51% of first time buyers now use the services of a Mortgage Broker.
The mortgage brokering industry is overseen by the Financial Services Commission of Ontario.
All businesses and individuals who conduct mortgage brokering activities in Ontario...
...must be licensed with the Financial Services Commission of Ontario.
Brokers and agents need to meet certain qualifications relating to education, experience and suitability.
Each mortgage brokerage is required to have a principal broker to oversee its people and their transactions.
Consumers should make sure...
... that they’re dealing with licensed mortgage professionals.
If you want to use the services of a mortgage brokerage, broker, or agent...
...visit our website www.fsco.gov.on.ca ...
...and check out our database under the mortgage brokering for consumers section.