Eric Lombardi
@EricDLombardi
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A thoughtful guy in fintech. Champion of progress. YIMBY @moreneighbours Toronto. Writes in @TheHubCanada @TorontoStar 🏳️🌈🇨🇦🌐🏗🏙
Toronto, Ontario
Joined November 2012
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Send us removal request.
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If you drive a *personal* vehicle with an 80L tank, please note that the point of the Carbon Tax is to deter your behavior specifically.
David, who is a radiologist, is not financially hurting, he is instead making choices fully aware of the consequences.
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Urban communities should not be built for suburban convenience.
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Canada may actually have a lower Real GDP Per Capita by the end of 2024 than in 2015.
Even though we nearly doubled the national debt.
And the cost of rent and housing has doubled.
Truly a lost decade for Canada. It’s not Covid. It’s failed political leadership!
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Can someone please explain to me how extending a trail by TWO KILOMETERS costs ONE HUNDRED AND FIFTY MILLION $$$ in Toronto.
We are getting absolutely fleeced.
$75K PER METER?!?!
There’s no way, even with bridges. We’re just budgeting for soft corruption at this point right?
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Won’t someone think about the landlords 🥲
Canadian university cities facing surprising rental market downturn
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Justin Trudeau has enormous restraint. I probably would have clocked him tbh.
Stop harassing politicians while they’re on vacation. Total lack of class.
Here’s a preview of what happened yesterday when
@TheRealKeean
and I caught up with Justin Trudeau.
It was WILD!
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ITT: Conservatives who care about personal responsibility until you ask them to be personally responsible
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Progressives need to find it in themselves to vilify the hoarders of land instead of the builders of housing.
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@MeChrisLeBlanc
Why would I be mad about you lighting your own money on fire? Sounds like a personal choice
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Toronto and Canada could literally have it all.
We have every reason to be the best place to live on earth.
All of our problems are solvable. Our advantages are numerous.
Don’t accept leadership that tells us we should aim for bronze.
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@TonyToniTone47
I’m not! I’m actually wondering why I should be responsible for subsidizing his gluttonous choices.
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You need to earn >$185k to afford the median home and >$130k to afford the median condo in Toronto.
3% of households have enough income to afford the MEDIAN home. 5% for Condos.
This is a GENERATIONAL TRAGEDY.
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FYI calling Poilievre “Alt-Right” when he isn’t is a great way to make many Canadians fully tune out criticism.
Conservatives exist. Most are not “Alt-Right”. In fact most are moderates.
Left is failing to understand why Canadians are moving away from them.
BREAKING: The end of the Liberals as the "natural governing party" begins in Toronto-St. Paul's. Tories win. The Alt -Right is taking over Canada. Question: What are we all going to do about it?
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Reminder: Canada is an enormously wealthy and resource abundant country, with a highly educated population tapped into global labour markets.
Our current economic predicaments, a housing crisis and stagnant growth, are a consequence of bad choices and not external factors.
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@blondebobje
Or, maybe don’t buy a giant gas guzzler if you don’t want to spend so much money on gas. Seems like a personal choice!
Not sure why I should be subsidizing that!
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Your regular reminder that urban planning in Toronto is really class planning.
Nothing about this is natural, ethical, sustainable, or healthy.
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Legalize these everywhere
What would you propose doing to bring down the cost of housing in Canada? 🏡
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The housing crisis and blame of boomers for social ills has nothing to do with their unwillingness to downsize and everything to do with the myriad of ways they pulled the ladder up behind them.
The generation remains in deep denial (w exceptions)!
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There is only one thing holding Canada back from being the best country on earth to live free and prosper.
The housing crisis.
It’s stealing our opportunities. It’s stealing our dreams. It’s stealing our future.
No issue is more important right now.
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Toronto needs to start automatically fining cars on king. What a joke of a situation.
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Looking at a project like the Jericho Lands in Vancouver, I start to wonder.
Toronto would never build a car-light neighbourhood like this if city hall has its way.
Maybe the best path forward for The Portlands and Downsview is to give that land back to Indigenous leadership?
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How much longer will older Canadians deny the harm they’ve done to the next generation?
In the latest World Happiness report, Canadians over 60 were measured as the 8th happiest globally.
Canadians under 30?
🚨58th🚨
Do our leaders realize how bad this is?
@MikePMoffatt
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The city of Toronto is interested in raising every tax other than property taxes.
Yesterday, alongside asking for the ability to increase to HST, they have also requested payroll taxes and income taxes.
All the while, property taxes are the LOWEST IN ONTARIO.
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Densification does not mean people should have less living space, it means people should take up less land.
They’re not the same.
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It’s okay to build transit above ground, and makes for a great experience for riders too.
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If we tear down the Gardiner, 20 years from now, literally nobody in Toronto will think about it AT ALL.
But if we build it, it will be a monument to the shortsighted stupidity of this era’s politics…
…and John Tory’s only visible “accomplishment” during his time in office.
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I cannot imagine why the fertility rate is collapsing in Canada.
We have an older generation (no, not you individually) who simply cannot accept the inconvenience of other people existing, who need housing and services, nearby.
STORY TOMORROW: Langley City council looks set to ban additional daycares in its downtown. New rules would treat daycares like tattoo parlors, banning new daycares from opening within 400 meters or other downtown facilities.
Subscribe to read tomorrow:
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I want to apologize for my statements yesterday, suggesting that Nazism is a form of Socialism.
I was wrong. I am sorry to those I hurt or offended.
1/3 👇
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Hey! Housing is unaffordable. Can we build more housing, tax it less, reform zoning and building codes, and make more land available? You know, reduce the cost?
@JustinTrudeau
: Have you considered more debt, for even longer?
If you have a longer-term mortgage, you can make smaller payments to start. That means you can buy your first home sooner.
Starting August 1, more first-time homebuyers will have that option.
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Yes this was an illustrative story.
- Toronto man built stairs for a park that needed them for $550 after city quoted $65k-$150k cost
- It really cost the city $10k but it took months
- The $550 stairs weren’t perfect but were simple and nice.
I think about this a lot. I remember the guy who built the staircase in Toronto that the city tore down and replaced with one that cost like 100x more and took months longer.
People will mobilize to solves crises if we let them. We put up barriers and wonder why things are slow.
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It will take years (a decade?) to put back together Canadas multi-decade, pre-2021 immigration consensus.
Cannot believe the result here.
This, by far, will be the worst legacy of this federal government long term.
"Closing Canada's borders to immigrants is..."
Good: 48%
Bad: 39%
Angus Reid / Sept 4, 2024 / n=1602 / Online
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The Ontario Line costs $1.7B/km, 5x more than similar sized Line 14 just completed in Paris.
But sure, we’re really being prudent with those infrastructure dollars.
Peter Bethlenfalvy: Ontario showing it's possible to build infrastructure and be fiscally prudent
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Toronto doesn’t realize it yet but this is what King and Queen St will look like 10 years from now 🥲
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A generation from now, people will think we are incredibly stupid for how much housing we are building right next to highways and major roads.
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@Richard_Florida
Ugh. Sometimes I wish I could just start a new political party in Ontario. Like the ‘Modern Ontario Party’, or MOP for short. Platform: to be inherently reasonable and economically literate.
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PSA: This is what many future Toronto suburbs look like if housing is affordable.
(It is not what near-downtown or major transit areas should look like)
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Private developers have never used pre-patterned housing before! That would be communism!
Could never imagine this in Toronto!
So private developers will be "encouraged" to use standardized government blueprints for housing. This was done after the war to quickly build houses for returning soldiers and the fact that the government is doing this in 2023 reeks of desperation. Standardized housing was a
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@Jimbocooter6969
@MeChrisLeBlanc
Those are business expenses that are fully tax deductible.
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Consulting from 1-3pm in the middle of the workweek will never get a democratically representative turnout from people who work/are not retired.
Restore property rights. People should be able to start and operate small retail businesses on their property in a free country.
The
#CityOfTO
is looking at ways to make it easier to open small businesses in residential neighbourhoods. Share your input by attending a virtual consultation event tomorrow from 1 to 3 p.m.
Learn more:
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Begging the Ontario PCs to focus on actual issues, like a generationally devastating housing crisis, or the fact that we can’t build infrastructure anymore.
Make this summer an Ontario-made summer!
Our new interactive map shows thousands of convenient options where you can still buy beer, wine, spirits and other drinks across the province. Check out a local brewery or winery for some fantastic Ontario-made products near you and
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PSA: The vast majority of condos are entry level housing, not luxury housing.
It as absolutely gobsmacking to me that older progressives have deluded themselves into believing otherwise.
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Toronto is a suburb with an urban downtown.
To end the housing crisis, Toronto must become a city.
Every neighbourhood must recognize its future has urban, not suburban character.
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Condo’s are basically my generations only hope for homeownership.
Most condos are not “Luxury” even if half-wits fall for marketing campaigns.
Houses, duplexes, townhomes, once housing for the middle class, have become luxury.
But the
@NDP
can’t wrap their minds around it.
Justin Trudeau says one thing but does the other.
I visited Edmonton Griesbach, where Justin Trudeau promised to build more affordable homes.
Instead, he's building luxury condos you can’t afford.
With his plan — developers get rich, you get gouged.
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2022 Property Taxes on a $1.5M Home by City
Toronto - $9,479
Vaughan - $10,241
Oakville - $10,948
Mississauga - $12,446
Brampton - $14,711
Pickering - $16,517
Waterloo - $16,976
Hamilton - $18,678
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Housing costs in Canada are incompatible with long term prosperity.
The cost of housing relative to income needs to be halved in this country.
It is the most important political and social objective right now, and will ensure every other political problem easier to solve.
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How does the
@globeandmail
let fly an article that gets some fundamental facts wrong.
Firstly, renters pay taxes.
Secondly, renters pay disproportionately more taxes, 82% more this year if they live in an apartment.
Toronto households pay the LOWEST TAXES IN THE GTA.
Toronto needs to stop squeezing its homeowners for tax revenue
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More than half of my classmates from Engineering at Waterloo are now in the states.
We lose far too much of our talent to the US. A huge factor is that wages relative to cost of living don’t make sense in Canada, even when compared to NYC/SF/Boston.
More than 40 per cent of Ontario post-secondary graduates are considering leaving the province due to the affordability crisis, according to a new survey that also suggests student debt continues to be a barrier to home ownership for many Ontarians.
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How to fix housing in Ontario, and the gov most responsible!
1) Reduce demand from immigration (Fed)
2) Cut taxes on new housing (Prov)
3) Liberalize land use (Prov)
4) Reform permitting (Prov)
5) Build more non-market and public housing (Prov)
It’s the Province!
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It amazes me that in the early 1970s Toronto has the audacity to build the largest freestanding structure in the world, right in the heart of downtown.
What happened to that culture?
Now our society won’t even let folks build houses, and the greatest vision on offer is a spa!
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There is nowhere in Canada allowed to build neighbourhoods like this (in practice).
And that should make us question a ton of how we do things here.
Thank god our paternalistic local governments and their benevolent zoning codes protect us from this horror.
I would hate to have the opportunity to live in a townhouse like what the Manhattan elite pay millions for.
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Canada’s painful stagnation in 4 charts.
We are more indebted, with worse infrastructure, working harder for less compensation.
Low unemployment, immigration, and nominal GDP growth hide the evidence, buts it’s there.
Via
@globeandmail
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Please stop creating regulations for things that don’t need regulations.
Widen pedestrian space. Execute projects for urban running rails (ie Don Trail) in reasonable time. Accept that living in urban places comes with an occasional nuisance!
Toronto residents are speaking out online and a petition has been launched to regulate the size of running groups along public sidewalks.
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Too much disposable income is now being spent on shelter, especially among those under 45.
Housing is now a vacuum stealing productive spending and reducing business/risk taking among the most productive generation. Stealing long term wealth (and dreams) along the way.
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It should be possible for most Canadians to be able to
- Move out by 25
- Be relatively confident in their career path by their late 20s
- Own their home and start a family (if they want one) in their early 30s
- Try entrepreneurship by their late 30s (If they want to)
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I cannot wait for this era of incompetent progressives and populist conservatives to be over.
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At precisely the moment the NDP could be ushering a generational call to action to mobilize the talents of blue collar union labour and working class entrepreneurs to build the housing Canadians need…
… this is what they offer instead.
Justin Trudeau says one thing but does the other.
I visited Edmonton Griesbach, where Justin Trudeau promised to build more affordable homes.
Instead, he's building luxury condos you can’t afford.
With his plan — developers get rich, you get gouged.
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The MOST PETTY proposal to end the housing crisis that would surely work:
End zoning rules in all neighbourhoods with average home values above $2M in Ontario
Raise the gates and hear me out 🧵👇
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Doug Ford didn’t get it done.
Blatant NIMBYism has ruled the day.
Ontario’s conservatives are not builders, they’re gatekeepers.
The housing crisis will ruin Ontario.
@fordnation
is telling young people to go move elsewhere. The Ontario dream is dead.
NEW: After lots of internal deliberations about fourplexes (four units as-of-right) province wide - Premier Doug Ford shuts down the effort.
Ford says that’s “off the table for us” largely because there would be push back from residents.
#onpoli
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My theory on fertility decreases:
It now takes until early 30s to be “established” in basically the entirety of the west, but was once mid-late 20s.
That 3-6 years in peak fertility years makes a huge difference. There are various reasons for this including 👇
We have a good idea of what drives the fertility transition from 5 to 1.8. But I don't think anyone has a great theory yet of the additional fertility collapse in rich nations over the last decade.
@lymanstoneky
, any ideas?
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We need to have conversations about building new “non sprawl” suburban neighbourhoods.
How we design so that fewer local trips are by car? How do we get good family-oriented architectural beauty? How do we connect them to existing areas/jobs via transport?
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The two governments in Canada most responsible for our national housing crisis are:
- Ontario (Provincial)
- British Columbia (Provincial)
Both of these governments talk big on taking actions yet have made no substantial changes at all.
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I don’t even support the capital gains changes but people on this site are trying to convince people that having 250K+ in gains on a second property (cottage) is just normal middle class stuff?
Just wondering what reality these folks live in.
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It wouldn’t be labour day weekend without Toronto’s biggest grumps complaining about the air show.
You live in a city. Cities have events and festivals. Occasional inconveniences often mean joy for many.
Planes are cool!
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I am a (small L) liberal. I believe strongly in the primacy of economic and social rights for individuals.
In attempt to make an argument on economic organization, I lost the plot and failed my responsibility to represent
@MoreNeighbours
values. (3/3). For this, I apologize!
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No country, nor political party, has sabotaged its economy or prosperity quite like the Federal Liberals and their reckless temporary immigration policies.
And yet they move inexplicably slow to fix a problem of their own creation. It’s totally bizarre.
“Despite Canada achieving the third highest level of GDP growth among G7 nations in 2023 (thanks to population growth), its per capita growth was the worst of any country, declining by 1.7 percent.
Likewise, in 2024, GDP is projected to grow 1.3 percent, but GDP per capita is
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This remains the dumbest fact about Canada. There should be precisely 0 barriers to trade or mobility (ie credentials) between provinces.
@LocalmanYVR
@EricDLombardi
why do we even have internal trade barriers, that's insane to begin with
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I really try to avoid only tweeting about housing, but my god, it’s so frustrating.
It should not be this way. But almost all my friends plan to leave the GTA in the next 5 years.
Not because they don’t love Toronto. But because at some point, you have to move on with life.
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I have had conversations and understand the political context of the time, in which Nazi’s leveraged socialist language to astro-turf worker rights and culture championed by Socialists in Weimar Republic, while simultaneously suppressing & killing actual socialist organizers. 2/3
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If you want to know why the Ontario Line costs $1.5B per km, it’s this. We are incapable of seeing the soft corruption that counts as business-as-usual in our public institutions, particularly in infrastructure procurement.
americans should travel abroad to see the kind of infrastructure that’s actually possible if the primary job of politicians isn’t snowing and thieving from the population
america afflicted with an outstanding resource curse. but instead of being only wealthy in oil and minerals,
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I am begging Toronto to consider having just a HANDFUL of car-free streets.
Augusta in kensington is probably the most obvious example of where one should be created.
The City is proposing changes to the design of several streets in Kensington Market, including Augusta St, Kensington Ave, St. Andrew St, and sections of Baldwin St and Nassau St, with the goal of improving safety and making the area more pedestrian-friendly. (1/3)
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I’m totally dumbfounded at this cost.
Our society will not be nice to live in if it costs this much to build things.
We are far too slow to acknowledge how horribly wrong permitting and public procurement process have become. Madness.
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Paris (France) built a 16km half above, half below ground rapid metro with 85sec headways for less than $5B CAD in 6 years.
Toronto is building a 16km metro, half above half below, for $27B over 10 years.
The difference should be unacceptable.
1/4
Line 14 extension just opened today in Paris!
➡️ 15.7 km / 9.8 miles
➡️ 8 new stations
➡️ 1 million passengers/day
➡️ Fully driverless trains with frequencies up to 85 seconds
➡️ 6 years of construction
➡️ Cost: €2.8 billion (€178M per km) / $3.0 billion (no cost overrun)
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Basically impossible to sugar coat this. You can sprinkle “economic inclusivity” and buzzwords all you want.
The last decade has delivered lower living standards for Canadians, the future gone from optimistic to bleak, especially for young people not born to affluence.
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This is what needs to happen in Canada too.
It’s time to legalize small businesses in neighbourhoods, and free aspiring entrepreneurs from the burdens of commercial landlords.
they were right, this did sound wild to me.
the sf planning commission is a cancer
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In 2019, the New Zealand’s federal government took action to seriously liberalize zoning laws in major cities.
Not to do it in theory, they made the math work. And despite “Labour Crises”, starts have boomed even as prices and rents have begun to fall.
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Toronto NIMBYs: Why do young people want to live in Toronto, why can’t they just move to Cochrane and work in mines.
🤡
@Aequalatus
@EricDLombardi
Of course, YIMBYs could also choose to go to Cochrane, Ontario, where they are offering housing plots for $10 to attract workers into the booming battery mineral mining sector, but instead, they want to live in Downtown Toronto where the condo price is $1,900 sq/ft.
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Since the Federal Liberals can’t seem to understand.
Canadians aren’t “Scapegoating” immigrants.
Canadians are blaming the Liberal Federal government for breaking the immigration system, transforming it into a tool to exploit international students and temporary immigrants.
There are no simple answers to the immigration and housing question | CBC News
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Every single one of these policies was pursued by politicians to fake taking action on housing.
There’s been a barrage of policy changes over the past eight years. Yet housing affordability remains illusive.
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4 stories. 6 units. Legal everywhere in Toronto.
6 stories. 10 units. Legal by right within one km of a rapid transit station.
First 10 units of every new build exempted from DCs.
Let’s end the housing crisis.
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In my conversations with suburban friends/family who don’t like the city, these things always come up:
- Not enough trees/green space
- Too much traffic
- Dirtier streets that don’t feel safe
- Visible homelessness
These are policy failures, not inevitable traits of cities.
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Damn NDP rolling out the left-NIMBY strategy.
Decided to listen to people who have mostly been getting the root causes of housing wrong for decades.
Totally unserious nonsense.
Who's messed up on housing more? Justin Trudeau or Pierre Poilievre?
Both lost hundreds of thousands of affordable homes that went to developers.
Both have deep ties to rich real estate investors.
Neither can be trusted to fix this mess they've created.
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The Toronto Islands as they are today are man made, just like the Portlands and Tommy Thompson park.
They are not “Natural”. We are living in a society our ancestors built for us, but refuse to build anything great for our children.
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The Bridle Path should be rezoned into an apartment neighbourhood. I’m serious.
Given the lot sizes and space, we should really build an LRT through High Point road and let TOD happen all around it.
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Many of the challenges Ontario is facing today are a result of poor provincial governance.
Lots of reasons to be angry at the Feds, particularly on Immigration.
But that doesn’t fix what’s broken in Health Care, Housing, Transportation, or Education etc.
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“How do we make multifamily living in neighbourhoods great for residents and families?”
Is a way more important policy question than:
“How do we minimize the impact of multifamily housing in neighborhoods on existing residents in single family homes?”
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It is crazy af that boomers call this “Stalinist” housing when we literally built it during the peak of the Cold War to demonstrate liberal democracies could deliver rising living standards for working classes better than communism.
It *mostly* worked!
@pothen
Ah, the joys of Stalinist Crescent Town and Main Square that you want to impose on the side streets of all neighbourhoods where you don’t live:
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I’m 28. More than half of my friends from growing up have moved out of province.
70%+ of my friends/classmates from Waterloo moved away too.
Willing to bet half of my friends remaining here eventually move (within 5 years).
For too many, there is no future here anymore.
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Canada doesn’t have free trade between provinces, and we act like that’s not crazy.
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Despite some select images of Toronto Pride being shared by the alt-right.
Millions of people come to enjoy a celebration of love and perseverance.
As a Gay man, I know there is not a better place on earth for me to thrive in true freedom.
Happy Canada Day 🇨🇦
Happy Pride 🌈
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If you take away the iconic view, it’s actually embarrassing how little care we show for our parks like Riverdale.
Just neglect.
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It’s worth noting how undemocratic all of this is. A landlord complains to a councillor and suddenly dog walkers are banned?
Even though they’re hired to walk other dogs in the neighbourhood? You live next to a dog park. There will be occasional barking. Sheesh!
'This is our livelihood': Commercial dog walkers banned from Toronto park
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Mississauga is opposing this mixed-used development in a commercial plaza.
“We know where density and intensification is appropriate and it’s not in that plaza,”
@BonnieCrombie
said.
If not here then where? This project is hardly offensive!
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Canada is a New-World Secular Liberal Democracy.
Free, cosmopolitan, diverse, and (ideally) beyond the old world enthnoreligious obsessions.
Do not let “European Christian” aka Neonazis fool you.
Canada is not Sikh
Canada is not Muslim
Canada is not Hindu
Canada is not Buddhist
We are a Christian European nation. Accept it or go home.
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When your normal friends get you a missing middle cake for your bday but all your YIMBY friends are like “It’s not tall enough 😤”
Smh you can never win.
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Happy New Year 🥳🥂
In 2024, we should resolve to end the housing crisis. If we do, things could change much faster than people think (ie by 2030)
But, that means we have to have a few awkward conversations.
Here is how we end the crisis in TO, ON, and 🇨🇦 in 2024! (1/n) 👇
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Do drivers realize that designing neighbourhoods where fewer people feel the need to drive everywhere will improve traffic for them?
15 minute city advocates aren’t trying to ban cars. We’re just trying to make walking, biking, and transit realistic options too.
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I’m begging governments to stop “investing” by distributing subsidies willy-nilly, and instead change the tax code to incentivize more private investment (without subsidy).
The results are likely to be better for us.
Conservatives won’t invest in Canadian industries. They don’t think we can build big things here.
Well, we believe in Canadian workers. And so do companies like Goodyear, Honda, and General Motors.
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Most Canadians feel like they already pay a lot of taxes and see government flagrantly wasting a lot of money on inefficient execution.
Incredibly hard to convince people that government should do more via higher taxes amid ever-worsening outcomes for existing responsibilities.
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