The Bank of Canada has concerns that the recent boom in home buying across Canada is not sustainable.

His concern is consumers borrowing faster than the economy is growing. Most indications by Real Estate economists was the rebound from the recent recession would be much slower and policy makers did drop the benchmark lending rate to record lows to help fight the recent recession.

The Bank Of Canada Governor is worried that buyers might be taking out loans they will not be able to afford when interest rates go up.

The Central Bank expects the Real Estate housing market to stay strong in 2010 and cool down in 2011.

Toronto Real Estate continues to gain strength from negative numbers from 2008.

Again the main reason for the strong interest in Real Estate is the low mortgage rates making home buying most affordable to different buyers like first-time buyers or move-up-buyers.