The community was named by Sir George Bury, president of Whalen Pulp and Paper Company when the mill was built in 1920.
At that time, the townsite began to be demolished, and families moved to other nearby communities such as Squamish and Britannia Beach.
In January 2013, Western Forest Products announced that it has entered into a conditional agreement for the sale of its former Woodfibre Pulp Mill site for the purchase price of $25.5 million.
The site, consisting of 212 acres (86 ha) of industrial waterfront land, is located at the head of Howe Sound, southwest of Squamish, British Columbia.
The net proceeds from the sale are expected to be approximately $17 million [5] In 2015, the site underwent an environmental assessment for use as a liquefied natural gas plant.