The town is cautiously optimistic it will experience modest growth in 2018, despite the financial downturn impacting the Calgary region housing market.

The town saw a slowdown in the number of residential development applications in the latter part of 2018 and has received an indication developer will instead be focusing on existing inventories in 2019.

"There are some developers who are saying, 'OK, we're are not going to do the servicing of certain subdivisions because we're going to focus on the inventory that we've got'," says Drew Hyndman, Cochrane's senior manager of the development services, "So we've heard some developers being much more caution than they have been in the past with respect to 2019 because I believe 2018 was a difficult year for the building industry."

Precedence by Riversong is starting to take shape.Still, Hyndman says the town can look forward to both Precedence in Riversong and the Rivercrest developments, both adjacent to River Heights Drive, to start to come onstream. The Precedence development is ahead of Rivercrest and it won't be that long before a few showhomes will appear on its horizon.

Cochrane seems to have been somewhat insulated so far from the stormy economic conditions in the region and whether that will continue is to be seen. Hyndman says they are aware of what's happening elsewhere and of the potential implication it will have upon the town.

"I think we're cautiously optimistic that we will continue to see growth. I think it will be modest growth. The financial realities affecting the housing market in the Calgary region will likely impact Cochrane as well, so we do have to take that into consideration."

The town did experience more industrial/commercial projects come on stream towards the end of the year creating some opportunities for further nonresidential growth in 2019. That includes a $10,5 million GMC dealership on West Side Drive at the former location of Smittys that was demolished this fall. Just down the street, a 7-11 convenience store/gas bar is well underway. River Heights commercial developments are also shaping up and development will continue in The Quarry shopping district.  There are also two commercial developments underway in the Griffin Industrial Point

Development will continue in The Quarry.

The town is anticipating a land-use application for Greystone, which after an extensive public hearing received approval for both its area structure plan and neighbourhood plan by town council last fall.  

Hyndman doesn't anticipate his department will be dealing with a significant number of land-use applications this year but of interest to residents will be a decision on Sunset stage 3 that includes secondary access for the large residential area.

"There has been quite a bit of land-use granted by council over the last few years and, I think, the development industry will proceed with applications, dependant upon that market."

Building Permits Drop 39% in 2018 SEE MORE

Annexation Expected to be Completed July 1

By July 1, the town anticipates the finalization of the annexation of two parcels of land. While an insignificant amount of land, about 200 acres in total, the implications are significant for Cochrane. The strip north of the Sunset neighbourhood is all about improving access and the quarter-section adjacent to Heritage Hills will allow for the development of Cochrane's next high school plus a vast amount of outdoor recreational amenities. Of the 158-acres, Rocky View Schools (RVS) requires 25 to 30 acres.Envision this piece of land on the northwest corner of town with outdoor recreational amenities.

"When you start to look at that quarter section, the opportunities for the recreational amenities on that property are pretty significant. It may be a longer-term project to get everything up and running but the potential is very exciting."

He says it will complement Cochrane's existing open space network, pathways and the Spray Lake Sawmills Family Sports Centre.

Following annexation, the town will be developing the concept and completing an agreement with Rocky View Schools, who owns the land, before acquiring the property. The town has budgeted $1.4 million to purchase the land.

More Local News

Road Rage Incident Leaves One Woman With Minor Injuries

A road rage incident that occurred last week (January 10) has Cochrane RCMP on the hunt for a male suspect. Constable Kary Moore with Cochrane RCMP, states a black 2018 GMC Sierra that was stopped at…

UPDATE: Fire Ban is Lifted

While we may not be experiencing the type of weather suitable to sit around the backyard fire pit, the fire ban that is currently in effect will be lifted as of noon today (January 17). Thanks to all…

White Paper Warns of Hazard of Cochrane Pipeline Corridor

PipeFX Limited president Alan Goddard questions if it’s worth the risk to add another pipeline to a corridor that runs north to south through Cochrane and suggests this could be the right time to…

New Year, New Recruits, and New Opportunities for Cochrane Search and Rescue

With January 1st being the first day of a new annual cycle for Cochrane Search and Rescue (CSAR), we thought it would be a good idea to catch up with the non-profit organization. Bill Erickson,…

Dense Fog Could Affect Your Morning Commute

A fog advisory for the Cochrane area was put into effect at 8:21 pm this evening (January 15). Environment Canada issued the weather statement due to visibility currently nearing zero in some areas…

Ninety-Two Businesses Help Make Fire Safety Info Accessible to Youth

Thanks to sponsorship from numerous Cochrane businesses, youth ages 7 to 12 will learn valuable information regarding fire safety thanks to a book put out by Community Safety Net. The coiled handbook…

No Shortlist Finalized Yet to Name New Bridge

What started out as a tight timeline for the naming of the new Bow River crossing has gone into slo-mo. Town council's decision on what will be the final three potential names for the new bridge has…

Town Relying on Supplementary Assessment to Make Budget Target

The town is relying upon its supplementary assessment to reach the four per cent growth target used for the 2019 municipal budget. A report presented to council tonight, Jan. 14, by Gail Butz, the…

CHAPS Photo Archives Open for Viewing Wednesday

With a population now surpassing 29,000, it may be hard to imagine the humble beginnings of Cochrane as a small community along the CP Rail mainline. Thanks to CHAPS, you'll be able to take a glimpse…

Kilt Up: Cochrane Pipe Band Celebrates 20 Years

The Cochrane Pipe Band is gearing up to celebrate its 20th anniversary at their annual Robbie Burns event this Saturday evening (January 19). A packed house of partygoers will gather at the Cochrane…

CochraneNow.com is Cochrane's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login