Homebuyers and renovators hoping for a mid-winter price slump are instead being greeted with all-time record high prices for lumber and oriented strandboard (OSB) building panels.
Western SPF (spruce, pine, fir) lumber prices rose to a four-digit close for the first time on Tuesday, reaching $1,000 US per thousand board feet (MBF), according to a report from CIBC analyst Hamir Patel, citing market watcher Random Lengths.
https://www.cbc.ca/news/canada/calgary/lumber-prices-rise-1.5917527
https://www.bnnbloomberg.ca/commodities/video/canadian-lumber-price-surge-driving-building-prices-in-the-u-s~1331644
Reference from BNN Bloomberg / CBC News
