Montreal home price index matches all-time high

The re-sale price of houses in Montreal rose for the third straight month in May, matching a peak set last summer, according to a report released Wednesday.
The Teranet-National Bank Composite House Price Index, which measures the selling price of single-family houses that have sold more than once, rose 1.07 per cent from April to May.
It was up 1.67 per cent from the same period the year before.
The index, which uses June 2005 as a base, reached 154.38 in May, suggesting that house prices have