Advice on real estate situation
My parents bought a place in late 90s for say around 125k when I was a teen. Fast forward 2003 ish they decided to change title to myself and my sister I was still living there they probably put a sale price at 200k. 2006 my sister moves out and 2010 comes along and I buy my own house move out. Parents house probably worth say 420k in 2010. They are listed as renters from oas and likely missing out on grants to fix their house which sucks. But now they are thinking of downsizing. What happens when we sell in terms of tax since I have my own primary residence. Place might be worth about 430 now. Switch house title back to them first for some time? Should I ask an accountant or lawyer for consulting?