If you own more than one property in the GTA, the tax bill on a sale can run into six figures. The rules around capital gains and the principal residence exemption (PRE) are some of the most misunderstood in Canadian real estate. Here is what actually applies in 2026. This is general information, not tax advice. Always confirm with a CPA before you sell. The short version If a property has been your home every year you owned it, you pay zero tax on the sale, but you still have to... [read more]