Community Profile 2016 | Page 16

Wonderfully Unexpected

Real Estate

Housing

The cost of resale property in Cochrane has climbed over the past several years and appears to be at the high end of Northern Ontario communities in terms of growth. However, Cochrane housing prices remain lower overall than those of the majority of municipalities in Ontario.

The moderate property taxes, cost of housing, and rise in property prices continue to make Cochrane attractive to those relocating from other communities.

Start Building Equity Now

Homeownership in Cochrane continues to thrive at a rate of over 76%, which is much higher than the provincial average. The average list price of houses in Cochrane is significantly lower than that of other communities in Northern Ontario, presenting a real opportunity for young people to begin building equity much sooner than their provincial counterparts.

In Cochrane, nearly 70% of private households lived in single-detached houses and 0.2% lived in apartments buildings that have five or more storeys. The rest lived in other types of dwelling structures.

Owners

Renters

BUY & RENT COMPARISON

AVERAGE LISTING PRICES

REGIONAL

AVERAGE SHELTER COST

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