Toronto Housing & Land Value Tax Meetup with Eric Lombardi

📅 Wed April 8th, 2026
📍 Electric Mind, 200 Adelaide St W (Maps)

RSVP

Eric Lombardi stands at the forefront of urban development and advocacy as the founder and former president of More Neighbours Toronto, a volunteer organization committed to ending the housing crisis. He is also the Chair of Build Toronto and a frequent contributor to The Hub. Eric is currently exploring a run for the Ontario Liberal Party Leadership. Professionally, he specializes in strategy management consulting in the finance and technology sectors.

Hosted by Common Wealth Canada in partnership with the Henry George Foundation of Canada, with special thanks to our venue host Electric Mind.

Agenda

6:30 • Meet & Mingle
7:00 • Opening Remarks from Ken Yang
7:10 • Eric Lombardi
7:30 • Q&A
8:00 • Meet & Mingle

What is land value tax?

Land Value Tax (LVT) is a levy on the value of land itself — not the buildings or improvements on it. Unlike taxes on income or buildings, which discourage productivity, LVT doesn’t penalize work or productive investments. Instead, it encourages efficient land use and development over idle speculation. That’s why economists often call it “the perfect tax”.

How can LVT benefit the housing market and overall economy?

By shifting taxes onto land, away from income or buildings, LVT realigns incentives in our economy to:

  • help make housing more affordable

  • discourage anti-productive speculation

  • promote sustainable, efficient development

  • address inequality and stagnant productivity

Because land value comes from the community — through public investments, services, and growth around it — LVT ensures that this publicly created wealth is returned to the community, building a fairer economy for all.

Research by Common Wealth Canada estimates that an LVT capturing 0.8% of BC’s land value could generate enough revenue to replace all municipal and provincial property taxes, property transfer taxes, and the speculation & vacancy tax (SVT). Read more at commonwealth.ca/bc-lvt.