National Hardwood Magazine - April 2022

ONTARIO Continued
Church 14_Layout 1 4/17/18 3:43 PM Page 1
ventory levels continue to shrink, this could be the norm
moving forward.
If rates go up, industry observers and financial experts
claim that a rising rate environment generally deters investors
because higher rates would potentially decelerate
price growth and possibly lower valuations, sending
investors into safer bet assets. But until the central bank
raises rates to where they were before the pandemic,
investors could continue competing with first-time homebuyers
for scarce supply, and successfully outbid them
for these residential properties. This forces people to the
upper limit of their affordability, and they may not buy in
the end as too pricey for them.
According to RE/MAX’s 2022 Canadian Housing Market
Outlook Report, average residential real estate prices
are expected to increase 9.2 percent nationwide this
year. According to a survey conducted on RE/MAX’s behalf,
nearly half of Canadians still think buying a home is
the best investment decision you can make today.
Everyone is watching the central bank’s upcoming policy
meetings to see what will happen on the interest rate
front. But available housing will continue to be the focus
of those who can afford to be in the market.
Should rates go up as well as housing prices, this may
real estate market sustain this momentum? With talk of
the Bank of Canada raising interest rates this year and
the federal government tightening mortgage lending
standards, the market might start to ease.
Although borrowing costs may be on the rise, one
significant factor is the historically low housing supply.
Investors became more active with the Canadian real
estate market over the last several months.
When addressing the Ontario Securities Commission,
the Bank of Canada deputy governor noted that a “sudden
influx” of investors supported the rapid price gains
in 2021. Data from the central bank noted that investors
and repeat homebuyers represented a bigger share of
the market than first-time homebuyers last year.
The Bank’s analysis finds that many Canadians are
buying homes as investment properties, and the importance
of this phenomenon has grown. For example, in a
report on the Ontario housing market, investors account
for more than a quarter of the province’s homebuyers,
lifting prices even higher, especially in Toronto. This was
unheard of five to 10 years ago, when investors made up
a relatively minor segment of the sector. So long as incause
a slowdown in home sales, thus reducing spending
directed to the Hardwood industry, as consumers
may buy the home, but not be able to spend on new
furnishings, upgrades or renovations upon moving in, as
is often the case when home buying. n
QUEBEC Continued from page 12
grained woods and painted finishes, Birch business is
brisk, and demand is lagging due to supply strains. Cherry
demand, on the other hand, is noted as relatively slow.
However, sales vary by area contacted depending on
customer preferences for finished goods.
The regionally important species, Hard Maple, continues
to be vibrant with supplies insufficient to meet demand
for most grades, thicknesses and color selection.
This is resulting in higher prices for this species.
Soft Maple is also seeing high activity at sawmills,
kiln-drying operations and distribution yards. These businesses
report they can’t keep it stocked, material being
sold before it is even made available. As a result, prices
are ticking higher, as are prices for most grades and species.
Furniture manufacturers, moulding and millworkers
and cabinet manufacturers are maintaining a high level
of demand for Poplar. Exports, noted contacts, had improved
somewhat, especially to Vietnam. The furniture
industry reported a strong demand for finished goods.
They added they are struggling to purchase raw materials
and components due to supply chain delays and
availability of these components.
The flooring, cabinet, millwork and mouldings manufacturers
are keeping busy, ordering Hickory. This species
is seeing a rise in demand from all areas of the
industry. The same is said for Red and White Oak production
and sales. Flooring and truck trailer manufacturers
are steadily purchasing these species. Flooring manufacturers
were noted as buying more White Oak than
Red Oak at this time.
Walnut has also been selling well, and it was reported
that green Walnut had been selling well for the past 18
months. As a result there has been increased production,
with prices responding accordingly. Kiln-dried Walnut is
readily available, and depending on the area contacted,
exceeding needs.
Please turn the page
We at Bryant Church Hardwoods, Inc., located in Wilkesboro, NC, are proud of our modern Hardwood
concentration yard facility that we constantly update to better serve our customers with the finest
Appalachian Hardwood and Eastern White Pine lumber available. Call us at (336) 973-3691 when we can
be of service.
Quick, Easy, Primary Breakdown
Quick, easy
installation
Simple,
Dependable,
Affordable
Cut ties, grade,
timbers, mats,
you name it
45 years of
engineering
design
Some facts about our company are, we:
•Have a 30 acre Hardwood and Eastern White Pine lumber concentration yard
that exclusively represents one sawmill.
•Specialize in all thicknesses of kiln dried Eastern White Pine lumber.
•Deal in Appalachian Hardwood species such as Red and White Oak, Poplar,
Ash, Hard and Soft Maple, Steamed Walnut, Cherry, Basswood, Beech and
mixed Hardwoods.
•Market our Appalachian Hardwood lumber in 4/4 through 8/4 thicknesses that
is green, air dried and/or kiln dried.
•Specialize in mixed truck loads.
This is an aerial view of our modern
Hardwood concentration yard where we
process quality Appalachian Hardwood
and Eastern White Pine lumber.
•Have 9 steam dry kilns that have a combined dry kiln capacity of 630,000 bd.
ft. per charge.
•Own a Newman 382 planer.
•Usually carry about 4,000,000 bd. ft. on our air drying yard.
•Usually carry about 1,500,000 bd. ft. of kiln dried lumber in inventory.
•Offer export preparation, container loading and package tally.
•Offer the service of sorting lumber at special lengths, widths and grades
according to customer specifications.
•Use our own trucks and contract trucks for prompt delivery of your orders.
•Have over 75 years of combined experience in the lumber business.
Tim Church
Mason Church
Bus.: (336) 973-3691
FAX: (336) 973-7993
(800) 973-3380
Web site: http://BCHI.com
P.O. Box 995 • Wilkesboro, NC 28697
Distribution Yard: 683 Buck Road • Wilkesboro, NC 28697
Because we’ve been in business since 1953, we have many years of experience that helps us to ship your orders right the first time.
MADE IN USA
MOSCOW
TN
All parts in
stock -
ready to ship
Low
maintenance
www.hurdlemachineworks.com
www.facebook.com/HurdleMachineWorks
www.youtube.com/HurdleMachineWorks
Fast
payback
5-man
operation
8hrs -
20,000 to
25,000+
bd/ft
CALL US NOW!
901.877.6251
64 APRIL 2022 n NATIONAL HARDWOOD MAGAZINE APRIL 2022 n NATIONAL HARDWOOD MAGAZINE 65