How to Become a Mortgage Broker in Ontario
Do you need a licence?
Licence required
You must be registered with the Financial Services Regulatory Authority of Ontario to work as a mortgage broker in Ontario or to use a protected title.
- Protected titles
- Not listed in the sources checked
Show the source
“No individual shall deal in mortgages in Ontario for remuneration, whether direct or indirect, as an employee or otherwise, unless he or she has a mortgage broker’s or agent’s licence and is acting on behalf of a mortgage brokerage or is exempted from the requirement to have such a licence.”
From ontario.ca/laws/statute/06m29, checked October 10, 2026.
At a glance
- Licence status
- Licence required See the source
- Routes
-
- Trained in Canada: 8 steps
- Licensed in another province: 6 steps (2 fees depend on your situation and are not in the total)
- Annual fees
-
- Mortgage broker licence renewal fee: $883
Your roadmap
Tick each step as you finish it. Your ticks are kept in this browser only.
Trained in Canada
0 of 8 done
- 8 steps without a listed fee
- Annual fees: $883
-
Complete an approved mortgage agent education program for a Mortgage Agent Level 1 licence.
Source
“Complete an approved mortgage agent education program for a Mortgage Agent Level 1 licence.”
fsrao.ca/licensing/mortgage-broker/become-mortgage-broker -
Complete an approved education program for a Mortgage Agent Level 2 licence (Private Mortgage Course) within two years before applying for the mortgage agent level 2 licence.
Source
“Complete an approved education program for a Mortgage Agent Level 2 licence (Private Mortgage Course) within two years before you apply for the mortgage agent level 2 licence.”
fsrao.ca/licensing/mortgage-broker/become-mortgage-broker -
Have already been licensed as a mortgage agent level 2 for at least 24 months over the last 36 months.
Source
“Have already been licensed as a mortgage agent level 2 for at least 24 months over the last 36 months.”
fsrao.ca/licensing/mortgage-broker/become-mortgage-broker -
Complete the approved mortgage broker education program within three years before applying for the mortgage broker licence.
Source
“Complete the approved mortgage broker education program within three years before you apply for the mortgage broker licence.”
fsrao.ca/licensing/mortgage-broker/become-mortgage-broker -
The Principal Broker of your brokerage initiates your licence application through Licensing Link and sends you an email with two links.
Source
“The Principal Broker of your brokerage will initiate your licence application through Licensing Link. Then, they will send you an email with two (2) links:”
fsrao.ca/licensing/mortgage-broker/become-mortgage-broker -
Use the first link to complete a criminal background check through FSRA's approved vendor Triton Canada.
Source
“In the first link, you will be required to complete a criminal background check through FSRA’s approved vendor Triton Canada”
fsrao.ca/licensing/mortgage-broker/become-mortgage-broker -
Return to the sponsoring application email, use the second link to continue your application through Licensing Link, complete it as directed and click Submit.
Source
“You will then return to the sponsoring application email and use the second link to continue your application process through Licensing Link. Complete the application as directed and click "Submit."”
fsrao.ca/licensing/mortgage-broker/become-mortgage-broker -
Your brokerage's Principal Broker reviews your licence application before submitting it.
Source
“Your brokerage's Principal Broker will then review your licence application before submitting.”
fsrao.ca/licensing/mortgage-broker/become-mortgage-broker
Listed fees for this route
No one-time fees listed by the regulator for these steps Check with Financial Services Regulatory Authority of Ontario
8 steps without a listed fee, so the total may not be the full cost.
Annual fees Paid every year, so not part of the one-time total.
- Mortgage broker licence renewal fee: $883
Licensed in another province
0 of 6 done
- 2 fees depend on your situation and are not in the total
- 4 steps without a listed fee
- Annual fees: $883
-
Provide a letter from your regulator to verify that you have an equivalent licence in another province or territory.
Source
“provide a letter from your regulator to verify that you have an equivalent licence in another province or territory.”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di... -
Be sponsored by a licensed brokerage in Ontario, which will initiate your application via Licensing Link.
Source
“be sponsored by a licensed brokerage in Ontario”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di... -
Source
“Applicants with eligible non-Ontario mortgage sector licences will be required to complete the Ontario Mortgage Licensing Equivalency Course (OMC) from a FSRA-approved provider.”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di... -
Complete your criminal record check through FSRA's approved vendor Triton using FSRA's link, then return to your sponsoring application email.
- Triton criminal record check fee: $19.15 (applies for Triton’s service)
Source
“Please note that a fee of $19.15 applies for Triton’s service, and the background check is valid for 90 days.”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di...
Source
“FSRA requires licence applicants to complete their criminal record checks through our approved vendor Triton. You must use FSRA’s link directing you to Triton’s website. After completing the background check, you will then return to your sponsoring application email and complete your licensing application on FSRA’s website.”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di... - Triton criminal record check fee: $19.15 (applies for Triton’s service)
-
Attest that your out-of-province licence is in good standing, that no regulator has refused to certify you in the past two years, that you are not subject to any misconduct proceeding or finding, and that you have not been found guilty of an offence.
Source
“attest to the following: the licence issued by another province or territory for the regulated occupation is currently in good standing no out-of-province regulatory authority has refused to certify you in the regulated occupation within the past two years you are not currently subject to any professional misconduct, incompetence, or incapacity proceeding, or any similar proceeding, in respect of the regulated occupation you have not had a finding of professional misconduct, incompetence, or incapacity made against you in relation to the regulated occupation you have not been found guilty of an offence”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di... -
Your mortgage brokerage initiates and submits your application via Licensing Link and pays the application fee to FSRA after reviewing it.
- Mortgage broker licence application fee: $983 (prorated based on the month in which your application is submitted in the fiscal year)
Source
“The fee for a mortgage broker licence is $983. The fee will be prorated based on the month in which your application is submitted in the fiscal year.”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di...
Source
“Your mortgage brokerage will initiate your application via Licensing Link.”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di... - Mortgage broker licence application fee: $983 (prorated based on the month in which your application is submitted in the fiscal year)
Listed fees for this route
2 fees depend on your situation and are not in the total.
4 steps without a listed fee, so the total may not be the full cost.
Annual fees Paid every year, so not part of the one-time total.
- Mortgage broker licence renewal fee: $883
Other listed fees
The regulator lists these without tying them to one step, so they are not in the route totals above. Check which apply to you.
- Letter of History or Reciprocity Letter fee: $25 (for each letter requested)
Source
“The fee for each letter is $25.”
fsrao.ca/licensing/mortgage-broker/requesting-official-documents-mo...
Requirements
Education
You must complete an approved mortgage agent education program for a Mortgage Agent Level 1 licence.
Source
“Complete an approved mortgage agent education program for a Mortgage Agent Level 1 licence.”
fsrao.ca/licensing/mortgage-broker/become-mortgage-brokerYou must complete an approved education program for a Mortgage Agent Level 2 licence (Private Mortgage Course) within two years before applying for the mortgage agent level 2 licence.
Source
“Complete an approved education program for a Mortgage Agent Level 2 licence (Private Mortgage Course) within two years before you apply for the mortgage agent level 2 licence.”
fsrao.ca/licensing/mortgage-broker/become-mortgage-brokerYou must complete the approved mortgage broker education program within three years before applying for the mortgage broker licence.
Source
“Complete the approved mortgage broker education program within three years before you apply for the mortgage broker licence.”
fsrao.ca/licensing/mortgage-broker/become-mortgage-brokerOut-of-province applicants under the standard process must meet the educational requirements, though applicants with licences from certain provinces may be exempt from Ontario's education requirements.
Source
“If you wish to apply for a mortgage broker licence in Ontario and hold a licence in another Canadian jurisdiction that is equivalent to Ontario’s mortgage broker licence, you might be exempt from Ontario's education requirements for your application.”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di...
Experience
You must have already been licensed as a mortgage agent level 2 for at least 24 months over the last 36 months.
Source
“Have already been licensed as a mortgage agent level 2 for at least 24 months over the last 36 months.”
fsrao.ca/licensing/mortgage-broker/become-mortgage-broker
Police check
You must complete a criminal background check through FSRA's approved vendor Triton Canada.
Source
“In the first link, you will be required to complete a criminal background check through FSRA’s approved vendor Triton Canada”
fsrao.ca/licensing/mortgage-broker/become-mortgage-brokerOut-of-province applicants must complete a criminal record check.
Good character
You must be suitable for a licence, including being of good character and reputation and not engaged in any other business that would jeopardize your integrity, independence or competence.
Source
“You are of good character and reputation. You have provided all information about bankruptcies, lawsuits, criminal records, decisions from other regulators or licensing bodies and other employment information.”
fsrao.ca/licensing/mortgage-broker/become-mortgage-broker
Residency
You must be a resident of Canada.
Other
You must be 18 years of age or older.
You must have an Ontario mailing address that can receive registered mail, not a post office box.
Source
“Have an Ontario mailing address that can receive registered mail (not a post office box).”
fsrao.ca/licensing/mortgage-broker/become-mortgage-brokerYou must have a valid email address.
You must be authorized by a mortgage brokerage to deal in mortgages.
Source
“Be authorized by a mortgage brokerage to deal in mortgages.”
fsrao.ca/licensing/mortgage-broker/become-mortgage-brokerOut-of-province applicants must hold an equivalent out-of-province licence.
Source
“Equivalent out-of-province licence”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di...
Already licensed in another province?
Extra steps
Applicants with eligible out-of-province licences may be exempt from Ontario's education requirements but must complete the Ontario Mortgage Licensing Equivalency Course (OMC) and a criminal record check before practising in Ontario. Source
“Applicants with eligible non-Ontario mortgage sector licences will be required to complete the Ontario Mortgage Licensing Equivalency Course (OMC) from a FSRA-approved provider.”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di...
Complete the OMC
Source
“Applicants with eligible non-Ontario mortgage sector licences will be required to complete the Ontario Mortgage Licensing Equivalency Course (OMC) from a FSRA-approved provider.”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di...Complete criminal record check
Processing time: Not stated by the regulator Check with Financial Services Regulatory Authority of Ontario
Credential assessment
Not stated by the regulator Check with Financial Services Regulatory Authority of Ontario
Exams
-
Ontario Mortgage Licensing Equivalency Course (OMC) quiz
Source
“The OMC is a two-hour seminar on regulations and requirements for conducting mortgage business in Ontario. It is followed by a quiz.”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di...
Language tests
Not stated by the regulator Check with Financial Services Regulatory Authority of Ontario
Canadian experience
Not stated by the regulator Check with Financial Services Regulatory Authority of Ontario
Supervised practice
Not stated by the regulator Check with Financial Services Regulatory Authority of Ontario
Demand and pay
| Where | Low | Median | High | Outlook |
|---|---|---|---|---|
| Ontario | $23.00 | $36.92 | $66.46 | Moderate (3 of 5) |
| Canada | $24.04 | $38.46 | $66.67 | — |
Mortgage brokers in other provinces and territories
- British Columbia Licence required
- Alberta Licence required
- Saskatchewan Licence required
- Manitoba Licence required
- Quebec Licence required
- New Brunswick Licence required
- Nova Scotia Licence required
- Prince Edward Island Not confirmed yet
- Newfoundland and Labrador Licence required
- Yukon Not confirmed yet
- Northwest Territories Not confirmed yet
- Nunavut Not confirmed yet
Sources checked
- ontario.ca/laws/statute/06m29 ontario.ca/laws/statute/06m29
- Become a mortgage broker | Financial Services Regulatory Authority of Ontario fsrao.ca/licensing/mortgage-broker/become-mortgage-broker · fetched October 10, 2026
- Apply for a mortgage broker licence from a different province/territory | Financial Services Regulatory Authority of Ontario fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di... · fetched October 10, 2026
- Renew my mortgage broker licence | Financial Services Regulatory Authority of Ontario fsrao.ca/licensing/mortgage-broker/renew-my-mortgage-broker-licence · fetched October 10, 2026
- Requesting official documents as a mortgage broker | Financial Services Regulatory Authority of Ontario fsrao.ca/licensing/mortgage-broker/requesting-official-documents-mo... · fetched October 10, 2026
Frequently asked questions
2
Do you need a licence to work as a mortgage broker in Ontario?
Yes. Registration with the Financial Services Regulatory Authority of Ontario is required to practise in Ontario.
Which exams are required?
Ontario Mortgage Licensing Equivalency Course (OMC) quiz.
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