“Fibre costs are going up. Lumber prices are going down. Timber supply is declining and they are all happening at the same time,” he said. “The challenges are not new but they are stark and they are significant.” The plan, which will focus on increasing value-added production from a reduced wood supply, is the beginning of change that the forest industry needs, the premier said. The province announced earlier this year that it was changing the building code to allow for construction of wood buildings up to 12 storeys using fire-resistant engineered wood. The government announced the Royal B.C. Museum modernization in Victoria in its throne speech and a business plan for the new $1.9-billion St. Paul’s Hospital in Vancouver was launched in February READ HERE
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