Thank you, MP Aitchison.
Yes, we have about 1,700 units under various stages of construction.
In terms of timelines, it takes anywhere from three to eight years for the planning portion of development, and only about 12 to 18 months for construction. Probably 80% of the time is spent on planning and approvals. As we know, time is money—actual money—and that leads to higher rents or prices at the end of the day.