Buying a flipped home—a property that’s been purchased, renovated, and re-sold by an investor—is all the rage these days, and for good reason! It’s an enticing idea, especially since you get to move into an already-updated home without having to handle the renovations yourself. Amid the COVID-19 pandemic, the Bank of Canada saw evidence of “a lot more flipping” driving investor activity in some Canadian housing markets, as housing prices across the country rose 25% in February over the previous year. It’s easy to jump headfirst into a flipped home because everything seems shiny and new. But it’s important to weigh the pros and cons to avoid a potential headache down the road. Here are some things to keep in mind when looking to purchase a flipped home. Article by: Alex Derry | 
