How much does it cost to become a mortgage agent in Ontario?

SHORT ANSWER

The FSRA licence application fee is $941, prorated by month, plus $19.15 for the criminal record check and the course fee set by your provider.

There are three costs. The FSRA licence application fee is $941, prorated by month. The criminal record check is $19.15. The course fee is set by the approved provider you choose, and each provider publishes its current prices.

Course fees vary by provider and format. Our answer on REMIC or Mortgage Professionals Canada lists the October 2026 prices side by side.

The licence application runs through your brokerage, so you need a brokerage lined up before the licence can be issued.

Our approach

We onboard licensed brokers only, so the licence is yours to earn before we can help with anything else. After that you get weekly lender training, a team chat where new and experienced brokers answer around the clock, and senior brokers who will work your first files alongside you. There is no scripted programme with a guaranteed timeline. There is a room full of people who pick up.

Read the full guide

The course, the FSRA application through your brokerage and the deadlines that apply.

How to become a mortgage agent in Ontario

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