Following three consecutive years of limited supply choice, inventory levels in January rose to 3,639 units. While the 70 per cent year-over-year gain is significant, inventory levels remain lower than the over 4,000 units we would typically see in January. Inventories rose across all property types, with some of the largest gains driven by apartment-style condominiums.
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Surrounding communities are likely to be affected by the same trends in 2025 as the city’s resale real estate market, after experiencing strong demand in 2024, according to the Calgary Real Estate Board’s recent annual forecast.
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Cochrane’s yearly property assessment notices are on the way, and latest figures from the Town show that the average single-family property in Cochrane will see an increase from $615,500 to $680,700 for 2025.
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Calgary’s surrounding municipalities’ resale real estate markets experienced flat or declining sales to end 2024, with one exception, while prices still continued to climb across all communities. Calgary Real Estate Board statistics from December show sales fell or were flat, year over year, in all communities except Chestermere.
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A compromise proposed by Mayor Jeff Genung has allowed for amendments to the Southbow Landing land-use and neighbourhood plan while preserving a threatened Class III wetland.
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Construction activity in Cochrane more than doubled over 2023, climbing to a high of $380.6 million in 2024.
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Water rights and infrastructure are high on the list of priorities in the town’s largest and most ambitious capital budget to date.
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There was no shortage of irony in what became the biggest story of 2024 – a billion dollar project designed to mitigate flood damage would likely cause considerable flood damage, destroy a newly-created park and cause untold infrastructure damage in Cochrane.
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Tucked away in a picturesque river valley at the foot of the Rocky Mountains is the town of Cochrane, Alta.
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Cochrane is making a bid for funding to assist with the cost of servicing the Horse Creek school site.
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