A Sheep River town south of Calgary, with a walkable Olde Towne, 100 km of pathways and Big Rock on the horizon.
Okotoks' apartment condo benchmark price was $290,300 in September 2026, about the same as Calgary's $291,400, and its townhouse benchmark was $463,300, $50,900 above Calgary's, according to CREB®. Buyers get a small-town setting on the Sheep River, a walkable historic downtown and a 2026 residential tax rate of $6.8097 per $1,000 of assessed value, about 38 km from Downtown Calgary.
Okotoks is a separate town on the Sheep River, about 38 km south of Downtown Calgary. Its official population is 30,405 (2021 census), and the Government of Alberta estimated 33,482 residents in 2025. Growth slowed after 2010, when the Town began allocating new development by available water capacity.
Most residents live in single-detached homes, but more than 3,000 lived in row houses or low-rise apartments in 2021, and multi-unit homes made up 75% of housing starts in 2023. Condos concentrate in Olde Towne (Heritage Okotoks), the most walkable area; in Westmount and Cimarron in the southwest; in the newest north-end neighbourhoods of D'Arcy and Wedderburn; and around Drake Landing and Crystal Shores in the east.
CREB® reports Okotoks' apartment and townhouse markets separately each month. The benchmark price (MLS® Home Price Index) tracks a typical home and is steadier than monthly averages, which matters here: only 6 apartment and 3 townhouse sales closed in September. The Town of Okotoks' open assessment data adds a second view: its 861 condominium row-house units had a median 2026 assessment of $432,000.
Apartment benchmark price
Townhouse (row) benchmark price
Apartment sales, Jan–Sep
↓ 12.7% YoY
Townhouse sales, Jan–Sep
↓ 2.2% YoY
Source: CREB® (Calgary Real Estate Board), September 2026: Housing Data Map (Okotoks and City of Calgary, apartment and row) and the Regional monthly statistics package. Sales changes compare January to September with the same months last year. CREB does not publish a current-month year-over-year change for town apartments or townhouses.
In September 2026, Okotoks' apartment benchmark was about the same as Calgary's ($291,400), and its townhouse benchmark $50,900 above Calgary's ($412,400).
| Measure | Okotoks | City of Calgary |
|---|---|---|
| Apartment benchmark price | $290,300 | $291,400 |
| Townhouse (row) benchmark price | $463,300 | $412,400 |
Point scores at a condo address in each area from walkscore.com (Okotoks overall: Walk Score 40), with Downtown Calgary for comparison.
Okotoks' townwide Walk Score is 40. Olde Towne is the walkable condo pocket; the newer areas are car-oriented, with assessments rising the newer the complex. Unit counts and assessments below cover condo townhouses only: the Town's open data doesn't include apartment condos.
Condos: The town's oldest condo stock: 212 condo townhouse units built 1972–1997, with a median assessment of $301,000 (Town data, October 2026).
The historic core near the Sheep River (the Town's Heritage Okotoks neighbourhood), where North Railway Street reopened after a streetscape and utility renewal in 2026.
Nearby: Downtown shops and restaurants, Okotoks Art Gallery, Okotoks Public Library, Sheep River pathways.
Condos: Condo townhouses built 2003–2008: 271 units with a median assessment of $444,000 (Town data, October 2026).
Southwest neighbourhoods from the 2000s building boom, the most walkable condo area outside Olde Towne.
Nearby: Okotoks Health and Wellness Centre (urgent care) at Cimarron Common, parks and pathways.
Condos: The newest condo townhouses (built 2019–2023): 163 units with a median assessment of $624,000 (Town data, October 2026).
North Okotoks' newest neighbourhoods and the most expensive condo townhouses in town.
Nearby: Okotoks Recreation Centre (pools, arenas, fitness and curling) in North Okotoks, new parks and pathways.
Condos: Condo townhouses built 2001–2018: 152 units with a median assessment of $426,000 (Town data, October 2026).
East-side neighbourhoods around Drake Landing and Crystal Shores.
Nearby: Parks and pathway links; most shopping is a drive away.
Approximate area centres · Map data © OpenStreetMap contributors
Okotoks Transit is an in-town service. The Town doesn't run a commuter link to Calgary; a private operator does:
Okotoks is about 38 km south of Downtown Calgary, with Highway 2A running through town. The private Falcon Bus takes about 40 minutes from the Okotoks Recreation Centre to 4 Avenue SW on its first morning trip; driving times vary with traffic.
Okotoks has no CTrain. The nearest station is Somerset-Bridlewood at the south end of the Red Line, about 20 km in a straight line from Okotoks; Shawnessy is next.
See Calgary's CTrain map →| 2026 residential rate | Per $1,000 of assessment | On a $300,000 condo (approx.) |
|---|---|---|
| Town of Okotoks | $6.8097 | $2,043 |
| City of Calgary | $6.6499 | $1,995 |
Okotoks 2026 residential rate: municipal 4.1504 plus requisitions (provincial education and Westwinds Communities seniors' housing) of 2.6593 per $1,000, approved May 11, 2026. Calgary's 2026 rate ($6.6499) is from Bylaw 9M2026. Illustration only: your bill depends on your unit's assessed value.
Okotoks' historic downtown on the Sheep River, with independent shops, restaurants, the Okotoks Art Gallery and a renewed North Railway Street (2026).
An interconnected pathway system linking virtually every corner of town, plus 110 parks and 328 ha of natural areas including the Sheep River valley.
The Okotoks Erratic, a 16,500-tonne glacial boulder just west of town and a Provincial Historic Resource since 1978.
Pools, a hot tub and sauna, fitness studio, ice arenas and a curling rink under one roof in North Okotoks.
Urgent care, lab services and other health services at 11 Cimarron Common.
The town library at 23 Riverside Drive West, part of the Town's network of indoor community facilities.
Review the building's condo documents, reserve fund and bylaws before you firm up — see our condo document review guide, and run the numbers with our condo calculators.
Looking for a condo in Okotoks? See the 23 condos for sale there now, with photos, condo fees and room sizes.
Okotoks condos for sale →
We're an Alberta real estate team with Real Broker, helping condo buyers and sellers across Calgary's Beltline, Downtown, East Village, Mission and beyond. We know what to look for in condo documents, reserve funds and bylaws, and we give you straight answers — no pressure.
Search every condo on the Calgary MLS®, updated daily — then let a local condo specialist help you separate the great buildings from the money pits.