Canquest Mortgage Inc.

Recent Articles

Rules have Changed to make it Tougher to Qualify for an Insured Mortgage

Bank of Canada announced the rules have changed to make it tougher to qualify for an insured Mortgage. All Insured Mortgages will need to qualify under the Bank of Canada’s benchmark rate (currently 4.64%) on all the terms set out by the banks 4, 5 or more years.

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October Newsletter - Tightening Mortgage Rules

Read Quantus Mortgage newsletter.

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August Newsletter - Has the Last Domino Fallen Yet?

Read Quantus Mortgage newsletter.

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We Won! Did you know you are working with the Best Brokerage in Canada?

After being nominated two years in a row, we finally won the Best Mortgage Brokerage Award for 2016. Third times a charm! 

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New Government = New Taxation Terms 2016

Filing taxes is going to be a bit different this year, as certain terms have changed under new Government. I'd like to offer a simplified bullet points of new conditions to help you when crunching numbers this tax season. 

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Home is Where the Heart is

Passing down your family home to your children can keep the memories throughout generations alive. If the children can afford to purchase the home, it can be a great opportunity for the parents to take the proceeds of the sale and put them towards downsizing. If you are thinking of buying your parent's house, or you're in the position to gift your house to your child, here are a few tips on how to make it a smooth transaction...

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New Mortgage Rules Take Effect Feb 15, 2016

The Federal Government has changed the down payment requirements effective February 15, 2016. The down payment for a purchase under $500,000 is 5%. The change comes on the purchase of $500,001 - $999,000.00.  The government has changed any portion over $500,001 should put down 10% which would change the amount from the usual 5%. Example: purchase a home for $650,500 would be 5% on the $500,000 ($25,000) + the remaining portion of $150,500 (10%) would be $15,050 = $40,050.00 vs what it was before at 5% on the total amount. $32,500.00.

When you are looking at doing a purchase give me a call or email and I will assist you with what is required.

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Mortgage Trends to Look for in 2016

The 5- year fixed mortgage rate is the most popular rate in Canada. View historical values for posted rates as far back as 1973. These rates are sourced from the Bank of Canada which sources its data from posted bank rates.

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Announcing the Launch of our Chairty, Community Key

Community Key helps families that are caring for a seriously ill or critically injured child in paying their mortgage or rent payments, allowing them some relief from one of their largest financial burdens.

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We Are Sending Someone Home for the Holidays!

We think it's time you got home... This holiday season, Quantus and CJAY 92 are partnering up to send someone home for the holidays. Read more to find out!

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How to Save for Retirement in your 20s, 30s, and 40s

It's official – Statistics Canada has recently reported that there are now more people over 65 than under the age of 15. This means that the population of seniors is currently growing four times faster than the whole Canadian population at large! According to other studies conducted by various Canadian financial institutions, 1 in 3 of these seniors is carrying some kind of debt into retirement, mainly that of credit card debt (more than any other age group in the country!) These stats have got a lot of people concerned for their own retirement. 

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Creeping Credit - Outstanding Debts Can Really Drag Us Down

Credit is one of those things that seemingly takes on a life of its own. Fluctuating up and down, it can definitely take us for a wild ride, especially when applying for a mortgage. One of the main reasons people miss out on the house of their dreams is a low credit score while shopping. Many people struggle with outstanding debts, and it is nothing to be ashamed of, but it is something that must be managed before borrowing opportunities will pan out in your favour.

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RESP - How Will Your Child Escape Student Loans?

Since our kids are back to school this month, I thought it would be appropriate to talk a bit about college funds and student loans. In the past, post secondary education hasn’t been as necessary as it is today; very few baby boomers actually went to university or college. It's a different world now, and post secondary education could be all that stands between your child and their future. So how do you prepare to manage the cost?

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2015 Spring Promotion

Fund a mortgage with Quantus Mortgage Solutions and you could win your choice of a garden shed, patio furniture set, or a custom closet.

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Treat Yourself: Let Revenue Canada help pay for your home

I want to let you in on a trick - using money you didn’t know you had towards your home. As most of you know, under the home buyers’ plan, Canadians are able to take $25,000 out of their registered retirement savings plan (RRSPs) and pay it back over the next 15 years without incurring any penalty. For a couple this can mean $50,000!

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Bank of Canada lowers overnight rate target to 3/4 per cent

OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent. This decision is in response to the recent sharp drop in oil prices, which will be negative for growth and underlying inflation in Canada.

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Our Team Results

We, Quantus, have a program set in place to deduct a small portion of every deal we fund to use towards our charities and promotions, and at the time, we had budgeted to help 3 families. Once the 3 were selected, we sent their stories out to our team to let them know where their contributions would be going.

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Christmas Charity: Nominate A Family

In November, we sent out a form to our networks in hopes of being aligned with a family to donate to over the holiday season. Thanks to all of you, we were blessed with more nominations than expected, and needed to figure out how to narrow the number down. We assembled a team to go through each submission thoroughly and pick out 5 well deserving families.

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Remembrance Day

Remembering all the men who have served. Especially my father, George Degelman, who served in World War II. My father had obtained two medals; 1 for volunteering and 1 for the length of stay in the army. He even worked his way up to be a corporal. Lest we Forget!

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