The Financial Services Commission of Ontario (FSCO) is providing the statistics below in order to keep the mortgage brokering industry up-to-date on:
Principal brokers need to be aware that all mortgage broker and agent licences will expire on March 31, 2018, unless an application for a licence renewal is submitted to FSCO through Licensing Link.
Apply Early
If the principal broker does not submit licence renewal applications for the mortgage brokerage's agents and brokers by March 31, 2018:
- The mortgage brokers' and agents' licences will expire on March 31, 2018.
- The mortgage brokers and agents will not be authorized to deal or trade in mortgages after March 31, 2018.
- The mortgage brokers and agents will need to apply for a new licence and pay the new applicant fee, if they wish to conduct mortgage brokering activities.
Note: The deadline for submitting licence renewal applications for FSCO is March 31, 2018.
2018 Mortgage Licence Renewal Tracking Report
Mortgage Brokers and Agents Who Have Completed the Continuing Education Course as of
April 1, 2018
| Principal Broker | 1,214 | 1,196 |
| Mortgage Broker | 1,611 | 1,587 |
| Mortgage Agent | 12,432 | 11,113 |
Mortgage Broker and Agent Licence Renewal Statistics as of April 1, 2018
| Principal Broker | 1,214 | 1,132 | 90.44% |
| Mortgage Broker | 1,611 | 1,467 | 89.20% |
| Mortgage Agent | 12,432 | 9,960 | 78.47% |
*Adjusted for 1
st quarter results