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Cochrane leading way for real estate transactions in Alberta

Alberta has had some recent economic troubles, especially with the dip in the oil market. But if the community of Cochrane is any indication, things are looking up in Alberta all around, especially in regard to real estate transactions. With little hoopla, Cochrane has seen its population increase by almost 50 per cent over the last six years with a 4.5 per cent growth in 2016 alone with no signs of slowing down.

Things look very healthy for Cochrane's potential real estate transactions in the near future. The community has had a growth strategy in place since 2013 with a goal of having a population of 66,000 by 2062 and at the rate things are moving, that target will be met, according to experts. In fact, multiple developments are slated for the area and more than 4,600 new homes have been added to the community's inventory since 2010 with resale numbers burgeoning.

Since the end of this May residential sales in Cochrane have totalled 262 units. That's 11.5 per cent above the same time for last year, a recent Calgary Real Estate Board sales report for the area pointed out. With the continued growth of this Alberta municipality, some Albertans may think seriously of locating to the bedroom community.

This is a great time for those thinking about buying a home in Alberta. Both new and resale markets are on the upswing. But before proceeding with any real estate transactions, it is always a good move to consult with an Alberta lawyer experienced in real estate law. A lawyer will ensure smooth transactions for both new and seasoned buyers and sellers. 

Source:, "Is Cochrane ground zero for future real estate strength in Alberta?", Steve Randall, July 18, 2017

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