Thank you.
You were talking about measuring housing starts. Currently, the CMHC considers a start at the point of getting above grade.
I've personally seen projects get to the point at which a hole has been dug and a foundation has been started, but then funding collapses, the contractors run out of money or the client runs out of money. What, in your opinion, would be an accurate measure for housing starts? When it's coming up out of the ground, it's well under way, but that's not an accurate measure. In your opinion, what would be a good way to measure starts?