[whatnext]

Looks like misher's premise has been proven even less true:

The B.C. government is on track to net an additional $450 million in surplus for 2018-2019, despite falling property transfer tax revenue from a slightly moderating housing market.

In the government’s first quarterly report for the 2018-2019 budget, Finance Minister Carole James said economic indicators for B.C. are positive and that measures like a real estate speculation tax are beginning to slightly moderate Vancouver’s over-heated housing market.

While spending was $1.2 billion higher than budgeted, revenue was also higher than expected, increasing $1.6 billion. About $1 billion of that increase is from income taxes...

https://biv.com/article/2018/09/bcs-surplus-higher-expected