How to Be a Successful Fix and Flipper in 2025 and 2026

The Canadian real estate market continues to evolve, and for many investors, fix and flip projects remain one of the fastest ways to generate short-term profit. But while flipping homes can be highly rewarding, it’s also one of the riskiest strategies if not executed properly.

To shed light on what it takes to succeed in 2025 and 2026, I spoke with Ryan Day, Head of Business Development for Calvert Home Mortgage, a private lending institution that has specialized in short-term financing for investors for over 50 years. Day shared practical advice, common mistakes to avoid, and real-world success stories that highlight how to flip properties profitably while mitigating risk.

Tip #1: Timing Is Everything

Day explained that the fall and winter months are often the best times for investors to buy.

“This is when experienced flippers are purchasing,” he said. “The market softens, you can find great deals, and then you have the entire winter to complete renovations. By spring, when demand surges, you’re perfectly positioned to list and attract multiple offers.”

Strategic timing ensures that investors not only buy at a discount but also sell into the most favorable market conditions.

Tip #2: Use Financing Designed for Flippers

Traditional banks are often reluctant to finance flips. According to Day, this is where specialized lenders can make all the difference.

“If you bring a flip to a bank, there’s a high probability they won’t provide a mortgage,” he said. “We fund deals in as little as 48 hours, we don’t require appraisals on properties under $1.5 million, and we only use one lawyer to save investors time and money.”

Fast, flexible financing is critical for investors competing for off-market opportunities or time-sensitive deals.

Tip #3: Make Money on the Buy

One of the strongest patterns Day sees is that successful flippers profit before they even start renovations.

“If you can buy below market value, you’re building in a buffer for success,” he explained. “That buffer protects you against unexpected costs and market shifts. It’s far better than trying to squeeze every dollar out of the renovation budget.”

Tip #4: Avoid Rural Markets

Not all deals are created equal. Day cautioned investors to be wary of flips in small towns.

“We require a minimum population of 10,000,” he said. “Rural properties are the first to drop in value when markets turn. In some cases, we’ve seen prices fall by 40% in small communities. That can wipe out your profit entirely.”

While the numbers may look attractive, lower demand and volatility make rural flips significantly riskier than projects in major centers.

Tip #5: Know Your Limits

Day also stressed the importance of being realistic about your own capacity.

“We’ve had clients start by doing everything themselves and quickly realize they’re burning out,” he noted. “One investor pivoted, hired a project manager halfway through, and still cleared $60,000 profit in under six months. Recognizing when to outsource can save you from costly delays.”

Managing a flip isn’t just about construction, it’s about managing your time, energy, and financial resources effectively.

Tip #6: Work With Lenders Who Set You Up for Success

Calvert takes pride in only funding deals that are set up for long-term investor success.

“We approve about 30% of applications,” Day said. “If the numbers don’t make sense or the client is overleveraged, we decline it. That’s not to be difficult, it’s to protect investors from deals that could sink them.”

By focusing on sustainable projects and responsible financing, Day says investors are better positioned to build momentum and scale their flipping business safely.

Wayne Hillier's Thoughts

With the right timing, smart financing, and disciplined execution, 2025 and 2026 could be excellent years for Canadian fix and flip investors. But as Ryan from Calvert makes clear, the difference between success and failure often comes down to preparation and strategy.

“Flipping can be one of the riskiest investment strategies,” he concluded. “But if you buy right, stick to your numbers, and align yourself with the right partners, you can turn properties into significant profit.”

Wayne Hillier - Alberta Real Estate Investing Expert

About the Author

Wayne Hillier is one of Canada’s trusted experts in real estate investing education, specializing in Alberta’s thriving markets. Based in Edmonton, Wayne has over a decade of experience building a high-performing rental portfolio and coaching investors to achieve strong cash flow, sustainable wealth, and creative financing success. As co-founder of Real Estate Investing Masters, Wayne is a respected real estate investing coach and mentor, dedicated to helping Canadian investors confidently scale their portfolios. He is also the host of The Real Estate Investing Morning Show, Canada’s #1 daily podcast.