Assessment notices in Spruce Grove went up an average of 9.01% this year, and the City's 2026 tax rate increase came in at 3.99%. For a city the Government of Alberta estimated at 44,575 residents in 2025, up 4.16% in a single year, that is a lot of households feeling it at once. A higher assessment can raise your tax bill, but it is not the number a lender uses. Lenders look at today's market, and the median sale price for detached homes was $506,500 in October 2026; so far this year it has been down 3.7% on the same months last year. If a car loan, credit cards or a line of credit are pulling your month apart, the equity in your Spruce Grove home may be able to replace several payments with one. We check what your home could realistically support, lay out the options plainly, and tell you honestly when a change isn't worth it.
Serving Spruce Grove homeowners
Mortgage broker in Spruce Grove
Spruce Grove homeowners use the equity they have built to pay off credit cards, vehicle loans and other debts and keep one payment instead of several. We work with 50+ lenders, including ones that look beyond a credit score, and explain every option by phone.
- 180+ Google reviews
- Licensed with RECA
- Approval answers in 12–24 hours
- 50+ lenders compared
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Your Spruce Grove numbers
What homes are worth here right now, what you pay in property tax, and what that can mean for your equity.
Median sale price
$506,500 (median sale price, detached homes) (down 3.7% so far this year, compared with the same months last year)
Source: REALTORS® Association of Edmonton, Spruce Grove, October 2026 · as of 2026-10
Residential property tax rate
About $8.92 per $1,000 of assessed value (municipal + provincial education, residential)
Source: City of Spruce Grove Bylaw C-1440-26, 2026 Property Tax and Supplementary Property Tax Rate Bylaw (signed 11 May 2026) · as of 2026-05
Population
44,575 (2025 estimate; up 4.16% in a year and 14.6% in five years)
Source: Government of Alberta, Alberta Regional Dashboard, municipal population estimate for 2025 (page updated January 16, 2026) · as of 2026-01
Example: equity on a typical Spruce Grove home
Median sale price
$506,500
Most lenders lend up to 80%
$405,200
If you still owe
$300,000
Equity you may be able to use
$105,200
Example only, before fees. Your amount depends on an appraisal of your home, your balance and lender approval (O.A.C.). Work out your own number.
How we can help
One conversation covers all of it. Pick the one that sounds like you, or just call and we’ll work it out together.
How we can help
Pick the one that sounds like you. Not sure? We’ll help you choose.
Debt consolidation mortgage
Roll high-interest credit cards, loans and second mortgages into one manageable monthly payment.
Consumer proposal refinance
In a consumer proposal, or just finished one? Use your home equity to pay it out and start rebuilding.
Second mortgage
Borrow against your equity without breaking your first mortgage, even if your bank has said no.
Private mortgage
When the banks say no, a short-term private mortgage can bridge you to a better option.
CRA debt
Owe the CRA? Paying it off with your home equity can stop the interest and the collection letters.
Mortgage refinance
Lower your rate and your payment. Many clients save $300–$700 a month on a refinance.
Free review. No commitment.
What it costs
Your rate depends on your situation, not a sticker price. You’ll see every cost in writing before you sign anything.
Your review
$0
- Free, with no obligation
- We look at your mortgage, your debts and your home’s value
- Approval answers typically in 12–24 hours
Bank refinance
Lowest rates available
- For steady income and good credit
- Borrow up to 80% of your home’s value, minus what you owe
- Paid off over up to 30 years, with terms up to 5 years
Second or private mortgage
Higher rate, built for flexibility
- For consumer proposals, CRA debt or when the banks say no
- Usually a 12-month, interest-only term, then renewed or refinanced
- Lender and brokerage fees apply. We show you the exact amounts upfront.
What sets your rate: how much equity you have, your credit, your income, and your property. Before you commit, we give you your exact rate, every fee, your monthly payment and your total cost of borrowing in writing. All mortgages are subject to lender approval (O.A.C.). Licensing and disclosures.
Get your real numbers. Free review, answer in 12–24 hours.
Why homeowners choose MortgageSolvers
6,132
Rates lowered
Homeowners whose mortgage rate we have brought down.
50+
Lenders compared
Banks, credit unions and private lenders, so you don’t have to tell your story ten times.
12–24 hrs
Fast answers
Approval answers typically come back in 12–24 hours, with every cost in writing.
$300–$700
Typical monthly savings
What clients typically save each month on a refinance. Your own numbers come in writing first.
What homeowners say
From 180+ Google reviews by Alberta homeowners.
★★★★★
Great service always available to give you updates look for and willing to give you the best rates which saves you thousands Thanks for your hard work I am grateful for The support,help and savings
Branson · Airdrie, ABRead Branson’s review on Google (opens in a new tab)
★★★★★
We were in a very stressful financial situation before working with MortgageSolvers. Our private mortgage rate was high, credit card balances were building up, and the banks were not giving us any real solutions. From the very first call, everything was handled professionally and transparently. They took the time to review our entire situation, explained all fees upfront, and clearly outlined what was possible and what wasn’t.What really stood out was the honesty. There were no hidden charges, no last-minute surprises, and no unrealistic promises. In the end, our monthly payments were reduced significantly and we finally feel back in control of our finances. If you’re feeling stuck, I highly recommend speaking with MortgageSolvers.
Bibek · AlbertaRead Bibek’s review on Google (opens in a new tab)
★★★★★
I was treated with care and dignity. The staff were outstanding! Not only did they get me a lower interest rate, but saw a flaw in my past financial mess and made me aware of a serious issue that was not my fault. The team and my lawyer attacked the situation with pure dedication and got me a pay out that was much more than expected. It seems this company cares and will go to the mat for you. They did for me! Thank you, so, so much!!!
Nicole · Camrose, ABSent to us by Nicole
★★★★★
Smooth steps during process. Communication and professional.
Chad · Grande Prairie, ABRead Chad’s review on Google (opens in a new tab)
★★★★★
Amazing experience! Got a mortgage to payoff my property tax bill in 48 hours!
Ethan · AlbertaRead Ethan’s review on Google (opens in a new tab)
★★★★★
They helped me get the lowest interest rate so quickly
Julian · AlbertaRead Julian’s review on Google (opens in a new tab)
★★★★★
I was overwhelmed with debt and high payments. MortgageSolvers walked me through everything clearly and reduced my monthly payments more than I expected. No hidden fees, no pressure. Just honest advice and real results.
Wanda · AlbertaRead Wanda’s review on Google (opens in a new tab)
★★★★★
Fast, organized, and responsive. MortgageSolvers kept us updated throughout the entire process and closed on time.
Rahul · AlbertaRead Rahul’s review on Google (opens in a new tab)
★★★★★
MortgageSolvers helped me get a mortgage last year and it was the best decision I made 🙏
Craig · AlbertaRead Craig’s review on Google (opens in a new tab)
Get your answer in 12–24 hours
Three steps. We do the heavy lifting.
1
Free review
Tell us about your home, your mortgage and what you owe. It’s free, with no obligation and no judgment.
2
Quick approval
We compare 50+ banks, credit unions and private lenders. Approval answers typically come back in 12–24 hours, with every cost in writing.
3
Start saving
We handle the paperwork with the lender and your lawyer. You make one lower payment.
Free review. No commitment.
Questions Spruce Grove homeowners ask us
How much equity can I take out of my Spruce Grove home?
Most lenders will lend up to 80% of your home's value on a refinance, minus what you still owe. Spruce Grove's median price for detached homes was $506,500 in October 2026, and 80% of that is $405,200. If you owed $300,000, you could have about $105,200 to work with, before fees. Your own number depends on an appraisal of your home today.
My 2026 assessment went up. Does that mean I can borrow more?
Not on its own. Spruce Grove assessments rose an average of 9.01% in 2026, but your assessment is set for tax purposes from a valuation date of July 1, 2025. A lender orders an appraisal of what your home would sell for now. The median detached price in Spruce Grove has been down 3.7% so far this year, compared with the same months last year, so we check your home's current value before we talk numbers.
How do property taxes come into a refinance in Spruce Grove?
Lenders want your property taxes up to date. Spruce Grove's 2026 residential rates add up to about $8.92 per $1,000 of assessed value (municipal plus provincial education), or about $892 a year for every $100,000 of assessment, before the small seniors' housing levy. If you have fallen behind, the arrears can often be paid out of the new mortgage at closing, so they don't follow you.
Do I have to come to your Calgary office?
No. Most Spruce Grove homeowners work with us entirely by phone and send their documents electronically. Office visits in Calgary are by appointment if you would rather meet in person.
Can I pay off a consumer proposal or CRA debt with my home equity?
Often, yes, if there is enough equity. A refinance or second mortgage can pay out a consumer proposal or money owed to the CRA in one step at closing. Whether it makes sense depends on what you owe, what is left in the home and the costs involved, which we show you in writing first.
Will my credit score stop me from getting a second mortgage?
Not always. Private and alternative lenders focus mainly on your home's value and how much you owe on it, not only your credit score. They usually charge a higher rate and fees than a bank, and every cost is laid out in writing before you sign.
How fast can I get an answer?
Approval answers typically come back in 12–24 hours. We do the legwork with the lenders, so you don't have to.
What does it cost to talk to you?
Nothing. The review is free and there is no obligation. If you go ahead, the lender and brokerage fees are disclosed in writing before you sign, and they are usually taken from the mortgage advance rather than paid up front.