Fix and Flip

Fix and flip is a real estate investment strategy where an investor purchases a property, typically below market value or in need of repair, renovates or improves it, and then resells it quickly for a profit. In Canada, investors pursuing this strategy should be aware that profits are generally taxed as business income rather than capital gains by the CRA, and financing is often arranged through private lenders or alternative mortgage sources since traditional lenders may not fund short-term investment purchases.