2010-09-25

BC lumber optimism grows because of new markets and products

It used to be so easy. All you had to do was look at housing start numbers for the US. That determined the health of the forest industry in British Columbia and, to a large extent, the state of the whole BC economy. This was when the woods sector had one dominant market, US home builders, and one prominent product, dimension lumber – of course in US dimensions. And it was the dominant player in BC’s economy.

The wood sector has changed now and not for the better. On September 14, Business In Vancouver published a list of the 100 fastest growing companies in British Columbia. There was not one forest company on the list. And we can’t use the excuse that we don’t expect companies, especially larger ones in an established sector, to be growing quickly. There were many mining companies on the list – not all of them small.