The province now boasts more than 5, 000 native-owned businesses, some of them joint-ventures, ranging from pipeline construction and timber production to hotels and boat-building.

ECONOMIST: Canada

Since then, despite strong demand for lumber from the U.S. construction industry, Timber Group shares are off 3% --even as the parent's stock climbed 37% .

FORBES: Trick or Track?

Timber is sold either for pulp used in paper processes or as saw-timber for construction.

WSJ: Wealthy Investors Discover Timberland

He added that fire spread was a major concern at the incident, and that the Chief Fire Officers Association "was right to be increasingly concerned about the number and severity of fires in timber framed buildings under construction".

BBC: Firefighters tackle Basingstoke construction site fire

The tradition has declined however in recent years due to rapid urbanization, scarcity of timber and lack of available construction space, all of which combine to threaten its transmission and survival.

UNESCO: Culture

It's hard to turn a profit on timber when demand for new homes and construction remains weak.

FORBES: Magazine Article