Please ensure Javascript is enabled for purposes of website accessibility
Don't Expect Soaring Lumber Prices to Drop Anytime Soon, Builders Association Says
News
By News
Published 3 years ago on
March 26, 2021

Share

[aggregation-styles]

Lumber prices in British Columbia and the rest of Canada are surging and industry experts warn that it could be years before the numbers go down to pre-pandemic levels.

According to the latest data, prices have gone up threefold when compared to previous annual averages.

“Unfortunately, we do expect the lumber prices to stay quite elevated for quite a period of time,” said Kevin Lee, CEO of the Canadian Home Builders’ Association.

Lumber mills have been playing catch up after many went offline during the onset of the pandemic, Lee said. They’re currently operating near 100 per cent capacity, he added.

But the same can’t be said for mills in the U.S., which have been slower to get back on their feet.

That means Canadian producers are trying to meet demand from both sides of the border.

Read More →

RELATED TOPICS:

DON'T MISS

The Cost to Inform California Voters? $118,000 a Page for Official Guide

DON'T MISS

Top Russian Military Officials Are Being Arrested. Why Is It Happening?

DON'T MISS

Delta Tunnel Water Project May Finally Be Nearing a Historic Decision

DON'T MISS

CA Senate Passes Hospital Seismic Compliance Bill: What’s the Impact on Local Hospitals?

DON'T MISS

Take This Memorial Day Quiz Before Warming up the Grill

DON'T MISS

Hate Wasting Money? Use These 7 Hacks to Feed Your Family for Less

DON'T MISS

NCAA and Leagues Back $2.8 Billion Settlement, Setting Stage for Current, Former Athletes to Be Paid

DON'T MISS

UC Berkeley Faces a Summer of Discontent as Gaza Protesters Remain Steadfast

DON'T MISS

Newsom Promised 1,200 Tiny Homes for Homeless Californians. How Many Are Being Used?

DON'T MISS

Fresno Unified Unveils 5-Year Literacy Plan. What Are the Expectations?

UP NEXT

Rise of the Anti-“Woke” Democrat

UP NEXT

High-Level Saudi Visit Follows Multimillion-Dollar Foreign Influence Operation

UP NEXT

Iran and Russia Move to Fill Diplomatic Vacuum in Afghanistan

UP NEXT

Pelosi’s Husband Locked In $5.3 Million From Alphabet Options

UP NEXT

Experts Reportedly See Major Damage in Attack on Iran Centrifuge Plant

UP NEXT

Opinion: School Choice Marches Ahead

UP NEXT

Zakaria: Americans Care About History Because the Stakes Are High

UP NEXT

California Democrats Are Reliably Pro-Labor. But One Union Is Testing Their Patience.

UP NEXT

The Tightrope Walk Democrats Have Ahead on Two Separate Infrastructure Bills

UP NEXT

Bill Barr on Trump’s Election Fraud Claims: “It Was All Bullsh*t”

CA Senate Passes Hospital Seismic Compliance Bill: What’s the Impact on Local Hospitals?

1 day ago

Take This Memorial Day Quiz Before Warming up the Grill

2 days ago

Hate Wasting Money? Use These 7 Hacks to Feed Your Family for Less

2 days ago

NCAA and Leagues Back $2.8 Billion Settlement, Setting Stage for Current, Former Athletes to Be Paid

2 days ago

UC Berkeley Faces a Summer of Discontent as Gaza Protesters Remain Steadfast

2 days ago

Newsom Promised 1,200 Tiny Homes for Homeless Californians. How Many Are Being Used?

2 days ago

Fresno Unified Unveils 5-Year Literacy Plan. What Are the Expectations?

2 days ago

Man Sentenced to 25 Years for Teaching Bomb-Making to Person Targeting Authorities

2 days ago

UCLA Police Arrest Young Man for Alleged Felony Assault in Attack on Pro-Palestinian Encampment

2 days ago

UAW Files Objection to Mercedes Vote, Accuses Company of Intimidating Workers

2 days ago

The Cost to Inform California Voters? $118,000 a Page for Official Guide

What’s the cost of democracy in California? Sameea Kamal CalMatters If we calculate that based just on the pages informing the state’s 22...

13 hours ago

13 hours ago

The Cost to Inform California Voters? $118,000 a Page for Official Guide

13 hours ago

Top Russian Military Officials Are Being Arrested. Why Is It Happening?

13 hours ago

Delta Tunnel Water Project May Finally Be Nearing a Historic Decision

1 day ago

CA Senate Passes Hospital Seismic Compliance Bill: What’s the Impact on Local Hospitals?

2 days ago

Take This Memorial Day Quiz Before Warming up the Grill

2 days ago

Hate Wasting Money? Use These 7 Hacks to Feed Your Family for Less

2 days ago

NCAA and Leagues Back $2.8 Billion Settlement, Setting Stage for Current, Former Athletes to Be Paid

2 days ago

UC Berkeley Faces a Summer of Discontent as Gaza Protesters Remain Steadfast

MENU

CONNECT WITH US

Search

Send this to a friend