A few weeks ago US based Real Estate company Zillow, announced they are getting out of the house buying and flipping business because of massive losses. This goes to show how difficult it is to predict where markets and prices will go in the short term. In Vancouver, our high friction costs on buying and selling makes it even more difficult. Yes there are some full time experience pros still out there, that in the right market can buy a home do a renovation and make a bit of money. But for most people I suggest you avoid the temptation of flipping.