Okotoks affordable and subsidized housing options are administered by the Westwinds Communities, a not-for-profit Housing Management Body that works with partnering municipalities to provide safe affordable housing opportunities and access to rent supplement programs. For information about Westwinds Communities and other housing options in the area, please consult the Community Resource Housing Directory below.
What is Affordable Housing?
Canada Mortgage and Housing Corporation measures affordable rental accommodation using this guideline: “As a general rule your monthly shelter - including rent, electricity, heat, water, and municipal services — should be less than 30% of before-tax household income. However, there will be circumstance and/or markets where it is difficult to find rental accommodations that accommodate this. The cost of property insurance, parking, cable, telephone service, and Internet connection are not included in this calculation.”
Okotoks, like many other Towns and Cities has a very tight rental market with low vacancy rates. Annexation and future growth may create more units of available housing that is also considered more affordable.