Do your research before selling a second home

Owning an investment property can provide useful income, while having a recreational property can provide a great place to spend time with family and friends.

But if you are thinking it's time to sell, some careful research is in order.

"There's a lot to consider when selling your investment property or a vacation home," said Laura Parsons, the Calgary-area manager for mortgage specialists with BMO Financial Group. "Do your homework."