Many people, from recent grads to seasoned professionals, are turning to mortgage brokering in Ontario, drawn by the demand for flexible, well-paying careers in real estate and finance. But before you dive in, there are some essential things to know about the Ontario Mortgage Agent Course and how to get licensed.
This guide will walk you through everything: eligibility requirements, course content, time commitment, cost, and the FSRA licensing process. Let’s set you up for success in your journey toward becoming a licensed mortgage agent in Ontario.
How to become a mortgage agent in Ontario ?
Before enrolling, it’s important to understand the mortgage agent licensing requirements set by FSRA (Financial Services Regulatory Authority of Ontario). Who Can Become a Mortgage Agent in Ontario? To apply for a Mortgage Agent Level 1 license, you must:
- Be at least 18 years old
- Be a Canadian resident with a valid SIN
- Have a permanent Ontario mailing address
- Complete an FSRA-approved mortgage agent course
- Be hired/sponsored by a licensed mortgage brokerage
- Pass a suitability review (background check, honesty & integrity)
What’s in the Ontario Mortgage Agent Course ?
The Course of (Level 1) is a mandatory Mortgage agent license Ontario requirements. The goal is to give you a solid understanding of how mortgages work, how to stay compliant, and how to ethically serve clients.
Here’s what you’ll learn:
- Canadian mortgage basics (terms, types, repayment structures)
- Federal and provincial lending laws
- FSRA compliance and regulatory standards
- Role of agents vs. brokers
- Understanding credit reports and client needs
- Working with lenders and alternative options
- How to write mortgage applications
- Risk assessment and fraud prevention
Futhermore, Most courses end with a proctored final exam. You must score at least 60% to pass. Want to learn how successful agents attract leads? Explore Mortgage Squad’s proven marketing tools.
Time Commitment: How Long Does It Take?
The good news? You don’t need to spend months in school.
- Self-paced courses can take as little as 1 to 4 weeks, depending on your schedule.
- Most people complete it in 2–4 weeks part-time, while working or parenting.
- You have up to 6 months to complete the course (varies by provider).
Moreover, We equip our agents with smart tools, from CRM systems to deal-tracking dashboards. See what tech you’ll use at Mortgage Squad.
How Much Does It Cost?
Prices range from $350 to $450 CAD, depending on the provider. Here’s a quick comparison of FSRA-approved providers:
| Provider | Price | Format |
| REMIc | ~$395 | Online |
| CMBA Ontario | ~$375 | Live & online |
| Mortgage Professionals Canada (MPC) | ~$395 | Online |
| Humber College | ~$400 | Online |
Prices subject to change, check provider websites for the latest. If you are struggling with complex deals or client scenarios? Our team helps you break down underwriting basics.
What Happens After the Course?
Once you pass the exam, you’ll need to:
- Find a Sponsoring Brokerage:
FSRA requires you to work under a licensed mortgage brokerage that will apply for your license on your behalf.
- Apply for the FSRA License:
Your brokerage submits the application and fee through FSRA’s online portal is also according to the Mortgage agent license Ontario requirements.
- Start Your Career:
Once licensed, you can legally start helping clients with residential mortgages in Ontario.
New to the industry? Our step-by-step training will help you build confidence fast.
Is the Course Hard?
The course is beginner-friendly, but you need to be serious about studying.
Tips for success:
- Set aside dedicated time each day (1–2 hours)
- Take practice quizzes (offered by many providers)
- Review FSRA compliance topics carefully
- Ask questions in forums or discussion groups
If you’ve never worked in finance or real estate, don’t worry, many successful agents came from retail, hospitality, education, or tech backgrounds.
Why Take the Course Now?
The mortgage industry in Ontario is evolving fast. With rising interest in side gigs, self-employment, and home ownership, more people are looking for qualified professionals to guide them through the process.
Becoming a mortgage agent:
- Offers flexible hours
- Is low-cost to enter
- Requires no prior experience
- Can lead to a high-income career
Ready to Take the First Step?
Taking the Ontario Mortgage Agent Course could be your first step toward a more flexible, rewarding career. Whether you’re a parent looking for part-time work, a newcomer with finance experience, or someone craving a change you can do this.