2020Community
Overview
A S O C I O - EC O N O M I C P R O F I L E
Town of
Olds
Property Assessments
Population 2016: 9184 (next census 2021)
Non-Residential Residential
Federal Stat 2006 - 2011: +13.5% AB Dashboard 2014 - 2018: +7.92% Olds College Population Impact: 3,800 Enrollment (incl Part-time) Trading Area Population: 1.2 million within 1 hour drive
Median Age
42.4
Number of Businesses: 762 (2019)
Target Growth Sectors: Bio-industrial, Transportation and Logistics, Manufacturing, Warehousing, and Aviation Brownfield Rehabilitation: (2009 - 2019)
7 sites, approx. 33 acres Average Household Income
$100,511
26%
74%
Permits Issued (2019): 108 Total Permit Value (2019): $33.53 million In the Labour Force
4,955
Participation Rate Employed Unemployed (2016)
Edmonton
68%
Olds 9%
Calgary
Average After-Tax Household Income
$83,665
91%
2015
A proud member of
60 Minutes North of Downtown Calgary Just 63 km (40 miles) south of Red Deer, and the same distance north of Airdrie, Olds is located right in the heart of the Calgary/Edmonton corridor.
2020 Community Overview - Town of Olds 1
2020-03-03 12:09:21 PM
Housing by Structure Total Households for Tenure
Single Family
3,700 Owned 74% Rented 26%
2,300
Multi-Family
724
Apartments
525
Movable Dwellings
219
Average House Price
$318,510
Average Household Consumption Shelter $16,830 Food $7,042 Household operation & furnishings
$5,795
Health care
$2,277
Transportation $12,579
Average 2 Bedroom Residential Rent
Residential Vacancy Rate
4.97%
$854 2018
Occupied Private Dwelling Occupied Private Dwellings by Period by Period ofofConstruction Construction 1600 1400 1200 1000 800 600 400 200 0
2018
1490 1220 990
Pre 1980
1981-2000
2001-2016
Recreation & entertainment
$4,188
5-Year Average Annual Building Permits by Category
Personal care & clothing
$4,332
$10,000,000
Child care
$342
Education & books
$973
Miscellaneous expenditures Total
$1,734
$8,000,000
$6,000,000
$56,092 $4,000,000
$2,000,000 2015-2019
Residential
Commercial
Industrial
$8,885,781
$3,429,598
$9,142,153
Institutional & Governmental $2,900,367
Number of Households by Income Group 1400 1200
TRADE AREA • Olds is a major agribusiness hub as well as a base for oilfield service and light industrial manufacturers. • Main economic drivers are Olds College, Olds Regional Exhibition, Cornerstone Development (Wal-Mart, Staples, and Canadian Tire), and the Community Learning Campus. • Olds is home to the first community-owned fibre optic network in Canada, offering 1 GB service.
2020 Community Overview - Town of Olds 2
1000 800
1090
1210 765
600 400
335
305
200 0
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Industrial Growth Olds will show growth in the South East Industrial Area which encompasses approximately 200+ acres of prime opportunity for bio-medical production, commercial food supply, and eco-industrial business investment, which complement the production and manufacturing facilities that currently exist.
Occupations
Top Ten Industries
(number of jobs)
Sales and service occupations Trades, transport and equipment operators and related occupations
Top Employers
(number of jobs) 1140
915
Retail trade
630
Construction
540
Health care and social assistance 505 Educational services
465
Business, finance and administration occupations
590
Accommodation and food services 380
Management occupations
540
Services other than public administration
315
Olds College Olds Hospital Chinook’s Edge School Div.73 WalMart Richardson Bros. (Olds) Ltd. Town of Olds Olds Soft Gels Inc.
Education, law and social, community and government services
520
Mining, quarrying, and oil and gas extraction
300
Health occupations
365
Manufacturing
260
Professional, scientific and technical services
225
Sundial Growers Inc
Transportation and warehousing
220
Ryon Agro Products Inc.
Natural resources, agriculture and related production occupations
310
Manufacturing and utilities
195
Natural and applied sciences and related occupations
185
Art, culture, recreation and sport
130
thinktank products inc. Sobeys Olds Home Hardware
Stanley Technical Services
Vehicle Registrations (2017)
Spearhead Manufacturing Inc.
13,037
Highest Educational Attainment (Ages 15-70) 1,095
University degree at bachelor level or above
835
Apprenticeship or trades certificate College, CEGEP or other Non University or Diploma
1750 2160
High School diploma or equivalent 0
2020 Community Overview - Town of Olds 3
500
1000
1500
2000
2500
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2020
Community Overview A S O C I O - EC O N O M I C P R O F I L E
K-9 Enrollment
1,834 (2017)
High School Enrollment
Lifestyle
Olds has safe and friendly neighbourhoods, beautiful parks, a fabulous path and trail system, and all the amenities associated with the big city.
Population by Age Group
568
(2017)
Post-secondary Enrollment
473
(2017)
New Apprentices
62
1530
0-14
(2015)
15-29
1705
30-44
1710 1735
45-59
1470
60-74
Broadband/Wifi Fibre Optic Television, Telephone & Wifi 1,000 megabits /second
1025
75+ 0
500
1000
1500
2000
Town of Olds Economic Development Secretariat Chairman, Economic Development Secretariat (Strategy & Technology Officer) larry.wright@olds.ca 403-507-4803
Director of Operations 403.507.4823 Executive Support - Administration 403.507.4814 Produced in partnership with The data used to prepare this report has been sourced from the Alberta Regional Dashboard, Stats Canada 2016 Census and municipalities. The reference period is the calendar year 2015 for all Census income variables . This report is for information purposes only and CAEP does not assume any responsibility or liability by providing it. While every effort has been made to control errors, users are advised to confirm any numbers before making decisions or assumptions based on the information in this document. Data prepared by Pinnacle Communication & Media Inc. on behalf of CAEP.
For more information about CAEP, contact:
www.centralalberta.ab.ca
2020 Community Overview - Town of Olds 4
Ph: 403-357-2237 Email: info@caepalberta.com
2020-03-03 12:09:31 PM