'It's crazy right now': House flipping surges to new heights in Calgary's red-hot real estate market | CBC News LoadedHouse flipping in Calgary's red-hot real estate market has surged to the highest level of any major metropolitan area in the country, according to new data from the Bank of Canada.has surged to the highest level of any major metropolitan area in the country, according to new data from the Bank of Canada.
He started flipping houses himself about 20 years ago, often renovating the properties before reselling them. These days, however, he says that's not even necessary given how quickly demand — and prices — have risen. She says demand for properties in Calgary has been through the roof lately, and the supply hasn't been there to match.
Max Maxwell is 38. He and his partner got married last summer and started looking for a condo together, but he said the hunt quickly became "disheartening" as property after property was snapped up.