Investing in Inverness, Cape Breton, Nova Scotia
"This was a pretty tough town in the past," says Sherry MacLeod, broker/ owner of Cape Breton Realty and Centum Causeway Mortgages Beautiful Shorelines. "With the closing of the steel plant and the fall in the fisheries, this community has been deeply depressed for several years. Plywood on many businesses in the community is still visible although there is constant work going on along the lovely shoreline in the village.
The surrounding area of Inverness was farms years ago, and is mostly vacant land which is treed today." Since that time various attempts have been made to revitalize the economy.
The base economy in the area is lobster and crab fishing and the seasonal tourism industry. In recent years, the area has also seen some new infrastructure, including its local hospital, which has undergone a $23-million upgrade, a new full-care facility for seniors, a new high school, new recreation facilities like a first-class ball field, a community cultural and arts centre as well as new street lighting and sidewalks. "The quaint little village will be popular, as well as its surroundings along the coast," says MacLeod.
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