Thank you, Madam Vice-Chair.
Thanks to the witnesses for being here. It's great to see both of you.
Ms. Keesmaat, it's a shame that you're not here in person, but it's nice to see you on the screen.
I'm going to ask a question of both of you. I appreciated the opening remarks. I think you both made really important points about the broader question of housing and how we get more housing built.
This, of course, is a study about housing starts, which, now that we're into it, seems a bit limited.
I'll start with you, Mike, and then go back to you, Jennifer.
What's the most important thing this committee and the government should know about housing starts? We've heard a lot about what they are, what they mean and how useful a tool they are.
Mike, give us your thoughts on the question of housing starts.