Montreal home prices keep looking up, analysts say

The resale price of houses in the Montreal area rose in May for the third straight month, matching a peak set last summer, according to a report released on Wednesday.
“The improvement in the market has now been sustained for over a year and a half, this bodes well for the price trends in the coming months.” says Marc Pinsonneault, principal economist at National Bank. He says future year-over-year price increases in the five per cent range wouldn’t be surprising. 
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