In order to become a licensed mortgage agent in Ontario, you must be authorized by a mortgage brokerage and agree to deal in mortgages for that brokerage only. You must also:
- Be 18 years of age or older
- Be a resident of Canada
- Have a mailing address in Ontario that can receive registered mail (not a PO box)
- Successfully complete an approved course and exam
Mortgage agent education program
Before applying for your broker licence, you will need to take a course, approved by the CEO of FSRA, and pass an exam. Courses are available in English and French and are offered by a number of different providers. You must apply for your agent licence within 2 years of completing the course.
Please note that while some providers may offer different course formats, i.e., classroom or online, the standard curriculum remains the same.
Where to find a course
Mortgage Professionals Canada (MPC)
Canadian Mortgage Brokers Association - Ontario (CMBA)
Real Estate and Mortgage Institute of Canada Inc. (REMIC)
You may also take a mortgage agent education program offered by various community colleges in Ontario including:
- Algonquin College
- Cambrian College
- Canadore College
- Centennial College
- Collège Boréal
- Confederation College
- Durham College
- Fanshawe College
- Fleming College
- George Brown College
- Humber College
- La Cité collégiale
- Lambton College
- Mohawk College
- Niagara College
- Northern College
- Sault College
- Seneca College
- St.Lawrence College