Finance

Quarters Partners with Nova Credit to Enhance Housing Accessibility and Financial Empowerment for All Canadians

Oct 2, 2024

Oct 2, 2024

Oct 2, 2024

3 min read

3 min read

3 min read

At Quarters, we're on a mission to make housing more affordable and accessible for everyone in Canada. We understand the significant challenges that many Canadians—including newcomers—face when it comes to securing housing and building a strong financial foundation. That's why we're excited to announce our partnership with Nova Credit, a leading credit infrastructure and analytics company, to enhance our support for newcomers while continuing to assist all Canadians on their journey toward homeownership.

Addressing Housing Affordability Together

Housing affordability remains a pressing issue across the country, and we believe it's time for innovative solutions. Our partnership with Nova Credit allows us to offer even more support to those who need it most.

Introducing New Features in Beta

We're thrilled to launch several new features currently in beta testing, available to all Canadians, including newcomers:

  • Points Rewards-Based System: Earn points by paying rent, making everyday purchases, and engaging with our platform. These points are redeemable for rent deposits or down payments, making your home savings journey more accessible and rewarding over the long term.

  • Credit Building Feature: Build or improve your Canadian credit score by reporting your rental payments through Quarters. This enhances your ability to access financial opportunities like loans and credit cards.

  • Property Search Assistance: Find your next home with ease using our tools and resources that connect you with trusted property managers and landlords.

  • Exclusive Discounts: Enjoy special offers and discounts through our network of partners, contributing to your overall savings.

Enhancing Support for Newcomers

We know how challenging it can be to start fresh in a new country. Through our partnership with Nova Credit, we're introducing a new feature specifically designed to support newcomers to Canada:

  • International Credit Report Transfer: You can now leverage your international credit history from countries such as Australia, Brazil, India, Nigeria, the UK, and more. This means you can use your existing credit history to access rental opportunities and secure housing upon arrival—without the need to build a Canadian credit score from scratch.

A Message from Our CEO

Our goal at Quarters has always been to empower Canadians to achieve their housing goals, says Romir Joshi, CEO of Quarters. By partnering with Nova Credit, we're breaking down barriers that prevent people from accessing the housing and financial services they need. We're excited about the positive impact this will have on our community.

Join Us on This Journey

We invite you to explore these new features and see how Quarters can help you on your path to homeownership. Whether you're a long-time resident or new to Canada, we're here to support you every step of the way.

To learn more about how Quarters can support your home savings journey, visit www.myquarters.ca to sign up.

About Nova Credit

Nova Credit is a credit infrastructure and analytics company that enables businesses to grow responsibly by harnessing alternative credit data. They provide access to a fragmented universe of consumer financial data and transform it into compliant, actionable risk analytics through a suite of solutions. Leading organizations work with Nova Credit to make smarter credit decisions and reach new-to-country consumers with Credit Passport®. Learn more at www.novacredit.com or reach out to connect@novacredit.com.


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