After 80 years of continuous operation, Tolko Industries CEO has announced announced that the Kelowna West Sawmill will permanently cease […]
Wood Markets News
Lower Mortgage Rates but Application Rates Unchanged from Last Week
The National Association of Mortgage Bankers Association (MBA) has reported that mortgage rates dipped slightly this week – decreasing from […]
British Columbia Lumber Industry Woes Not an Indicator of N.W. Ontario’s Sawmills Health
25 sawmills in British Columbia have been shuttered in 2019. However, only 3 sawmills in northwestern Ontario have been temporarily […]
Canada Mortgage and Housing Corporation (CMHC) Calls for Canadian Housing Starts to Stabilize in 2020
CMHC Chief Economist Bob Dugan said “housing starts (in Canada) are projected to stabilize in 2020 and 2021, at levels in […]
Roseburg Forest Products Chester S.C. Facility Now in Operation
In 2017 Roseburg Forest Products announced it plans to build a $200 million, state of the art, LVL structural beams […]
Apple Commits $2.5 Billion Toward Affordable Housing
Apple has pledged $2.5 billion dollars to fight the affordable housing crisis in California. Strong growth in the tech industry […]
Conifex Timber Inc. Completes Sales Transaction for Fort St. James Sawmill.
Conifex Timber Inc. has reported that they have completed the sales of their Fort St. James Sawmill with Hampton Lumber […]
U.S. Economy Grows 1.9% in Q3
The U.S. Commerce Department has reported that between July and September – Q3, the U.S. Economy grew 1.9%. Well above […]
Sale of Canfor to Great Pacific Capital completed
Canfor Corporation shareholders have agreed to sell all remaining shares of the company to Great Pacific Capital at a price […]
Mortgage Origination Volumes Best Since 2007
The Mortgage Bankers Association (MBA) has reported that due to lower mortgage rates and the resulting surge in refinances, mortgage […]