Pick the property type with the clearest recent supply picture
You are deciding which property type makes the most sense to hold as a long-term rental without getting stuck in the wrong segment. Use recent supply and typical pricing by property type to narrow your search fast. If you only remember one closed data point right now, make it this supply for detached homes was 3.02 months last month in Cochrane, AB.
By property type last month in Cochrane, AB detached homes saw 52 sales with 157 active listings and supply at 3.02 months semi-detached had 19 sales, 58 active listings, and 3.05 months of supply row homes had 16 sales, 54 active listings, and 3.38 months of supply apartments had 4 sales, 15 active listings, and 3.75 months of supply. This changes your plan because you are not buying into a single, uniform market. The pace and selection differ by segment, and that matters for how quickly you can replace a tenant and how predictable your exit could be when you sell. Strategy start your screening by choosing one segment and sticking to it for at least a week of tours, because the recent supply range ran from 3.02 months detached to 3.75 months apartments last month. Underwrite your purchase price using the typical benchmark prices last month $636,800 for detached, $492,700 for semi-detached, $433,400 for row, and $324,800 for apartments. If you are targeting Cochrane, AB this March, prioritize properties that match the typical benchmark attributes and avoid over-customized homes that may not track the segment pricing.
