Calling it "hoarding" doesn't seem right unless there are both high vacancy rates and strong demand. How often is that the case?
Toronto has roughly 23% [2] of its for sale stock vacant, unfortunately there have been no openly published numbers on total vacancies.
[1]https://www.cbc.ca/news/canada/british-columbia/empty-homes-... [2]https://www.narcity.com/ca/on/toronto/news/a-shocking-number...