There's now one less direct-to-consumer (DTC) mortgage provider in Canada. Questrade's online mortgage division has officially gone offline. It lasted a whole 30 months—shorter than most car leases.

In a significant win for consumers, the Office of the Superintendent of Financial Institutions (OSFI) has kicked the stress test to the curb for straight switches of uninsured mortgages.

Here's what Finance Minister Chrystia Freeland just said about the minimum default-insured down payment on $1,000,000 to $1,499,999.99 homes starting December 15, 2024:

Scotiabank, the '800-pound gorilla' of mortgage broker lenders, is making it more challenging to get its Scotia Total Equity Plan (STEP) readvanceable mortgage. And that leaves a product gap for both brokers and Scotia retail reps.