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Are Flips Pushing Prices?

Posted January 28th, 2016 under market updates, smart buying.

Back in 2013, I noticed an increase in the number of flips (homes that are bought by investors, upgraded, and re-sold with the aim to make a profit) being sold in Brampton. At the time, I was worried that flips were starting to influence prices too strongly.

This trend became more noticeable in 2014, but in 2015 it really took off . For example, the number of flips in the south-east of Brampton more than doubled in 2015!

Here are some surprising numbers for the area bordered by Queen St., Steeles Ave., Highway 410, and Torbram (in other words, the A–F sections of Bramalea).


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