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2014 Mortgage Renewal Tracking Report

The Financial Services Commission of Ontario (FSCO) is providing the licensing statistics below in order to keep the mortgage brokering industry up-to-date on the number of licensing applications that have been received and renewed.
 
Principal brokers need to be aware that all mortgage broker and agent licences will expire on March 31, 2014, unless an application for a licence renewal is submitted to FSCO through Licensing Link.
 

Apply Early

Since FSCO is expecting a high volume of applications in March 2014, please apply early.
 
If the principal broker does not submit licence renewal applications for brokers and agents by March 31, 2014:
 
  • The mortgage brokers' and agents' licences will expire on March 31, 2014.
  • The mortgage brokers and agents will not be authorized to deal or trade in mortgages after March 31, 2014.
  • 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 to FSCO is March 31, 2014. The 2014 renewal period closed March 31, 2014.
 
 

Mortgage Broker and Agent Licence Renewal Statistics as of April 1, 2014 

 
Application Type
*Total Number of Licensees
Total Number of Renewals Received to Date
Percentage of Total Licensees that have had their Licences Renewed
Principal Broker
1204
 1070
 89%
Mortgage Broker
1463
 1340
 92%
Mortgage Agent
9893
 8054
 81%
 
​*Adjusted for 1st quarter results
OutageService Disruption Notice: Please note that due to scheduled maintenance, Licensing Link (Mortgage and Insurance) and the Service Provider Licensing Application will be unavailable between 6:00am to Noon on Sunday, October 5, 2014.
 
Apply Now for a Service Provider Licence

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