Question: John was single when he first bought his house in Edmonton in 1 9 9 4 for $ 1 1 0 , 0 0 0

John was single when he first bought his house in Edmonton in 1994 for $110,000. In 2005, he married Olivia, and in 2008, they purchased a ski chalet in the mountains for $120,000. At that time, John also had his house appraised and it was valued at $260,000. In 2021, they sold both properties and moved to Ontario so that Olivia could be close to her ailing mother. They received $280,000 for the house and $310,000 for the ski chalet. Which of the following statements is true?
They must claim the house as their principal residence from 1994 to 2021 because it was their principal home.
John should claim the house as his principal residence, while Olivia claims the ski chalet as her principal residence.
They should claim the house as their principal residence from 1994 until 2008, and the ski chalet from 2009 to 2021.
They should claim the house as their principal residence from 1994 until 2020, and the ski chalet for 2021

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