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'We need some stability in the market': Lumber prices continue to rise

  EDMONTON Throughout the pandemic, lumber prices have continued to rise to historical highs and experts say the end is not yet in sight. The past year was a tumultuous one for many industries, including the lumber industry. Supply has been dwindling while demand has not been. “We’ve seen our cost of inventory has tripled in some cases,” Don Clement, the general manager of Mission Building Supplies, said. People have been spending more time at home and the demand for renovations is up. “We end up with difficulties where we’ll commit to a price level with a builder for a certain period of time and in the meantime the cost is going up 30 per cent in 30 days,” Clement explained.

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