The better part of a hundred thousand homes sit vacant, but owned, across Toronto.

Hello?

Which of the following four possibilities would you guess is MOST likely to account for an empty house:

1.  Blue collar family, he works locally in the suburbs and she works downtown, their two kids are in public school.

2. White collar family, she and he both work in downtown Toronto, their two kids are in private school.

3. The rich grandpa who owns four houses in town, living in one of them and refusing to rent the other three out at $3300 a month each because the idea of earning ten thousand dollars a month on rental income is somehow not appealing to him.

4. The overseas millionaire who lives ten thousand miles away but wants real estate as a money surrogate, kind of like a Swiss bank account made of money with a roof, sitting empty, a stash for some wealth earned overseas, the millionaire paying no income tax in Canada.