So tens of thousands of homes are sitting, owned and empty, in Toronto?

Well, that certainly lends credibility, doesn't it, to real estate folks who have been saying all along that the massive demand for houses in Toronto nowadays is coming from young local workers with jobs in Toronto who have their young families there? I mean it all makes sense - every young family I know living with jobs in Toronto and with toddlers to feed is busy getting mortgages from the bank for twenty times their annual salary so that they can own a house to keep empty in a neighbourhood they never visit.

Sarcasm off.