capital gains exception - sell or keep

[Sam Alex]

Hi,

We are close to hitting the timeline for when the capital gains exception would end on our previous residence and are trying to decide whether to keep or sell. If you've considered this in the past what parameters were important to you in making your decision? I don't plan on holding this property beyond 3-5 years, does this kind of timeline make sense in relation to losing the capital gains exception? For some background - originally our sale fell thru' and we ended up renting we held onto the property as the rent covers the mortgage and the market has been trending up. The market is still trending up, but is it too much of a risk

to lose the capital gains tax break available today based just on speculating how the market will do in a couple of years? Also does anyone have suggestions on some good sources to look at for market trends? 

- Thanks