Variable closed:	1.8%
1 year closed:	1.79%
3 year closed:	1.79%
5 year closed:	1.84%
10 year closed:	2.94%

Mortgage Super Brokers > Library & Listings > Glossary > Words Beginning with 'Q'

Search the Glossary

GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

qualified high deductible health plan (QHDHP) — Acronym
qualified joint and survivor annuity (QJSA) — Acronym
qualified small business corporation (QSBC) — Acronym
qualifying event — Definition: An event that qualifies for insurance coverage.
qualifying life event (QLE) — Acronym, Very Important: ➥ An event where you apply or change an insurance policy due to marriage, new dependants or employment status.
qualifying rate — Definition: The mortgage rate that one must qualify for when applying for a variable rate or a term less than 5 years, so that if rates increase, the borrower can continue to make payments.
qualifying ratios — Definition: As calculated by lenders, the percentage of income that is spent on housing debt and combined household debt. The first qualifying ratio, called the gross debt service or GDS is up to and including a maximum of 32% of the combined gross family income. The second qualifying ratio is the Total debt service or TDS is up to and including 40% of gross income.
quality service certified (QSC) — Acronym
quality-adjusted life year (QUALY) — Acronym
quantum meruit — Definition: Used in contract law it means "reasonable value of services."
Quebec Federation of Real Estate Boards (QFREB) — Company Est.1994, Quebec, Canada
quick assets (QA) — Definition: Assets that can be liquefied quickly without a loss.
quick closing (QC) — Acronym
quick liquidity ratio — Definition: A metric used to find if a company has enough liquidity to make it's short term financial obligations.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Search the Glossary

Notable Terms

Who has the Best Mortgage Rate?

There are well over a hundred mortgage lenders in Canada competing for your business. Wouldn't it be nice to know who's got the best mortgage rates in Canada? Whether you want flexibility or rock-bottom rates, we will make sure you get what you need.

Mortgage Rate History

Interested in seeing see how variable rate mortgages measure up to fixed rate mortgages? Our mortgage rates history report will show you what you need to know. Look back up to ten years to see how rates have changed over time.

Credit Card Points Calculator

So you're looking at a bunch of different credit cards, some offer rewards points, others give you cash back, but which is better? Well, assuming you pay your credit card bill every month, it depends on quite a few things. Luckily, we've made a fancy little calculator to help you figure out which type of credit card is best for you.