Rayyan sold his existing home and his cottage during the year and moved into condominium . His home was purchased in 2005 at a cost of $ 85,000 . He sold it in May 2021 for proceeds of $ 250,000 . He paid a real estate co mission of $ 12,000 on this sale His cottage was purchased in 2006 at a cost of $ 120,000 . He sold it in September 2021 for proceeds of $ 320,000 . He paid a real estate commission of $ 10,000 on this sale . He did not own any other residences during the relevant years and , thus , has not previously designated any of the relevant years for purposes of the principal residence exemption . Required : Find the total taxable capital gains from these transactions at the end of 2021 .