Melody Ma: $30M take from empty-homes tax is mark of failure

The City of Vancouver announced a projected revenue of $30 million from the empty-homes tax (EHT) from a total of 2,300 homes. Politicians, political staffers and political parties are congratulating themselves that critics got it wrong that the tax won’t work and that the amount collected is evidence that the EHT is “extremely successful.”
Putting aside criticisms on how much $30 million will achieve in this real-estate climate, whether the tax is too high or low and whether t