Movahed is an engineer who moved to Canada from Iran in 2006 and landed a job at BC Hydro. The following year, he and his wife bought a condo in North Vancouver with a mortgage of well over $400,000.
He had a child, found he couldn’t afford his mortgage and decided to sell. Scotiabank has charged him $25,000 for paying out his mortgage early.
Details in this article at CBC.