Absolutely. Wood is just as strong. When calculating what is needed for a wood construction, the resistance must meet the requirements in terms of the weight to be supported on and in the building. So, whether it is made of wood, steel or concrete, the structure is designed based on the support that is required, as calculated.
Recently, I was in the United States, in Glasgow in the State of Maine, where I saw large wooden buildings that are 140 years old and don't have a single crack in them. The structure has remained intact, there has been no sagging or anything of the sort. So, wood is just as tough a material and actually has a higher fire resistance than other materials. It is also a material that doesn't deteriorate, which can remain in place as long as any other type of structure and which is environmental, in the sense that this is a renewable resource, since trees grow back. In fact, if you don't use a tree once it has reached full maturity, you will lose it—it rots.
In Canada, we have a large number of trees that have reached full maturity. If we don't use them, we will simply lose them, which is not the case for steel—given that it is derived from an ore—or for concrete, which is produced using large amounts of energy.