The Toronto Real Estate Market continues to strengthen and now there is a possibility that the Bank Of Canada might rescind its promise to hold interest rates until June 2010.

Surging existing home sales across Canada may require the Central Bank to raise benchmark rates if it believes the economy is in recovery mode.

Low interest rates might encourage more speculation in the Real Estate Markets with higher housing sales.

The Canadian Real Estate Association estimate national home sales ere up 18.5 per cent year-over-year. The National home price has increased 11.3 per cent year-over-year as well.

Some economists say that the Real Estate Markets will moderate and home-price growth will not become excessive as pent-up demand diminishes.

The Toronto Real Estate Market continues to grow in price and sales for September, 2009.