Cochrane Five Year Strategic Plan | Page 13

Town of Cochrane Strategic Plan – Final Report October 2014 From 2001-2011, Statistics Canada found that Cochrane’s population fell 6.2%,or 10.3% since 1996. Since the 2011 Census however, the municipality reports that the Town’s population has risen by at least several hundred people. This increase can be largely attributed to the revival of the Detour Lake mine and related exploration. It is anticipated that future growth will be associated with a rebounding forestry sector.2 As a whole, Northeastern Ontario is projected to see slight growth of 4,100 or 0.7%, from 563,600 to 567,600 between 2011 and 2036. However, projections from the provincial government suggest that the Cochrane District will see a population decline during that same period (Figure 4.2).3 Figure 4.2: Population Forecast, Cochrane District, 2011-2036 85,000 84,000 83,000 82,000 81,000 80,000 79,000 77,000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 78,000 4.1.2 Age and Gender Distribution The median age in Cochrane was 43.3, slightly higher than the provincial median of 40.4. In 2011, 83% of the population in Cochrane was aged 15 and older, which is the same as the provincial statistic of 83% (Figure 4.3). According to projections, by 2036 the aging of Ontario’s population will accelerate, with the baby boomers having risen to the ranks of seniors. In the Cochrane District, 25-30% of the population will be seniors by 2036. People in the baby boom echo population segment (children of the baby boomers), and a new generation of immigrants will have bolstered the population aged 15–64. 2 The Working Forest Newspaper. (2013). Cochrane, Ontario, Grows for the Future. Available at: http://www.workingforest.com/cochrane-ontario-grows-future 3 Ontario Ministry of Finance. (2013). Popiulation by five-year age group, 2012-2036. Available at: http://www.fin.gov.on.ca/en/economy/demographics/projections/table10ne.html 11