Thank you.
I'm going to use the rest of my time to ask questions of Professor Condon.
Professor Condon, thank you for being here.
We have only about two and a half minutes left, so I'll be concise, and if you can be as concise as possible, we'll get to as much as possible.
My colleagues may remember this. Back during our pre-budget consultations, when this committee was travelling in Toronto, we had a gentleman named Joe Polito, who happens to be from my riding of Etobicoke Centre, present to us. He provided a presentation on how we could do more to make housing more affordable.
He explained how he thought that a land value tax could help make housing more affordable. I think he was speaking to the issue of trying to incent those who own land to put it to good use: in other words, to develop it so that there was housing available for folks, rather than sitting on it and speculating on it.
Do you agree with his argument that a land value tax could make housing more affordable? If so, why?