2008-10-09

Perfect Storm Threatens Central BC Economy

300 people hitting the bricks in our region is just another symptom of what is happening around us. If anyone says the central part of the province of BC has not been subjected to a perfect storm, read on.

First we are hit with the most severe mountain pine beetle epidemic to ever hit the province. Our pine forest is decimated.

The US housing market goes into the tank , so while we need to cut the beetle killed wood as quickly as we can to get some value out of it, there is no market for the product. Canada’s largest trading partner in lumber products, the USA is in the tank, homes are selling in some parts for as little as one third of their building price. Our market in the USA, for lack of a better way of describing it, is a dead duck for years to come.