Does BRRR work in Canada?

[Yue ChunKit]

Hi BP Calgary and Edmonton members,

I am a new member and really curious to learn some real life examples that people successfully pull this off.  

It would be great if some real numbers are shared. 

Will the property appreciate? not just a value quoted on MLS. Something that the gov (property tax assessment) or bank will quote b/w after renovation. It is kinda of important as it will impact the refinance value (net investment).

Thank you all!