Okotoks Real Estate: Why This Market Is Defying the Slowdown
While some Calgary-area markets are catching their breath, Okotoks is running full steam ahead. This town has firm prices, low inventory, and steady buyer demand — and that combination is keeping it one of the hottest spots in the region.
Okotoks Isn’t Playing the Cooling Game
Let’s put things into perspective. Calgary’s sitting at about three months of supply. Airdrie? Just crossed the three-month mark for the first time since 2020. But Okotoks? Still under two months of supply — deep in seller’s market territory.
And here’s the kicker: over the last 60 days, it’s one of the only markets in the Calgary region that hasn’t seen a price dip. The June benchmark price landed at $632,800 — flat month-over-month but nearly 3% higher than June 2024. With 72 sales against 83 new listings in June, the sales-to-new-listing ratio hit an impressive 87%. Translation? For almost every home listed, there’s a buyer ready to sign.
A big driver here is limited new construction. While Calgary and Airdrie have new communities breaking ground left and right, Okotoks has far fewer new builds hitting the MLS. That scarcity means resale homes are drawing fierce competition.
Breaking It Down by Home Type
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Detached Homes: Benchmark price over $715,000, days on market averaging under 24. In certain neighbourhoods, we’re seeing multiple offers again.
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Semi-Detached: Holding strong in the high $590s. These are a go-to for buyers priced out of detached homes.
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Row/Townhomes: One of the fastest risers — up 7% year-over-year and now pushing $380,000. Affordability and rising rents are fueling this demand.
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Apartments: Smallest segment, but on fire — 14% price growth in a year with average prices closing in on $295,000. Inventory’s thin and demand is strong.
Investors Are Taking Notice
Okotoks is back on the investor radar. Average two-bed rentals are hitting $2,000+, and even basement suites are pulling $1,400+. Compared to Calgary, the purchase prices are lower and the rent-to-price ratio is healthier — meaning better chances for positive cash flow or at least breaking even while waiting on appreciation.
Why Demand Is So Strong
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Lifestyle Appeal: Great schools, safe streets, and that small-town charm people want.
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No Overbuilding: Builders aren’t flooding the market here, so resale homes stay competitive.
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Commuter-Friendly: Hybrid work means people can live further out without feeling disconnected.
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Investor Rediscovery: With Calgary softening, Okotoks looks like a smarter play.
Buyers — Here’s the Reality
If you’re buying in Okotoks, you need to be prepared. Homes under $500K? Gone in a week — sometimes a day. Detached homes under $675K? Multiple offers are common.
Your best game plan:
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Get mortgage pre-approval locked down.
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Be ready to see homes the day they hit the market.
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Come in strong on your first offer.
Sellers — This Is Still Your Market
Detached and semi-detached sellers are in a great position right now. That said, smart pricing and solid marketing still make a big difference. Two-bedroom townhome owners? You’re sitting on gold — demand is huge and inventory is tight.
What’s Next for 2025
Expect a small bump in listings through summer, but demand should stay high. If interest rates drop in Q3 or Q4 as expected, buyer activity will spike again — especially in the entry-level market. Without a big wave of new construction, upward pressure on prices is likely to continue.
Bottom line: While other markets take a breather, Okotoks is still in the fast lane. Whether you’re looking to buy, sell, or invest, now’s the time to put a plan together.
Dusko Sremac – Calgary & Area REALTOR®
Okotoks isn’t just holding strong — it’s leading the charge while other markets catch their breath. Whether you’re a buyer ready to move fast, a seller sitting on prime property, or an investor looking for strong cash flow, this is the time to make a move in Okotoks. Let’s put a plan in place so you can win in this market.
Cell: 403-988-0033 | Email: dusko@repyyc.com | Instagram: @DuskoSremac_REPYYC
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