TORONTO -- Lumber prices in North America have reached levels unseen before, driving up the costs of home renovations and general contracting services across Canada.
Dunn explained that supply and demand has helped increase the price of lumber by roughly 170 per cent in the last six months. On the demand side, Dunn said an increase in the renovation market is heavily contributing to current lumber prices. , Eastern spruce-pine-fir two-by-fours were selling for $1,400 per thousand board feet in March 2021, and Western spruce-pine-fir two-by-fours for $1,200.Dunn explained that this means the price of a square foot of lumber jumped from about $11 to $35 within a year.
In addition, Dunn said consumers are trying to be more environmentally responsible with their renovation projects, and wood is at the top of the list for sustainable and energy efficient materials, also adding to the increased prices.
Someone is making a lot of money
Souring lumber prices are a political rip off, causing a larger gap between the rich and poor.
Means it isn't going to happen.
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