Canada’s housing market could take years to recover, says the Canadian Housing and Mortgage Corporation. In related news: Alberta’s drop could be as big as 90%; while Realtors call CMHC’s price forecast ‘panic-inducing‘. Meanwhile: the free-fall in US consumer confidence stopped in May, despite April-starts plunge of 30%.
In other news: the Softwood Lumber Board exceeds its target for generating lumber demand; Danzer reports lower hardwood sales; Pinnacle Pellet gets some kudos; a new lumber e-commerce platform goes live; 9-storey mass timber apartment to be US’s largest; North America’s first Passive House commercial building comes to Victoria, BC; and lots of questions for huge US and British tree planting schemes.
Finally; a new frog in our pond—Lisa Perrault joins the Tree Frog editorial team!
Kelly McCloskey, Tree Frog Editor