NLT Gentrification Tax

Parkdale Neighbourhood Land Trust launches Gentrification Tax campaign with first donation of $20,000.

University of Toronto Human Geography professor Michelle Buckley is the first voluntary payer of the Gentrification Tax, with a donation of $20,000.
Buckley states, “I paid the Gentrification Tax because homeowners benefit – not only from what they invest in repairs and improvements – but also from the neighbourhood that surrounds them. I want to live in an
inclusive and equitable neighbourhood. I believe the wealth created through the sale of real estate should benefit the local community.”

Michelle Buckley’s payment of a voluntary Gentrification Tax to the Neighbourhood Land Trust will serve as the initial down payment for the creation of deeply affordable housing, unlocking further funding from government sources.

The pilot Gentrification Tax aims to staunch the predatory extraction of value from the Parkdale community by the real estate market. Toronto based art and architecture collective, GTA (Gentrification Tax Action) is collaborating with the respected housing activist organization
Parkdale Neighborhood Land Trust to launch this pilot project.

The group Gentrification Tax Action writes: “ Toronto needs a Gentrification Tax to:

• raise money to create locally managed accessible housing,

• reduce local rents by increasing the supply of rental units,

• stop the displacement of low-income people,

• restrict housing speculation, and,

• stop individuals from removing collective wealth from their neighbourhood.”

Gentrification Tax Action notes that the average freehold townhome bought in Toronto in November of 2014 for $631,019 could be sold in 2020 for $1,099,454, an above inflation increase of $409,528 in six years!

The group asks, “How much of this windfall should stay in the community?” If you have sold or plan to sell a property, you can join Michelle Buckley to address gentrification by donating a share of the increase in the value of your house to the Neighbourhood Land Trust!

Donations are tax deductible, repositioning tax dollars to build accessible housing in Parkdale.

For more information, please contact:

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Voluntary Gentrification Tax Campaign for the Parkdale Neighbourhood Land Trust

I paid the Gentrification Tax!


…because homeowners benefit – not only from what they invest in repairs and improvements – but also from the neighbourhood that surrounds
them. I want to live in an inclusive and equitable neighbourhood. I believe the wealth created through the sale of real estate should benefit the
local community.

Toronto needs a Gentrification Tax to:
• raise money to create locally managed accessible housing,
• reduce local rents by increasing the supply of rental units,
• arrest the displacement of low-income people,
• limit housing speculation,
• stop individuals from removing collective wealth from their neighbourhood.

If you have sold or plan to sell a property, you can address gentrification by
donating a share of the increase in its value to the Neighbourhood Land Trust.

The average freehold townhome bought in Toronto in November of 2014 for $631,019 could be sold in 2020 for $1,099,454, an above inflation increase of $409,528 in six years. How much of this windfall should stay in the community?

Your payment of the voluntary Gentrification Tax to the Neighbourhood Land Trust will serve as the initial down payment for the creation of deeply affordable housing, unlocking further funding from government sources. Help model and start a conversation about a Gentrification Tax in Toronto. Donations are tax deductible, repositioning tax dollars to build accessible housing in Parkdale.