Photo: Xz1303 · CC BY-SA 3.0Permits in Okotoks added 24.6 homes a year for every 1,000, where Alberta’s towns added 7.5
Asked in 2021, owners gave a median value of $452,000; averaged, their homes came to $481,200. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ. For Okotoks there is no published sale price, as for every town in Alberta.
Okotoks’s homes, by two sources
Every figure here is compared within the province, against Alberta’s towns, since each province assesses on its own terms.
median, owners’ estimate
- Average
- $481K
- Owners
- 8,980
- Alberta’s towns
- $400K
- The typical Canadian town
- $406K
all residential
- Alberta’s towns
- $297K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
A detached house in Okotoks is assessed 73% higher than across Alberta’s towns
In 2024, Okotoks had 10,940 residential properties on the roll, detached houses 78% of them and condos 8%.
Median assessment by type, 2024 the tick is the median of Alberta’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Alberta’s towns with their own figure; assessments compare within a province only.
A younger stock than most: 63% of Okotoks’s homes went up after 2000 (Alberta’s towns: 24%)
Of the 10,475 homes people lived in across Okotoks at the 2021 census, 78% were single-detached houses.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Okotoks | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 16% | 15% | 8% |
| Needing major repairs | 2% | 5% | 6% |
| Too small for the household | 3% | 4% | 3% |
| Households in core housing need | 3% | 8% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Permits in Okotoks peaked in 2023: 437 new homes
From 2018 to 2023, permits in Okotoks created 1,434 homes, about 239 a year. Single-unit buildings took 43%, the rest buildings of two or more, against 69% for Alberta’s towns.
New homes a year per 1,000 homes
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Okotoks is dearer than most of Alberta’s towns: 13% above their $400,000 median
478 of Alberta’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Okotoks: Legacy, Walden and High River
Next to Okotoks: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Okotoks | $452K | $481K | 86% | |
| Foothills County | $900K | $985K | 90% | 5.4 |
| Legacy | $420K | $436K | 75% | 15.3 |
| Walden | $428K | $440K | 83% | 17 |
| High River | $348K | $341K | 75% | 17.2 |
| Cranston | $552K | $524K | 88% | 17.6 |
| Chaparral | $500K | $511K | 91% | 18.2 |
Census 2021 values; km.
Questions about property prices in Okotoks
How many households in Okotoks are in core housing need?
Below the norm for Alberta’s towns (8%): 3% in Okotoks, counting the households whose home falls short on cost, size or repair.
Is Okotoks expensive for Alberta?
Above the norm for Alberta’s towns, whose median home is worth $400,000; Okotoks’s is worth more.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).