Canada Wood Monthly Market News & Insights - May 2024

Canfor Reinforces Ties with China’s Market

Canfor’s senior executive traveled back to China for the first time after covid ended. Their goal was to reinforce Canfor’s position in the China market amidst global economic uncertainties. Read more.

Canada Wood’s Advocacy Efforts Lead to New Opportunities for Wooden Apartment Construction in South Korea

The Korean Ministry of Land, Infrastructure, and Transport has announced a change in the building regulations for wooden multi-family residential buildings. The new legislation will eliminate the existing requirement for thick concrete floors that serve as sound barriers between units in wood frame apartment buildings. Read more.

Canada Wood R&D on High Seismic Performance & Energy Efficient Shear Wall?

Japan's revamped energy efficiency standards are transforming the housing market, while Canada Wood Japan's R&D efforts in developing the inventive shear wall solution that meets seismic and energy efficiency criteria can advance sustainable construction practices for Canadian wood products. Read more.

Wooden Warehouses: Making Connections & Growing Momentum?

Just as with trusses, the trend toward wood construction for warehouses and other non-residential and commercial buildings is gaining momentum in Japan. Makita Transport's wooden warehouses in Miyakonojo City, Miyazaki Prefecture, exemplify this shift.? Read more.

Canadian Lumber Exports to Japan on The Increase in Q1 2024

Canadian lumber exports to Japan are rebounding after a period of decline. Despite challenges like slowing housing starts and competition, recent quarters have seen positive growth. Q4 2023 saw a 33.6% increase, followed by a 26.7% increase in Q1 2024. Sign up to COFI Connect to get more. Read more.