Dozens of Metro Vancouver house flips currently on the market are headed for a loss, with the sellers pricing the properties well below what they originally paid for them.
OpenHousing defines a flip as a property bought and sold within three years without rebuilding or renovating substantially.
A number of these are foreclosures or court-ordered sales by alternative mortgage lenders.
For example, Reliable Mortgages Investments Corporation has listed for foreclosure sale a Shaughnessy, Vancouver property, which was bought for $3.1 million in June 2016, for just 2.85M.
Vanmortgage Capital GP Corporation is selling an English Bluff, Delta property original bought for $3.3 million and abandoned mid-renovation for just $2.65 million.
Meanwhile, Winbright Enterprise Ltd is selling a property in Hastings, Vancouver and Bridgeport, Richmond for less than what they originally paid for them.
Vancouver
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 2929 W 29TH AVENUE | 1937 | $2,396,000 | 27-Jun-2017 | $2,700,000 | 07-Feb-2016 | -11.26 |
| 1288 W 27TH AVENUE | 1984 | $3,980,000 | 18-Oct-2018 | $4,285,480 | 01-Sep-2017 | -7.13 |
| 6669 RALEIGH STREET | 1952 | $1,750,000 | 05-Jul-2016 | $1,860,000 | 21-Feb-2016 | -5.91 |
| 4080 W 35TH AVENUE | 1948 | $2,488,000 | 13-Feb-2018 | $2,580,000 | 11-Jan-2016 | -3.57 |
| 3188 W 3RD AVENUE | 1920 | $3,575,000 | 07-Jun-2019 | $3,785,000 | 17-May-2017 | -5.55 |
| 3345 W 11TH AVENUE | 1927 | $2,880,000 | 01-May-2017 | $3,220,000 | 05-Sep-2016 | -10.56 |
| 7799 BIRCH STREET | 2016 | $3,088,000 | 29-Jan-2018 | $3,100,000 | 13-May-2016 | -0.39 |
| 2349 E GEORGIA STREET | 1998 | $1,489,000 | 29-Jan-2019 | $1,538,000 | 07-May-2018 | -3.19 |
| 3282 W 33RD AVENUE | 1930 | $2,799,900 | 12-Mar-2017 | $2,980,000 | 05-Nov-2015 | -6.04 |
| 3605 E GEORGIA STREET | 2014 | $1,880,000 | 07-May-2019 | $1,935,000 | 24-Jun-2016 | -2.84 |
| 128 E 45TH AVENUE | 1921 | $1,599,000 | 05-Mar-2018 | $1,700,000 | 25-Jul-2017 | -5.94 |
| 518 KEEFER STREET | 1910 | $1,189,000 | 16-May-2018 | $1,200,000 | 20-Mar-2016 | -0.92 |
| 2796 W 21ST AVENUE | 1940 | $2,188,000 | 25-May-2017 | $2,598,000 | 17-Jun-2016 | -15.78 |
| 2628 SW MARINE DRIVE | 1950 | $2,998,000 | 01-Mar-2017 | $3,300,000 | 23-Mar-2016 | -9.15 |
| 2421 EDDINGTON DRIVE | 1990 | $3,250,000 | 17-May-2019 | $3,600,000 | 30-Nov-2016 | -9.72 |
| 4625 CONNAUGHT DRIVE | 1927 | $7,180,000 | 11-Oct-2018 | $8,180,000 | 09-Apr-2016 | -12.22 |
| 4028 W 11TH AVENUE | 2015 | $4,990,000 | 17-May-2017 | $5,300,000 | 18-Apr-2016 | -5.85 |
| 5419 LANARK STREET | 1953 | $1,290,000 | 13-Jun-2016 | $1,350,000 | 10-Feb-2016 | -4.44 |
| 1716 NASSAU DRIVE | 1950 | $1,088,000 | 13-Feb-2018 | $1,250,000 | 19-Jun-2017 | -12.96 |
| 1716 NASSAU DRIVE | 1950 | $1,088,000 | 13-Feb-2018 | $1,250,000 | 19-Jun-2017 | -12.96 |
| 6491 MACKENZIE PLACE | 1954 | $2,990,000 | 23-Jul-2019 | $3,270,000 | 10-Nov-2017 | -8.56 |
| 3798 PUGET DRIVE | 2016 | $3,268,000 | 01-Aug-2019 | $3,380,000 | 12-May-2017 | -3.31 |
| 3521 W 43RD AVENUE | 1929 | $3,380,000 | 04-Jul-2017 | $3,700,000 | 01-Mar-2016 | -8.65 |
| 6926 TISDALL STREET | 1959 | $2,998,000 | 03-Jan-2018 | $3,100,000 | 20-Jan-2016 | -3.29 |
| 1519 W 33RD AVENUE | 2015 | $2,850,000 | 27-May-2019 | $3,180,000 | 27-Jun-2016 | -10.38 |
| 1519 W 33RD AVENUE | 2015 | $2,850,000 | 27-May-2019 | $3,180,000 | 27-Jun-2016 | -10.38 |
| 8175 LAUREL STREET | 1994 | $2,900,000 | 10-Aug-2019 | $3,070,000 | 21-Feb-2017 | -5.54 |
Richmond
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 10091 ADDISON STREET | 1976 | $1,149,000 | 17-Aug-2018 | $1,455,000 | 31-Mar-2016 | -21.03 |
| 8955 COOPER ROAD | 2004 | $1,699,000 | 31-Jan-2018 | $1,800,000 | 10-Jun-2016 | -5.61 |
| 8331 FAIRBROOK CRESCENT | 1963 | $1,499,000 | 08-Jan-2019 | $1,600,000 | 20-Sep-2016 | -6.31 |
| 7840 MALAHAT AVENUE | 1973 | $1,590,000 | 12-Mar-2018 | $1,700,000 | 06-Feb-2017 | -6.47 |
| 10275 MCLEOD COURT | 1988 | $1,498,000 | 29-Jan-2019 | $1,520,000 | 21-Jun-2017 | -1.45 |
| 5431 MAPLE ROAD | 2018 | $2,480,000 | 18-Jun-2018 | $3,318,000 | 27-Jun-2016 | -25.26 |
| 12451 JENSEN DRIVE | 1993 | $1,299,000 | 01-Jun-2018 | $1,388,000 | 20-May-2016 | -6.41 |
| 4431 COLCHESTER DRIVE | 1977 | $1,680,000 | 16-Jul-2019 | $1,800,000 | 26-Aug-2016 | -6.67 |
| 4380 GRANVILLE AVENUE | 1959 | $1,588,000 | 18-Jul-2019 | $1,600,000 | 27-Nov-2018 | -0.75 |
| 3600 STEVESTON HIGHWAY | 2019 | $1,788,000 | 07-Feb-2018 | $1,890,000 | 14-Dec-2017 | -5.40 |
| 8251 CLAYSMITH ROAD | 2008 | $3,988,000 | 01-May-2018 | $4,076,000 | 15-Sep-2016 | -2.16 |
| 7431 SCHAEFER AVENUE | 1975 | $1,899,000 | 28-Dec-2018 | $2,230,000 | 25-Apr-2016 | -14.84 |
| 17180 FEDORUK ROAD | 1973 | $1,399,900 | 06-Aug-2019 | $1,400,000 | 19-Jun-2019 | -0.01 |
| 7200 BELAIR DRIVE | 1995 | $1,998,000 | 10-Sep-2018 | $2,600,000 | 01-Sep-2016 | -23.15 |
| 6180 TASEKO CRESCENT | 1964 | $1,600,000 | 20-Aug-2019 | $1,790,000 | 19-May-2017 | -10.61 |
Burnaby
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 6549 PORTLAND STREET | 1950 | $1,399,000 | 08-Aug-2016 | $1,475,000 | 20-Mar-2016 | -5.15 |
| 6210 BUCKINGHAM DRIVE | 1967 | $2,658,000 | 23-May-2018 | $3,110,000 | 26-Apr-2016 | -14.53 |
| 5958 SPROTT STREET | 1956 | $1,298,000 | 31-May-2018 | $1,485,000 | 16-May-2017 | -12.59 |
| 4062 VENABLES STREET | 1976 | $1,559,000 | 14-Jul-2017 | $1,675,000 | 26-Apr-2016 | -6.93 |
West Vancouver
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 4645 CAULFEILD DRIVE | 1966 | $2,290,000 | 29-May-2019 | $2,600,000 | 17-May-2017 | -11.92 |
| 2585 WESTHILL WAY | 1991 | $4,628,000 | 11-Oct-2017 | $4,800,000 | 01-Apr-2016 | -3.58 |
| 1995 JEFFERSON AVENUE | 1976 | $2,780,000 | 22-Oct-2018 | $2,800,000 | 17-Aug-2017 | -0.71 |
| 684 SOUTHBOROUGH DRIVE | 1954 | $5,088,000 | 15-Jan-2018 | $5,100,000 | 02-Feb-2016 | -0.24 |
| 1576 ERRIGAL PLACE | 1994 | $5,880,000 | 18-Jan-2019 | $6,500,000 | 16-May-2016 | -9.54 |
| 570 ST. ANDREWS PLACE | 1970 | $2,398,000 | 02-Apr-2019 | $3,004,000 | 22-Nov-2017 | -20.17 |
| 4798 WOODLEY DRIVE | 1989 | $2,488,000 | 12-Mar-2018 | $2,868,000 | 20-Apr-2016 | -13.25 |
| 2195 PALMERSTON AVENUE | 2011 | $5,990,000 | 29-Jun-2018 | $6,100,000 | 04-Apr-2018 | -1.80 |
| 2450 MATHERS AVENUE | 2015 | $4,180,000 | 05-Sep-2018 | $4,258,000 | 05-Feb-2016 | -1.83 |
| 727 PARKSIDE ROAD | 1954 | $4,498,000 | 27-Jul-2016 | $4,950,000 | 16-Feb-2016 | -9.13 |
| 775 KING GEORGES WAY | 1958 | $6,990,000 | 18-Oct-2016 | $7,000,000 | 18-Feb-2016 | -0.14 |
| 915 GROVELAND DRIVE | 2009 | $6,999,000 | 06-Aug-2019 | $7,080,000 | 09-Mar-2019 | -1.14 |
| 1080 EYREMOUNT DRIVE | 2008 | $3,998,800 | 10-Apr-2018 | $4,708,000 | 09-Jun-2016 | -15.06 |
| 1721 27TH STREET | 1987 | $3,198,000 | 07-Aug-2019 | $3,380,000 | 24-Sep-2016 | -5.38 |
| 735 SOUTHBOROUGH DRIVE | 2017 | $6,880,000 | 30-Nov-2018 | $6,980,000 | 26-Jun-2017 | -1.43 |
| 450 MACBETH CRESCENT | 1953 | $1,998,000 | 21-Jan-2019 | $2,580,000 | 28-Mar-2016 | -22.56 |
New Westminster
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 1519 NANAIMO STREET | 1913 | $1,199,000 | 10-Jun-2019 | $1,250,000 | 12-Sep-2017 | -4.08 |
| 819 MILTON STREET | 1901 | $1,099,000 | 07-Feb-2019 | $1,100,000 | 11-Feb-2016 | -0.09 |
| 413 FOURTH STREET | 1895 | $1,599,000 | 27-Nov-2018 | $1,650,000 | 18-Apr-2016 | -3.09 |
| 1428 TENTH AVENUE | 1926 | $988,000 | 27-Jul-2016 | $1,056,000 | 15-Mar-2016 | -6.44 |
North Vancouver
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 2058 WESTVIEW DRIVE | 2003 | $1,269,900 | 06-Jun-2019 | $1,350,000 | 25-Mar-2017 | -5.93 |
| 1210 SHAVINGTON STREET | 1965 | $1,349,000 | 24-Oct-2018 | $1,480,000 | 30-Mar-2016 | -8.85 |
| 709 E 6TH STREET | 1921 | $1,638,000 | 10-Jun-2019 | $1,730,000 | 21-Aug-2017 | -5.32 |
| 4517 PROSPECT ROAD | 1966 | $2,050,000 | 11-Mar-2019 | $2,080,000 | 14-Oct-2016 | -1.44 |
| 617 E 22ND STREET | 1967 | $1,849,000 | 06-Feb-2019 | $2,049,000 | 10-May-2017 | -9.76 |
| 2590 LAURALYNN DRIVE | 1958 | $1,160,000 | 01-Oct-2018 | $1,195,000 | 07-Aug-2016 | -2.93 |
| 665 BEACHVIEW DRIVE | 1958 | $2,299,000 | 23-Apr-2018 | $2,780,000 | 31-May-2016 | -17.30 |
| 411 MONTROYAL BOULEVARD | 1964 | $1,780,000 | 11-Apr-2017 | $1,875,000 | 28-Feb-2016 | -5.07 |
| 112 W ROCKLAND ROAD | 1958 | $2,098,000 | 07-Jul-2017 | $2,280,000 | 12-Apr-2016 | -7.98 |
Delta
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 4875 62 STREET | 1991 | $1,099,900 | 30-Apr-2019 | $1,100,000 | 30-Jan-2017 | -0.01 |
| 767 GLENWOOD DRIVE | 1973 | $2,650,000 | 17-Jun-2019 | $3,300,000 | 03-Oct-2016 | -19.70 |
| 5301 4A AVENUE | 1972 | $1,389,000 | 01-Sep-2018 | $1,572,000 | 16-May-2016 | -11.64 |
| 11721 79A AVENUE | 1966 | $1,099,800 | 09-Sep-2016 | $1,140,000 | 04-Jun-2016 | -3.53 |
| 5257 BELAIR CRESCENT | 1969 | $998,000 | 16-Oct-2017 | $1,080,000 | 02-Jun-2016 | -7.59 |
| 5314 10A AVENUE | 1961 | $1,239,000 | 11-Oct-2018 | $1,338,000 | 25-Apr-2017 | -7.40 |
| 8061 WILTSHIRE PLACE | 1973 | $835,000 | 02-Apr-2019 | $958,000 | 11-Sep-2017 | -12.84 |
| 43 67 STREET | 2005 | $2,198,800 | 12-Jun-2017 | $2,650,000 | 02-Jul-2016 | -17.03 |
| 5268 CLIPPER PLACE | 1994 | $1,099,000 | 12-Aug-2019 | $1,180,000 | 30-Apr-2017 | -6.86 |
| 1542 KIRKWOOD ROAD | 1967 | $1,199,000 | 14-Aug-2019 | $1,220,000 | 02-Apr-2017 | -1.72 |
Surrey
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 2929 139A STREET | 1995 | $1,950,000 | 29-May-2019 | $2,008,000 | 27-Apr-2017 | -2.89 |
| 16248 25 AVENUE | 2010 | $1,568,000 | 24-Apr-2017 | $1,625,000 | 05-May-2016 | -3.51 |
| 15649 33A AVENUE | 2002 | $1,399,000 | 02-Jan-2019 | $1,495,000 | 04-Nov-2016 | -6.42 |
| 12263 24 AVENUE | 9999 | $949,000 | 27-Jun-2019 | $1,200,000 | 26-Feb-2018 | -20.92 |
| 1710 143B STREET | 1982 | $1,088,000 | 03-Jul-2018 | $1,150,000 | 18-Mar-2016 | -5.39 |
| 18066 64A AVENUE | 1989 | $1,150,000 | 06-Nov-2017 | $1,175,000 | 21-Jun-2017 | -2.13 |
| 17358 1A AVENUE | 2011 | $1,098,000 | 22-Jul-2019 | $1,150,000 | 10-Apr-2017 | -4.52 |
| 11956 98 AVENUE | 1998 | $1,149,000 | 08-Jan-2019 | $1,150,000 | 17-Sep-2017 | -0.09 |
| 18460 74 AVENUE | 1955 | $939,000 | 06-Aug-2019 | $940,000 | 24-May-2017 | -0.11 |
| 13281 AMBLE GREENE PLACE | 1985 | $1,488,000 | 01-Nov-2017 | $1,570,000 | 24-Jul-2017 | -5.22 |
| 17023 57 AVENUE | 2017 | $1,549,000 | 13-Sep-2017 | $1,561,000 | 04-Jun-2017 | -0.77 |
| 2794 COUNTRY WOODS DRIVE | 1984 | $1,790,000 | 11-Feb-2019 | $1,838,000 | 17-May-2016 | -2.61 |
| 14393 32B AVENUE | 1993 | $1,595,000 | 06-Mar-2017 | $1,850,000 | 01-Jul-2016 | -13.78 |
Port Moody
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|
Port Coquitlam
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 4088 COAST MERIDIAN ROAD | 2017 | $1,049,000 | 15-Sep-2018 | $1,209,520 | 20-Apr-2017 | -13.27 |
| 1602 WESTMINSTER AVENUE | 1972 | $999,888 | 26-Sep-2018 | $1,037,000 | 28-May-2017 | -3.58 |
| 2269 CENTRAL AVENUE | 1974 | $959,000 | 09-Aug-2019 | $1,000,000 | 18-Jun-2018 | -4.10 |
Pitt Meadows
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|
Langley
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 20530 96B AVENUE | 1991 | $1,020,000 | 21-Jan-2019 | $1,160,000 | 22-Oct-2017 | -12.07 |
| 2530 WILDING COURT | 1981 | $739,900 | 10-Apr-2019 | $745,000 | 08-May-2017 | -0.68 |
Maple Ridge
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 22925 REID AVENUE | 1988 | $699,900 | 11-Mar-2019 | $710,000 | 28-Jun-2016 | -1.42 |
| 11220 243 STREET | 2016 | $864,900 | 18-Oct-2018 | $933,900 | 25-Jun-2017 | -7.39 |
| 24279 112 AVENUE | 2018 | $940,000 | 31-Jan-2019 | $970,000 | 14-Mar-2018 | -3.09 |
| 10980 CARMICHAEL STREET | 2017 | $1,574,900 | 08-Oct-2018 | $1,680,000 | 23-Nov-2017 | -6.26 |
| 20208 116B AVENUE | 1988 | $649,900 | 24-Jul-2019 | $650,000 | 17-Jul-2017 | -0.02 |
| 11276 243A STREET | 2017 | $974,900 | 05-Jun-2019 | $1,000,000 | 21-Jul-2017 | -2.51 |
Anmore
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 12 3295 SUNNYSIDE ROAD | 2015 | $999,000 | 13-Mar-2018 | $1,070,000 | 03-Apr-2017 | -6.64 |
Belcarra
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 4535 BELCARRA BAY ROAD | 1978 | $5,790,000 | 01-Feb-2019 | $5,800,000 | 10-Jun-2016 | -0.17 |
White Rock
| Address | Year Built | List Price | List Date | Bought Price | Bought Date | Profit/Loss % |
|---|---|---|---|---|---|---|
| 15515 COLUMBIA AVENUE | 1987 | $1,688,890 | 03-Dec-2018 | $1,750,000 | 21-Sep-2016 | -3.49 |
| 14068 COLDICUTT AVENUE | 2013 | $2,688,890 | 14-May-2017 | $2,700,000 | 21-Feb-2016 | -0.41 |
| 14918 BUENA VISTA AVENUE | 1922 | $1,130,000 | 19-Jul-2019 | $1,183,000 | 16-Mar-2017 | -4.48 |