Canadian fix and flip calculator
A flip is profit only after every cost. Enter the purchase, the rehab, the carrying costs, and the resale to see your real profit and your return on the cash you put in.
A flip turns on the full cost picture. BrickROI runs it.
BrickROI runs the flip on your real listing, with the purchase, the renovation, the carrying months, the selling costs, and the profit before tax, plus a lender-ready PDF for your financing. Paste a Canadian listing and see the margin in two minutes.
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How to run a flip in Canada
A flip is simple to describe and easy to get wrong. You buy a property, renovate it, and sell it for more. The profit is the resale price minus everything: the purchase, the renovation, the months of carrying costs, and the selling costs at the end. Miss any of those and the profit on paper is bigger than the profit in your account.
Carrying costs are the quiet killer. While you renovate, the property earns nothing, but the mortgage interest, the property tax, the insurance, and the utilities keep running. A flip that drags two extra months can lose a chunk of its margin to carrying alone. Selling costs are the other bite: commission and legal fees on the resale add up fast.
The Canadian tax angle
Flip profit is often taxed as business income, not a capital gain, which means a higher rate. A quick resale can also fall under the federal anti-flipping measure. The profit this calculator shows is before tax, so talk to your accountant about what you keep. It changes how much margin you actually need.
Protect the margin
- Use a conservative resale price, backed by comparable sales, not the top of the market.
- Pad the renovation budget and the timeline. Overruns are normal, not rare.
- Include every carrying month and the full selling costs before you call a deal profitable.
Fix and flip questions
How do I work out profit on a flip?
Start with the resale price. Subtract the purchase, the renovation, the carrying costs, and the selling costs like commission and legal fees. What is left is your profit before tax. This calculator runs that math and shows your return on the cash you put in.
What costs do flippers forget?
Carrying costs during the renovation are the common miss: mortgage interest, property tax, insurance, and utilities while the property earns nothing. Selling costs are the other one. Commission and closing fees can take a real bite out of the resale price.
Is flip profit taxed differently in Canada?
Often yes. A quick resale can be treated as business income rather than a capital gain, which is taxed at a higher rate. The rules depend on intent and how the federal anti-flipping measure applies. Talk to your accountant; the profit here is before tax.
What margin should a flip target?
Many flippers want a healthy buffer because the resale price and the renovation budget can both move. A thin projected profit leaves no room for an overrun or a soft market. Build in a margin so a small surprise does not erase the deal.