This is how much the average price of a GTA home is expected to drop next year

A sold sign is shown in front of west-end Toronto homes Sunday, May 14, 2017. THE CANADIAN PRESS/Graeme Roy 
A sold sign is shown in front of west-end Toronto homes Sunday, May 14, 2017. THE CANADIAN PRESS/Graeme Roy

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OPINION | Selling a home? How to know if you qualify for a capital gains exemption

When selling a home, Canadians may be exempted from paying capital gains tax on a residential property -- if it's their principal residence. On CTVNews.ca, personal finance contributor Christopher Liew explains what's determined as a principal residence, and what properties are eligible for the exemption.