CANADA DATA REACT: Canada federal housing agency:....>

CANADA DATA REACT: Canada federal housing agency: home starts will fall to

"historic levels" in Q2, Q3. "Housing starts will likely see a decline of 51% to

75% in 2020 from pre-COVID-19 levels before starting to recover by the second

half of 2021. Housing starts are not expected to rebound to pre-COVID-19 levels

by the end of the forecast horizon."

*Recovery won't start for a year, prices/sales won't fully recover through end

of projection period into 2022.

*"Home sales in Canada could experience as much as a 29% decline from

pre-COVID-19 levels before slowly recovering post 2022."

*"In oil producing Alberta and Saskatchewan, housing prices could experience

close to 25% declines from pre-COVID-19 levels," CMHC report Wednesday says.

*Resale prices may fall 9%-18% from Q1 2020 level amid pandemic, reiterating

view the agency's CEO gave lawmakers last week.