Whether the properties actually sell has got everything to do with time-honoured principals of real estate, said Antigonish real estate broker Robert Wambolt of Coldwell Banker Mary Pat Realty in Antigonish.
“Always the case when you’re talking real estate, it depends on the location and the type of property it is,” Wambolt said.
Given the large territory, including Cape Breton Island, the diocesan property sell-off isn’t going to dampen prices generally.
“I think they’re being careful not to flood the market,” Wambolt said.
Antigonish’s real estate market generally is in pretty good shape and fairly active, according to Wambolt. The presence of St. Francis Xavier University and St. Martha’s Regional Hospital ensures local employment and constant demand.
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