The $400,000 price tag on the median Okotoks home means that it is quite highly priced by Canadian standards.
Across Alberta Okotoks has the 211th most properties on offer with 339.
When we look at the data we have, it can help with trying to establish whether or not Okotoks is a good investment target.
In Okotoks, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
It’s never an exact art, but to try to forecast how property is going to appreciate in Okotoks for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.