Mortgage Brokering
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The Financial Services Regulatory Authority of Ontario (FSRA) continues to focus on protecting consumers and achieving regulatory efficiency in the mortgage brokering sector. To align with these efforts, FSRA is working to implement the Government of Ontario’s proposed licensing exemption for certain businesses engaging in mortgage transactions.

FSRA is now consulting on proposed guidance on licensing exemption eligibility under draft proposed amendments to Ontario Regulation 407/07 under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA). The exemption applies to certain businesses that do not deal with individual consumers. This proposed guidance provides FSRA’s Interpretation of the types of businesses that would be exempt from licensing with FSRA.

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FSRA and the Ministry of Finance, in consultation with the industry, are working collaboratively to implement recommendations from the 2019 report on the government’s review of the MBLAA.

FSRA is continuing to work with those we regulate to ensure financial safety, fairness and choice for consumers and members. Learn more at

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  • Thank you for your feedback on FSRA’s proposed licence exemption guidance for mortgage transactions between sophisticated entities. Your feedback helped inform our final guidance, which we have now posted. A summary of stakeholder feedback is now available.

Before we begin, please make sure you do not include any personal or private financial information. If your inquiry does require this information be shared with us, please call us at 1-800-668-0128 or email us at [email protected] for instructions.

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[2021-014] Anoop Bungay -
MQCC™ (MortgageQuote Canada Corp. ( commends FSRA on its red-tape reduction initiative. As the creator of the World's first and only, regulatory-recognized, commercialized, errors/omission/professional liability-insured, regulatory-integrated, de jure National-International standards-based, Official Authentic Original™ (OAO™) GLOBAL AI BLOCKCHAIN BITCOIN CRYPTO™ SYSTEM-NETWORK, commencing at least as early as April 9, 2005, MQCC™ recognizes the importance of reduction of regulatory red tape for its Commercial and Organization (COIN™) System-Network Members. In particular, those MQCC™ System-Network Members that qualify as "permitted clients that are not individual" Member-Entities because they will benefit the most from greater efficiencies within their business activity of trading in real estate-secured, primary market, financial securities which are traded upon the world-famous MQCC real-estate and non-real-estate secured, fungible and non-fungible token (NFT)-integrated, binary digit and non-binary digit BLOCKCHAIN™, BITCOIN™, BITMORTGAGE™ CRYPTO™ trademark brand of applied conformity science, risk-based quality management System-Network-As-A-Service (SYSNAAS™) Global Computer Network. A quality managed Global Computer Network that provides the Chief Executive Officer (CEO) and Top Management of any FSRA regulatory-designated "Permitted Client" corporation or organization (COIN™) that is also a member entity of the MQCC™ Official Authentic Original™ (OAO™) GLOBAL AI BLOCKCHAIN BITCOIN CRYPTO™ SYSTEM-NETWORK, with the utmost assurance - at a Federal Canadian National and International-equivalent Standard - that their goods (products) and methods (services) conform to statutory, regulatory, investor, stakeholder and customer requirements; that their goods (products) and methods (services) can be marketed (under license) by the MQCC™ consumer and regulatory safety and source identification phrase trademark: SAFE, RELIABLE, GOOD; BETTER SAFER AND MORE EFFICIENT™. Feel free to visit to DISCOVER MQCC: DISCOVER AI BLOCKCHAIN BITCOIN CRYPTO™ and learn first-hand how, for over 14 years, MQCC™ silently and quietly manufactures trust (MQCC TRUST MACHINE™) through its Global Computer Network that inherently integrates regulatory requirements with real-world processes within a non-novel (exact) conformity science-based, decentralized, quality-managed, low-carbon emission environment that assures higher levels of trust through transparency, verifiability, data immutability, fact non-repudiation, traceability and more; continuously registered to ISO 9001:2000, ISO 9001:2008 and the current risk-based ISO 9001:2015 since at least as early as May 9, 2008. For the record, the only other apparent organization in Canada's "finance-related" sector that shares MQCC™ ISO 9001:2000, ISO 9001:2008 and the current risk-based ISO 9001:2015 registration designation (continuously), is the Bank of Canada. Visit,,,,,, and (and regulators/educators/consumers/investors/students) to learn more.
Mortgage Brokering
[2021-014] Giuliana (Julie) Galati - Canadian Development Capital & Mortgage Services Inc.

[2021-014] Judith Ann Gama - Aimacon International Inc.
I strongly believe that no person or entity should be exempted from Mortgage services licensing. Doing so will create utter chaos in the industry. Compliance and monitoring and consumer protection will be impossible. Everyone wishing to do mortgage service business should be licensed and be subjected to the same Rules and Regulations that apply to licenced Mortgage Brokers and Agents.
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