Cochrane, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Cochrane, Ontario, currently reflects a steady growth pattern. With a median house price of $500,000, the market has experienced an incremental year-over-year increase of 3.5%. This indicates a healthy demand for residential properties in the area, likely driven by its small-town charm and strategic location.
In comparison, the median apartment price stands at $300,000, with a slightly lower year-over-year appreciation of 2.1%. This suggests that while the apartment sector is growing, it does so at a more modest pace than detached homes.
The population of Cochrane has reached approximately 15,000 residents, with an impressive growth rate of 7.1%. Such demographic expansion often correlates with increased housing demand and can be seen as a positive indicator for future market vitality.
2. Investment Opportunities and Potential
Cochrane’s real estate landscape offers promising investment opportunities. Given the steady rise in property values and significant population growth, investors could benefit from both capital appreciation and rental income potential. The current trends suggest that investing in standalone houses may yield higher long-term returns due to the more robust growth rate compared to apartments.
For those looking into multi-family dwellings or apartment buildings, the market still presents a viable opportunity for investment. Although the appreciation rate for apartments is lower than that of houses, affordability might attract first-time homebuyers or renters seeking more budget-friendly living options.
The continuous influx of residents signifies that there might be untapped demand for both rental and owner-occupied properties, further enhancing Cochrane’s investment appeal.
3. Future Market Outlook
The outlook for Cochrane’s real estate market remains optimistic with predictions leaning towards sustained growth. Factors such as ongoing population increase and the consequent need for housing are likely to maintain upward pressure on property prices and rental rates.
If current trends persist, we can anticipate continued moderate price appreciation across all housing types. The detached home market will possibly remain the stronger performer in terms of value gains; however, apartments could see heightened interest if affordability becomes a more pressing concern among residents.
Overall, Cochrane’s real estate market appears poised for enduring stability and progress. Investors and homeowners should monitor local economic developments and infrastructure investments closely as these elements will also play a significant role in shaping the future landscape of this vibrant community.
