The Town of Olds, population 8,617 is a town of opportunity with a lifestyle to match. Centrally located along the busy QEII corridor, Olds is a major service centre and regional market for over 40,000 people in Mountain View County. The proximity to Red Deer and Calgary contribute to our continued growth and economic stability. The quality lifestyle in Olds reflects the values and interests of our residents, which translates into a strong sense of community pride. MORE..