My parents are in this very position, having bought a condo in Vancouver to live in part time. Their principle residence is in a small town in the BC interior. They're pretty upset about the tax, and it's not hard to see why.
They could declare the condo their principle residence, but then they would encounter complications regarding their vehicles, which are typically not used in the city. (They prefer transit, and trucks don't fit into condo parking spots well)
They aren't participating in property speculation and have owned the condo for around 5 years now.
So, I think they are a good example of innocent, well meaning actors who are being unfairly taxed by a law that is well-intentioned but not quite properly formulated.
They could declare the condo their principle residence, but then they would encounter complications regarding their vehicles, which are typically not used in the city. (They prefer transit, and trucks don't fit into condo parking spots well)
They aren't participating in property speculation and have owned the condo for around 5 years now.
So, I think they are a good example of innocent, well meaning actors who are being unfairly taxed by a law that is well-intentioned but not quite properly formulated.