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Mortgage de-selection: Can your lender choose not to renew your mortgage?  - Mortgage Rates & Mortgage Broker News in Canada

In its third-quarter earnings call, Scotiabank said it was undertaking a strategy of “customer de-selection at renewal” as part of its efforts to slow its mortgage growth and be more selective of its client base. “I think this is a good time to drive that standard higher here because it’s a softer, slower housing market,” said Dan Rees, head of Canadian Banking. “We are also being more efficient with regards to our use of capital and using customer deselection at […] ....

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