{"id":5800,"date":"2019-05-09T13:59:53","date_gmt":"2019-05-09T20:59:53","guid":{"rendered":"https:\/\/www.stevesaretsky.com\/?p=5800"},"modified":"2019-05-22T14:36:44","modified_gmt":"2019-05-22T21:36:44","slug":"property-flipping-slowing","status":"publish","type":"post","link":"https:\/\/www.stevesaretsky.com\/2019\/05\/around-vancouver\/property-flipping-slowing\/","title":{"rendered":"Property Flipping Slowing Across Greater Vancouver"},"content":{"rendered":"
As is typical in every housing cycle, property flipping escalates as prices and sales increase, allowing for profit maximization. According to a Bloomberg article<\/a> today, US homes flipped within a 12 month period surged to 6.5% of total sales in Q4 2018. This was the highest share in seasonally adjusted data going back to 2002, according to real estate data firm CoreLogic<\/a>. However, with the US property market now slowing and liquidity contracting, property flippers are feeling the pinch.<\/p>\n Meanwhile, in Vancouver, property flipping has taken a nosedive as panicked investors hit the sidelines amidst deteriorating margins and falling home prices. Properties flipped within a 12 month period hit a cycle high of 4.6% in January 2017 and have since fallen to just 1.4% of total sales in April.<\/p>\n