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Lumber Prices Should Emerge Relatively Unscathed From Canadian Wildfires

But there could still be impacts on logging in non-burned areas from equipment usage.

As amber waves of charred air settled over stretches of eastern North America, with respect to the vast damage that has settled in, it could be understood how many in CRE might have a secondary concern. Would the industry find significant blows to construction supply chains beyond what the pandemic saw?

Probably not, according to multiple experts. However, that’s not the same as no impact. As June 13 closed, lumber prices were $529 per thousand boardfeet, up 10.3% from a recent low of $478.50 on May 31.

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Erik Sherman

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