Experts have indicated Canada will need to build millions more homes in the next 10 years to meet our growing needs. To the casual observer the problem is easy to solve: just build more homes. For those in the real estate development field, the problem is much more complicated than this.
Cochrane Home Price
When looking across the province, Cochrane is the 983th most expensive in Ontario.
The median house price listed in Cochrane this month is $179,900.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
From our data, it appears that neighbourhood is number 448th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
As one of Ontario’s many potential real estate investment neighbourhoods, Cochrane needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
If you are looking at investment properties in Cochrane, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
Can we guarantee how well Cochrane is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Cochrane there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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