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
Current Market Conditions and Trends
The real estate market in Cochrane, Ontario is currently experiencing moderate growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing steady upward momentum. This is reflective of a balanced market that is neither heavily favoring buyers nor sellers. Similarly, the median apartment price has reached $300,000, with a slightly lower growth rate of 2.1% year-over-year. These trends indicate a consistent demand for housing in both segments of the market.
The population of Cochrane has reached 15,000 and is growing at a rate of 7.1%. This significant growth suggests an increasing demand for housing which could continue to push prices upward if supply does not keep pace.
Investment Opportunities and Potential
Given the steady appreciation in property values, Cochrane presents as a promising location for real estate investors. The continuous population growth implies that rental properties could be in high demand, suggesting that investing in apartments could yield favorable rental returns over time.
With house prices increasing at a healthy rate, long-term investment in residential property also appears attractive. Investors should consider both existing properties and new developments as potential investment opportunities.
Furthermore, with an evolving demographic profile due to population growth, there may be opportunities to cater to different segments such as retirees or young professionals through targeted real estate developments or services.
Future Market Outlook
The future outlook for Cochrane’s real estate market remains positive. If the population continues to grow at the current rate or faster, we can expect sustained demand for housing which may lead to further increases in property prices and rent rates. However, it is important for potential investors to monitor local economic developments, as well as any changes in regional policies that may impact the real estate market.
Given the data on current trends and population growth, Cochrane’s real estate market could be poised for continued expansion. Nonetheless, as with any investment decision, careful consideration of local conditions and broader economic indicators is essential.
