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The National Association of Home Builders has condemned the move, calling it “the worst time” to add to housing costs as the U.S. faces a national housing affordability crisis.
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British Columbia’s forest sector is voicing major concerns with the province’s recently announced intention to defer harvest of 2.6 million hectares of old-growth forests.
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Interfor has reached a $490-million purchase agreement with an affiliate of EACOM’s owners, Kelso & Company, for 100 per cent of the equity interests in EACOM. The acquisition boosts Interfor’s total lumber production capacity by 25 per cent.
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Truck Loggers Association executive director Bob Brash says he’s often asked to explain why we continue to log old-growth, but the answer doesn’t fit into today’s digital demand for a 15-second sound bite. “In trying to answer it simply, the true importance seems to get lost.”
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In September 2020, J.D. Irving began construction on a $35-million modernization and expansion project that saw the New Brunswick sawmill leap ahead decades in technology improvement.
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After consistent – if moderate – climbs in September and October, most benchmark construction framing dimension softwood lumber prices have levelled off to match were they were one year ago, according to Madison’s Lumber Reporter.
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The amendments to the Forest Act will allow the province to shake up the existing forest tenure system, reducing timber harvesting rights for the major players and doubling the tenure held by First Nations.
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In response to B.C.’s planned deferral of 2.6 million hectares of old-growth logging, “The ILA formally requests that Premier Horgan and all of his members of cabinet halt this unbalanced approach to forest policy.”
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Date: June 2-4, 2022
Location: Jonkoping, Sweden
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Date: Sept. 22-24, 2022
Location: Ottawa/Gatineau
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