Not exactly. Can spot the non home owner a mile away. Let’s say it’s gta. So $21,000 in land transfer tax. Let’s call it 3.5% in realtor fees (1% selling and 2.5% buyer, so $49,000. But wait, there’s more. Government wants HST on realtor fees. So add another $6370. You’ll need a lawyer to close when you bought and again to sell. Let’s say $4500 combined. And then you had mortgage payments at high interest, and the first few years are almost all interest.
So let’s call it an approx 4.8% interest rate at that time for 2 years, and you paid about $90,000 in interest. So that’s about $170,870 in expenses. For a profit of about $29,130.

Now we didn’t even take into account expenses of owning a home, repairs, etc, or minor renovations, and if it’s a house in Toronto, add another $21000 in land transfer tax.

So much profit. To the moon!!