 In September 2017 Quest named its newest chancellor, Peter Webster, president of the R. Howard Webster Foundation.In February 2018 the University cancelled its athletics program, the Quest Kermodes, citing the need to cut costs to reduce its high debt load.On 16 January 2020, after it was unable to pay a $23 million loan that was due, Quest was granted protection under the Companies' Creditors Arrangement Act in the Supreme Court of British Columbia, with PriceWaterhouseCoopers acting as the monitor.