More than 20 trades which do not have collective agreements will now go to arbitration and will end their strike which began on June 2.
“While the vast majority of more than 20 trades involved in low-rise and high-rise residential construction were able to reach freely negotiated agreements, the drywall, trim, tile, and low-rise electrical trades remained on strike and will now have the outstanding issues determined by an arbitrator,” explained Richard Lyall, president of the Residential Construction Council of Ontario (RESCON).
Homebuilders are assessing the potential delay in completing homes with those involving drywall, trim, tile, or electrical work impacted relatively more than houses at other stages of construction. Those buying new homes are advised to contact their builder.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Sainte-Lucie-de-Beauregard, Fox Island Main, Carmi, Greater Sudbury / Grand Sudbury, Janvrin Harbour
A deal has been reached between parties involved in a strike of residential construction trades which is good news for new-home buyers and the industry.