 Commonly referred to as "The Cove", Collingwood Cove started growing in the early 1950s as a popular summer lakeside resort.It was popular due to its proximity to Edmonton and its location on Cooking Lake, which was, at that time, one of the best lakes for recreational activities in the region.Since 1990, there have been several new developments in the hamlet, such as new homes, a modern playground with basketball hoops and a seasonal ice surface.