I do realize that some foreign buyers would prefer to leave an investment unit empty to avoid the headache of being a landlord and also claiming rental income in Canada, but 65K or even 100K empty properties doing this seems unlikely.

The expected implementation of foreign real estate ownership taxation and/or a vacancy tax would cause some investors to reconsider their position and may force such empty units to be filled. Maybe some will sell properties off to take their profits elsewhere, thus helping increase inventory. There IS a need for more available housing at this time, so perhaps encouraging these foreign investors to occupy the units with some kind of preferred tax treatment is the way to go instead of penalizing them for investing in Canada in the first place.

Our reputation for multiculturalism, safety and overall standing as a city on the international scene is something many locals have a hard time believing or grasping. It has been long overdue for Torontonians to embrace this and realize that we are a great place to live, which is why we have been drawing investment dollars in our city, because it is still considered very affordable relative to other cities in the world which are not as great of a city to live in.

By the way, which condo are you located in? Three pools? Wow!