Owning a home in Edmonton’s bustling market is rewarding, but rising costs can strain budgets. Alberta’s Property Tax Deferral Program, expanded in 2025, lets low-income homeowners defer property taxes, easing financial pressures. As a trusted mortgage broker in Edmonton, AB, Jason Scott – TMG The Mortgage Group – Edmonton Mortgage Broker is here to help you leverage this program and secure affordable mortgage solutions to protect your home.
What Is Alberta’s Property Tax Deferral Program?
The expanded program, announced by Alberta’s Ministry of Seniors, allows eligible homeowners to defer property taxes until their home is sold, with no interest charges (Government of Alberta, 2025). With Edmonton’s median home price at $450,000 in 2025, per the Edmonton Real Estate Board, this relief helps residents near West Edmonton Mall or the River Valley stay in their homes.
Key features include:
- No Interest: Deferred taxes accrue no fees.
- Eligibility: Low-income homeowners, including seniors and those facing hardship.
- Flexible Repayment: Taxes are paid only upon home sale.
Jason Scott pairs this relief with refinancing from top mortgage lenders to lower payments.
Why Work with a Mortgage Broker in Edmonton, AB?
A mortgage broker like Jason Scott compares rates from multiple mortgage lenders, unlike a single lender with limited options. His Edmonton expertise includes:
- Tax Deferral Guidance: Ensuring you qualify for the program.
- Refinancing Solutions: Lowering payments to avoid foreclosure.
- Local Market Insights: Tailoring loans for homes near Hawrelak Park or Terwillegar.
For example, a senior client near Clareview deferred $4,000 in taxes and refinanced with Jason, saving $200 monthly.
Who Qualifies for the Program?
Eligibility is straightforward:
- Low-Income Homeowners: Income below $75,000 for singles or $90,000 for couples.
- Primary Residence: Must be your main home in Alberta.
- Equity Requirement: Home equity must cover deferred taxes.
Jason Scott can assist in aligning the program with your mortgage needs.
How the Program Benefits Edmonton Homeowners
Edmonton’s market, with homes selling in 30 days in 2025, per local trends, faces rising property taxes, averaging $3,500 annually. The deferral program frees up cash for mortgage payments, especially near Edmonton’s tech corridor or Old Strathcona. Pairing deferrals with 5.5% rate refinancing can save thousands yearly, ensuring stability in Alberta’s capital.
Local advantages:
- Preserves equity in Edmonton’s appreciating market.
- Supports seniors near Fort Edmonton Park.
- Aids families facing hardship in Terwillegar’s suburbs.
Common Questions About the Program
Inspired by Google’s People Also Ask, here are answers to top questions:
- Do I have to repay deferred taxes?
Only when you sell your home, with no interest added.
- Can I combine deferrals with refinancing?
Yes, Jason Scott pairs deferrals with low-rate loans for maximum savings.
- What if I’m already behind on taxes?
The program can cover past-due taxes if you qualify.
Tips to Maximize Savings in Edmonton
To make the most of the program:
- Apply Early: Ensure approval before tax deadlines.
- Work with a Broker: A mortgage broker combines deferrals with refinancing or Alberta Housing programs.
- Monitor Finances: Plan for future tax obligations upon sale.
- Seek Counseling: Free financial advice is available through the program.
Why Act Now in Edmonton’s Market?
Edmonton’s 2025 market is competitive, but the Property Tax Deferral Program offers relief for homeowners. With rising costs and 5.5% rates, securing savings now protects your home near the North Saskatchewan River or Windermere. Don’t wait—act today to stay financially secure.
Get Started with Jason Scott
Facing property tax challenges in Edmonton? Jason Scott – TMG The Mortgage Group – Edmonton Mortgage Broker will guide you through Alberta’s Property Tax Deferral Program and find tailored mortgage solutions. Visit our Google Business Profile to schedule a free consultation and protect your home today.
About Jason Scott – TMG The Mortgage Group – Edmonton Mortgage Broker
Jason Scott – TMG The Mortgage Group – Edmonton Mortgage Broker, based in Edmonton, AB, is a premier mortgage broker serving the city and Alberta. Specializing in CMHC-insured, first-time buyer, and refinancing loans, Jason delivers personalized financing solutions. Jason Scott – TMG The Mortgage Group. Contact us at (780) 721-4879 or jason@edmontonmortgagebroker.com.
Government of Alberta. (2025). Property Tax Deferral Program. https://www.alberta.ca/property-tax-deferral-program
Edmonton Real Estate Board. (2025). Market statistics. https://www.ereb.com/
