-ga-action="social share" data-ga-label="twitter"> <i class="ic ic-x-w ib" aria-hidden="true"></i> <div class="sc-label">Share on X</div> </a> </li> <li> <a href="https://www.linkedin.com/shareArticle?mini=true&url=https%3a%2f%2fwww.westerninvestor.com%2freal-estate%2fstatcan-study-says-3-of-bc-homes-flipped-each-year-9866433" target="_blank" class="sm-trigger sc-item sc-item-li noparams clearfix ga ga-ext" data-ga-category="NTG social" data-ga-action="social share" data-ga-label="linkedin"> <i class="ic ic-linkedin-w ib" aria-hidden="true"></i> <div class="sc-label">Share on LinkedIn</div> </a> </li> <li> <button type="button" class="sc-item sc-item-pr noparams clearfix ga visible-md" data-ga-category="Share" data-ga-action="Print" data-ga-label="Real Estate"> <i class="ic ic-print-w ib" aria-hidden="true"></i> <div class="sc-label">Print</div> </button> </li> <li> <a href="sms:?body=StatCan%20study%20says%203%25%20of%20B.C.%20homes%20flipped%20each%20year%20https%3a%2f%2fwww.westerninvestor.com%2freal-estate%2fstatcan-study-says-3-of-bc-homes-flipped-each-year-9866433" class="sc-item sc-item-sms noparams clearfix ga ga-ext hidden-md" data-ga-category="Share" data-ga-action="Text" data-ga-label="Real Estate"> <i class="text-hide ic ic-sms-w ib">Share via Text Message</i> </a> </li> </ul> <form class="np share-mailing" action="/account/mailinglistdirect" method="post" novalidate> <hr> <h2 class="title share-title">Get your daily Vancouver news briefing</h2> <div class="input-group"> <label for="share-email" class="sr-only">Email</label> <input type="email" name="email" data-val="true" data-val-email="Email is invalid." data-val-required="Email is required." id="share-email" class="form-control" placeholder="Enter your email address"> <span class="input-group-btn"> <button class="btn btn-primary">Sign Up</button> </span> </div> <span class="field-validation-valid" data-valmsg-for="email" data-valmsg-replace="true"></span> </form> <div class="details-related np"> <hr> <h2 class="title mb-0">Related</h2> <div class="section-table"> <a href="/real-estate/bcs-new-home-flipping-tax-unlikely-to-help-affordability-say-experts-8464248" class="section-item section-tr section-tr-bordered ga" data-ga-category="RelatedLink" data-ga-action="Click" data-ga-label="Real Estate"> <div class="section-td" style="width:130px"> <img alt="B.C.鈥檚 new home-flipping tax unlikely to help affordability, say experts" class="lazyimg " data-src="https://www.vmcdn.ca/f/files/biv/240305-realestatesigns-029.jpg;w=120;h=80;mode=crop" height="80" src="/images/blank.gif" style="aspect-ratio:120/80" width="120"> </div> <div class="section-td"> B.C.鈥檚 new home-flipping tax unlikely to help affordability, say experts <div class="section-intro"> <time datetime="2024-03-19T17:30:00.0000000Z">Mar 19, 2024 10:30 AM</time> </div> </div> </a> <a href="/real-estate/budget-2024-bc-introduces-new-housing-flipping-tax-8343797" class="section-item section-tr section-tr-bordered ga" data-ga-category="RelatedLink" data-ga-action="Click" data-ga-label="Real Estate"> <div class="section-td" style="width:130px"> <img alt="Budget 2024: B.C. introduces new home-flipping tax" class="lazyimg " data-src="https://www.vmcdn.ca/f/files/biv/images/politics-provincial/conroylegislature-provinceofbc.jpg;w=120;h=80;mode=crop" height="80" src="/images/blank.gif" style="aspect-ratio:120/80" width="120"> </div> <div class="section-td"> Budget 2024: B.C. introduces new home-flipping tax <div class="section-intro"> <time datetime="2024-02-22T21:53:00.0000000Z">Feb 22, 2024 1:53 PM</time> </div> </div> </a> <a href="https://monitor.villagemedia.ca/your-money/tax-changes-you-need-to-know-about-this-year-from-home-offices-to-house-flipping-8443040" class="section-item section-tr section-tr-bordered ga" data-ga-category="RelatedLink" data-ga-action="Click" data-ga-label="Real Estate"> <div class="section-td" style="width:130px"> <img alt="Tax changes you need to know about this year, from home offices to house flipping" class="lazyimg " data-src="https://www.vmcdn.ca/f/files/shared/feeds/cp/2024/03/20240311160332-65ef6b0146b430b44e24cfa6jpeg.jpg;w=120;h=80;mode=crop" height="80" src="/images/blank.gif" style="aspect-ratio:120/80" width="120"> </div> <div class="section-td"> Tax changes you need to know about this year, from home offices to house flipping <div class="section-intro"> <time datetime="2024-03-14T14:00:00.0000000Z">Mar 14, 2024 7:00 AM</time> </div> </div> </a> <a href="https://www.timescolonist.com/local-news/bc-homeowners-who-sell-within-two-years-to-face-flipping-tax-8345468" class="section-item section-tr section-tr-bordered ga" data-ga-category="RelatedLink" data-ga-action="Click" data-ga-label="Real Estate"> <div class="section-td" style="width:130px"> <img alt="B.C. homeowners who sell within two years to face flipping tax" class="lazyimg " data-src="https://www.vmcdn.ca/f/files/victoriatimescolonist/json/2024/02/web1_vka-budgethousing-9891.jpg;w=120;h=80;mode=crop" height="80" src="/images/blank.gif" style="aspect-ratio:120/80" width="120"> </div> <div class="section-td"> B.C. homeowners who sell within two years to face flipping tax <div class="section-intro"> <time datetime="2024-02-23T02:00:00.0000000Z">Feb 22, 2024 6:00 PM</time> </div> </div> </a> </div> </div> </div> </div> </section> <aside class="col-md-4"> <div class="widget-area widget-area-side" data-tagid="562153" data-contentid="9866433" data-layout="Side" data-span="4" data-key=""> <div class="widget-area-row"> <div class="widget-area-col" data-span="12"> <div class="widget widget-dfp gam widget-dfp-bbdMapping " data-id="484175" data-widget="3" data-per="" data-min="" data-path="/4326737/atex_WI_site_section_subsection_1to2_S1_RON_GNG-network" data-lazy="true" data-mapping="bbdMapping" data-dim="[[300,250],[300,300],[300,600]]" data-targeting='[]' style="min-height:250px"> </div> <div class="widget widget-dfp gam widget-dfp-bbt3Mapping " data-id="484176" data-widget="3" data-per="" data-min="" data-path="/4326737/atex_WI_site_section_subsection_1to1_S1_RON_GNG-network" data-lazy="true" data-mapping="bbt3Mapping" data-dim="[[300, 250],[300,300]]" data-targeting='[]' style="min-height:250px"> </div> <div class="widget widget-dfp gam widget-dfp-bbm3Mapping " data-id="484177" data-widget="3" data-per="" data-min="" data-path="/4326737/atex_WI_site_section_subsection_1to1_S1_RON_GNG-network" data-lazy="true" data-mapping="bbm3Mapping" data-dim="[[300, 300], [300, 250]]" data-targeting='[]' style="min-height:250px"> </div><div class="widget widget-lazy" data-id="484178" data-widget="32" data-per="" data-min=""></div> <div class="widget widget-dfp gam widget-dfp-null " data-id="484179" data-widget="3" data-per="" data-min="" data-path="/4326737/atex_WI_site_section_subsection_1to1_S2_RON_GNG-network" data-lazy="true" data-mapping="" data-dim="[[300, 250], [300, 300]]" data-targeting='[]' style="min-height:250px"> </div> <div class="widget widget-dfp gam widget-dfp-bbd3Mapping widget-inject widget-inject-centre hidden-mobile hidden-tablet" data-id="484180" data-widget="3" data-per="50" data-min="" data-path="/4326737/atex_WI_site_section_subsection_1to1_S1_RON_GNG-network" data-lazy="true" data-mapping="bbd3Mapping" data-dim="[[300, 300], [300, 250]]" data-targeting='[]' style="min-height:250px"> </div> <div class="widget widget-dfp gam widget-dfp-bbt2Mapping widget-inject widget-inject-centre visible-tablet hidden-mobile" data-id="484181" data-widget="3" data-per="50" data-min="" data-path="/4326737/atex_WI_site_section_subsection_1to2_S1_RON_GNG-network" data-lazy="true" data-mapping="bbt2Mapping" data-dim="[[300, 300], [300, 600], [300, 250]]" data-targeting='[]' style="min-height:250px"> </div> <div class="widget widget-dfp gam widget-dfp-sixOneMapping widget-inject widget-inject-centre " data-id="484182" data-widget="3" data-per="100" data-min="" data-path="/4326737/atex_WI_site_section_subsection_6to1_S1_RON_GNG-network" data-lazy="true" data-mapping="sixOneMapping" data-dim="[[400, 67], [300, 50], [600, 100]]" data-targeting='[]' style="min-height:50px"> </div> <div class="widget widget-dfp gam widget-dfp-bbmMapping widget-inject widget-inject-centre visible-mobile" data-id="484183" data-widget="3" data-per="50" data-min="" data-path="/4326737/atex_WI_site_section_subsection_1to2_S1_RON_GNG-network" data-lazy="true" data-mapping="bbmMapping" data-dim="[[300, 300], [300, 600], [300, 250]]" data-targeting='[]' style="min-height:250px"> </div><div class="widget widget-wysiwyg theme-blue widget-inject widget-inject-centre " data-id="484184" data-widget="6" data-per="30" data-min=""> <div class="section-items section-wysiwyg clearfix"> <div id="outstream"></div> </div> </div> <div class="widget widget-wysiwyg theme-blue " data-id="484185" data-widget="6" data-per="" data-min=""> <div class="section-items section-wysiwyg clearfix"> <div id="flipp-xp-slot-597fc82"></div> </div> </div> </div> </div> </div> <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script> VM.scripts.push('/jsb/poll?v=c6iDVbfxfQvzCqPU14a_yjnLACXj820YTc7zxmH0rno1'); </script> </aside> </div> </div> <div class="wrap theme-blue"></div> </div> <footer> <div id="footer-top" class="theme-bg"> <div class="container ft-social"> <ul class="nav nav-social-ft"> <li class="ib"><a href="https://www.facebook.com/WesternInvestorMedia" target="_blank" rel="noopener" title="Facebook"><i class="ic ic-facebook-w"></i></a></li> <li class="ib"><a href="https://x.com/westerninvestor" target="_blank" rel="noopener" title="X"><i class="ic ic-x-w"></i></a></li> <li class="ib"><a href="https://ca.linkedin.com/company/western-investor" target="_blank" rel="noopener" title="LinkedIn"><i class="ic ic-linkedin-w"></i></a></li> </ul> </div> </div> <div class="container"> <div class="row"> <div class="col-sm-6"> <ul class="nav nav-footer nav-footer-nested"><li class="children nav-0 theme-blue "><span class="navitem">News</span><div class="subnav-container"><div class="subnav-wrap"><ul class="nav subnav"><li class="nav-1 "><a class="navitem" href="/opinion">Opinion</a></li><li class="nav-1 "><a class="navitem" href="/british-columbia">British Columbia</a></li><li class="nav-1 "><a class="navitem" href="/alberta">Alberta</a></li><li class="nav-1 "><a class="navitem" href="/saskatchewan-manitoba">Saskatchewan-Manitoba</a></li><li class="nav-1 "><a class="navitem" href="/multi-family">Multi-Family</a></li><li class="nav-1 "><a class="navitem" href="/finance">Finance</a></li><li class="nav-1 "><a class="navitem" href="/franchises">Franchises</a></li></ul></div></div></li><li class="children nav-0 theme-blue "><a class="navitem" href="/done-deals">Done Deals</a><div class="subnav-container"><div class="subnav-wrap"><ul class="nav subnav"><li class="nav-1 "><a class="navitem" href="/done-deals/submit-a-done-deal" target="_blank">Submit a Done Deal</a></li></ul></div></div></li><li class=" nav-0 theme-blue "><a class="navitem" href="/bizwire">Business Wire</a></li><li class=" nav-0 theme-blue "><a class="navitem" href="/where-to-invest">Where to Invest</a></li><li class=" nav-0 theme-blue "><a class="navitem" href="/specialfeatures">Special Features</a></li><li class="children nav-0 theme-blue "><span class="navitem">Connect</span><div class="subnav-container"><div class="subnav-wrap"><ul class="nav subnav"><li class="nav-1 "><a class="navitem" href="/other/contact-us">Contact Us</a></li><li class="nav-1 "><a class="navitem" href="/account/mailinglist">Newsletter</a></li><li class="nav-1 "><a class="navitem" href="/other/advertising">Advertise with us</a></li><li class="nav-1 "><a class="navitem" href="/other/subscribe">Subscribe</a></li></ul></div></div></li><li class=" nav-0 theme-blue "><a class="navitem" href="/other/digital-edition">Digital Edition</a></li></ul> </div> <div class="col-sm-3"> <div class="footer-title">About</div> <ul class="nav nav-footer"><li><a class="navitem" href="/other/advertising">Advertising</a></li><li><a class="navitem" href="/other/about">About Us</a></li><li><a class="navitem" href="/other/privacy-policy">Privacy Policy</a></li><li><a class="navitem" href="/other/terms-of-service">Terms of Service</a></li><li><a class="navitem" href="/other/contact-us">Contact Us</a></li><li><a class="navitem" href="https://docs.google.com/document/d/12OIHvUtu7Orr7UCaSUnstwnVYZgagHRn1ZIZnDQ_ZSo/view">Political Ads Registry</a></li></ul> </div> <div class="col-sm-3"> <a href="https://www.glaciermedia.ca/"><img src="/images/blank.gif" class="ft-logo lazyimg" style="height:33px" data-src="https://www.vmcdn.ca/files/ui/glacier/glacier-media-group.svg" alt="Glacier Media Group"></a> <div class="footer-title">Visit our network of sites:</div> <ul class="nav nav-footer"> <li><a href="https://www.bowenislandundercurrent.com/" class="navitem">Bowen Island Undercurrent</a></li> <li><a href="https://www.burnabynow.com/" class="navitem">Burnaby Now</a></li> <li><a href="https://www.biv.com/" class="navitem">Business in Vancouver</a></li> <li><a href="https://www.castanet.net/" class="navitem">Castanet</a></li> <li><a href="https://www.coastreporter.net/" class="navitem">Coast Reporter</a></li> <li><a href="https://www.delta-optimist.com/" class="navitem">Delta Optimist</a></li> <li><a href="https://lethbridgeherald.com/" class="navitem">Lethbridge Herald</a></li> <li><a href="https://medicinehatnews.com/" class="navitem">Medicine Hat News</a></li> <li><a href="https://www.newwestrecord.ca/" class="navitem">New West Record</a></li> <li><a href="https://www.nsnews.com/" class="navitem">North Shore News</a></li> <li><a href="https://www.piquenewsmagazine.com/" class="navitem">Pique Newsmagazine</a></li> <li><a href="https://www.prpeak.com/" class="navitem">Powell River Peak</a></li> <li><a href="https://www.rew.ca/" class="navitem">REW.ca</a></li> <li><a href="https://www.richmond-news.com/" class="navitem">Richmond News</a></li> <li><a href="https://www.squamishchief.com/" class="navitem">Squamish Chief</a></li> <li><a href="https://www.theorca.ca/" class="navitem">The Orca</a></li> <li><a href="https://www.timescolonist.com/" class="navitem">Times Colonist</a></li> <li><a href="https://www.tricitynews.com/" class="navitem">TriCity News</a></li> <li><a href="https://www.vancouverisawesome.com/" class="navitem">Vancouver is Awesome</a></li> <li><a href="https://www.westerninvestor.com/" class="navitem">Western Investor</a></li> <li><a href="https://www.airdriecityview.com/" class="navitem">Airdrie City View/Rocky View Weekly</a></li> <li><a href="https://www.cochraneeagle.ca/" class="navitem">Cochrane Eagle</a></li> <li><a href="https://www.lakelandtoday.ca/" class="navitem">Lakeland Today</a></li> <li><a href="https://www.rmoutlook.com/" class="navitem">Rocky Mountain Outlook</a></li> <li><a href="https://www.stalbertgazette.com/" class="navitem">St. Albert Gazette</a></li> <li><a href="https://www.thealbertan.com/" class="navitem">The Albertan</a></li> <li><a href="https://www.townandcountrytoday.com/" class="navitem">Town and Country Today</a></li> <li><a href="https://www.westernwheel.ca/" class="navitem">Western Wheel</a></li> </ul> <p>© 2024 Western Investor</p> </div> </div> </div> </footer> <div class='slot slot-footer gam ' data-id='1787' data-path='/4326737/atex_WI_site_section_subsection_300x100_M1_RON_GNG-network' data-lazy='false' data-mapping='fMap' data-dim="[[300, 100], [300, 50]]" ></div> <div id="vma-cat" data-query="tagId=562153&tagType=Content&type=Details&contentId=9866433"></div> <script src="/jsb/widgets?v=aBR0tBA2xntuoTDJtoUrFOpv8eyvxRnp8KQ8GAnLpGE1"></script> <script src="/jsb/template?v=dgLlKk46n4vjoKqrXGRUuoChRaIdTHU-nMjBEKyuPk41"></script> <script>VM.Track.gaSource = 'Western Investor'; VM.Track.initPropertiesAndDimensions({ measurementIds: ['G-LBSLQ6JW94', 'UA-61624009-20', 'G-NXP76MZ8ZL'], siteId: '84', parentSiteId:'19' }, VM.contentDimensions); delete VM.contentDimensions;</script> <script src="/jsb/content_standalone?v=K3BMI0u5LMv0O4MPC8VMAnyW1c7f7DWOQGeqYVZzYfA1"></script> <div id="ams-embed-settings" data-vast-tag="https://pubads.g.doubleclick.net/gampad/ads?iu=/4326737/GlacierCustomPlayer_Video_S1&description_url=https%3a%2f%2fwww.westerninvestor.com%2freal-estate%2fstatcan-study-says-3-of-bc-homes-flipped-each-year-9866433&tfcd=0&npa=0&sz=640x480&gdfp_req=1&output=vast&unviewed_position_start=1&env=vp&impl=s&correlator=&cust_params=site%3Dwww.westerninvestor.com"></div> <script type="text/javascript" async src="//l.getsitecontrol.com/94ml8r17.js"></script> <script type="text/javascript"> _linkedin_partner_id = "594218"; window._linkedin_data_partner_ids = window._linkedin_data_partner_ids || []; window._linkedin_data_partner_ids.push(_linkedin_partner_id); </script><script type="text/javascript"> (function(l) { if (!l){window.lintrk = function(a,b){window.lintrk.q.push([a,b])}; window.lintrk.q=[]} var s = document.getElementsByTagName("script")[0]; var b = document.createElement("script"); b.type = "text/javascript";b.async = true; b.src = "https://snap.licdn.com/li.lms-analytics/insight.min.js"; s.parentNode.insertBefore(b, s);})(window.lintrk); </script> <noscript> <img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=594218&fmt=gif" /> </noscript> <script class="fbpixel" type="text/javascript">!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init', '230610384243630');fbq('track', 'PageView');</script><noscript><img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=230610384243630&ev=PageView&noscript=1"/></noscript> <script>fbq("track", "ViewContent", {"content_ids":[9866433],"content_category":"westerninvestor > Real Estate","content_name":"StatCan study says 3% of B.C. homes flipped each year","content_type":"product","contents":[{"id":"Statistics Canada","quantity":1},{"id":"condo flipping","quantity":1},{"id":"StatCan","quantity":1},{"id":"house-flipping","quantity":1},{"id":"house-flipping tax","quantity":1},{"id":"B.C. home-flipping tax","quantity":1}],"author_name":"Jami Makan","byline_name":"Jami Makan","article_length":495,"publish_hour":"12","publish_day":"26","publish_day_name":"Tue","publish_month_name":"Nov","publish_year":"2024","publish_datetime":"11/26/2024 12:00:00 PM","site_name":"Western Investor","type":"Content"});</script> </body> </html>