This is normally done via a &quot;Homestead&quot; tax exemption, where if your vacation home is assessed at $100K, you get taxed on all $100K, but if you live on it, you only get taxed on $100,000-N, where N is the exemption. This is meant to encourage owners occupying their homes, which is a great thing. I don&#x27;t know if they have it in Vancouver.<p>In California, the exemption is a measly $7000. Which is essentially nothing, given home prices in the Bay Area. What they need to do is increase that number 10-20X or make it a percentage of the home&#x27;s value. This would greatly help solve the problem of foreign &quot;investors&quot; buying up all the housing, leaving it vacant, and essentially just treating homes like bars of gold in a safe.<p>And don&#x27;t even get me started on Prop 13, which is essentially mechanism to transfer wealth from younger, newer residents to older residents.