Excerpts from CBC news, 6 July 2010 –
Harpreet Bajwa: “We bought it approximately for 580”
$580,000 for this house in South Vancouver. Harpreet Bajwa bought it 11 weeks ago, did some renovations, and now he’s flipping it. This weekend his real estate agent is listing it for $729,000, hoping for a bidding war.
It worked for him before when he flipped this place 6 months ago.
When this house first went on the market back in December  there were 50 families through in the first and only open house. There were five multiple offers. That was then. Last month sales in Vancouver plummeted 30% compared to a year ago.
Harpreet Bajwa remains optimistic.
Mr. Bajwa: “The up and downs do come in life, but, generally, it will go up.”
Interviewer: “You can sleep at night okay?”
Mr. Bajwa: “I can sleep at night okay” (laughter).
That’s a good thing. He’s invested in two other houses.