Photo: Earth Science and Remote Sensing Unit , Lyndon B. Johnson Space Center · Public domainHomes in Olds are worth a median $340,000
Behind it are the answers of 2,760 owners at the 2021 census. Statistics Canada’s housing statistics carry no sale prices in Alberta; the census value stands in for Olds. On the 2024 assessment, the middle residential property is valued at $340,000.
Two ways to price a home in Olds
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways. The census asks owners what their home would sell for, so the values are estimates from May 2021.
median, owners’ estimate
- Average
- $357K
- Owners
- 2,760
- 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).
Houses against condos in Olds: 2.1 times the assessed value
Of Olds’s 3,480 residential properties on the 2024 roll, 72% are detached houses and 9% are condos.
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: 36% of Olds’s homes went up after 2000 (Alberta’s towns: 24%)
Of the 3,810 homes people lived in across Olds at the 2021 census, 61% were single-detached houses.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Olds | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 12% | 15% | 8% |
| Needing major repairs | 4% | 5% | 6% |
| Too small for the household | 2% | 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 Olds ran at 6.7 homes a year per 1,000, near the 7.5 of Alberta’s towns
Olds issued permits for 154 new homes from 2018 to 2023, or about 26 a year. About 44% went into single-unit buildings, where Alberta’s towns built 69%.
A peak in 2021: 43 new homes
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.
Olds is cheaper than most of Alberta’s towns: 15% under their $400,000 median
The census values of Alberta’s towns, 478 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Olds: Didsbury and Bowden
The places around Olds at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Olds | $340K | $357K | 72% | |
| Didsbury | $286K | $291K | 79% | 15.1 |
| Bowden | $210K | $215K | 75% | 16.4 |
| Mountain View County | $500K | $549K | 86% | 18 |
Census 2021 values; km.
Questions about property prices in Olds
How many households in Olds are in core housing need?
Fewer than most: 3% of households in Olds, where Alberta’s towns sit at 8%.
Is Olds expensive for Alberta?
Less than most: Alberta’s towns have a median of $400,000, and Olds sits below it.
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).