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Get Licensed in British Columbia

Becoming licensed to provide mortgage services in British Columbia is governed by the BC Financial Services Authority (BCFSA). Effective October 13, 2026, the Mortgage Services Act (MSA) replaces the former Mortgage Brokers Act (MBA), introducing a new licensing framework for the mortgage services industry.

Individuals who wish to provide mortgage services must obtain a Mortgage Broker licence and work under the supervision of a licensed Principal Broker within a licensed Mortgage Brokerage. Under the MSA, the former "submortgage broker" registration category has been replaced by the Mortgage Broker licence level.

Organizations that wish to carry on the business of providing mortgage services must obtain a Mortgage Brokerage licence and appoint a licensed Principal Broker who is responsible for the supervision, control, and conduct of the brokerage's business.

For more information about licensing requirements, education pathways, and transition requirements, please visit the BCFSA website.

 

 

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