Absolutely. The common-sense definition of a start might be where the shovel hits the ground. You actually have workers on the site who are starting to build the home, but when it comes to the types of homes we build, which these days are traditionally high-rise units that have underground parking garages, the CMHC doesn't count that as a start until the entire underground parking garage is built. That could be four, five or six layers and then the parking garage basically hits level ground. You start building the apartment structure on top of that.
That's a bespoke Canadian way of doing things. Other countries define a start differently. In the U.K., it's actually when they start pouring the foundation. For other countries, it's when they start actually digging the hole. What we have suggested to the CMHC is that they track excavations. That would give us a better real-time indicator of when a project has actually started and work is being done. We recognize that not all excavations necessarily always turn into housing completions, but at least it gives us a better sense of what's happening on the ground.