The Canadian mass timber industry has been making great strides forward, but it has been kept from growing even faster by challenges it faces in procuring reasonably priced insurance and financing. Simon Fraser University (SFU) Renewable Cities recently released a guide that describes these challenges. Titled, Advancing Mass Timber/Risk mitigation and insurance strategies for a thriving sector, the guide presents three what it calls pathways “to help address risks, improve insurability and support a thriving mass timber industry.” Mass timber’s benefits notwithstanding, projects built with it often face higher insurance rates than traditional materials. According to the guide, “This can discourage developers from using mass timber elements…Understanding this could influence a phased approach to a building that could make it easier and cheaper to insure. “It is crucial that the insurance broker negotiating the project understands these specific issues and concerns.”