Ontario Mortgage Agent Course 

Level 1 Mortgage Agent Licensing

This course is the required first step to becoming a licensed mortgage agent and a mortgage broker in Ontario. This course is approved for licensing as a level 1 mortgage agent by the Financial Services Regulatory Authority of Ontario (FSRA). Our mortgage agent course can be completed either online or in-class and is based on the 6th edition textbook Introduction to the Canadian Mortgage Industry.

The in-class course is delivered over 5 consecutive weekdays or Saturdays, from 9:00am to 4:30pm, and is taught by seasoned mortgage industry professionals. The online course takes roughly 40 hours to complete. Students must ensure to finish their studies within 6 months of registering.

Upon course completion, students are required to write a final examination. Exam rewrites are available for students who require it. Once a student has passed the final exam, they will be eligible to join a mortgage brokerage, who will then submit their application for licensing to provincial regulators.

Register now to begin the path to your exciting new career in the mortgage broker channel!


Mortgage Professionals Canada's Virtual New Agent Symposium brings together speakers and mentors to help support newcomers to the mortgage industry as well as individuals looking to brush up on mortgage basics.

This offer is only available to MPC students who are registered in an introductory licensing course. Students will automatically receive an emailed invitation to attend the next scheduled Virtual New Agent Symposium for free!

IN-CLASS (MPC Head Office)
VIRTUAL CLASS (Zoom Meeting)


*Online self study does not include virtual classes.

*Online self study does not include virtual classes.


Please make sure to read the Course and Cancellation Policies, as well as the Learners Code of Conduct prior to registering for the course.

This course covers all the key topics, skills and knowledge necessary for you to successfully enter the industry as a mortgage agent. See below for the course syllabus:


  • Module 1 - Overview of the Industry
  • Module 2 - Regulatory Framework
  • Module 3 - Legal Overview
  • Module 4 - Mortgage Mathematics
  • Module 5 - Understanding The Mortgage Process
  • Module 6 - Completing The Mortgage Application
  • Module 7 - Qualifying The Borrower
  • Module 8 - Mortgage Products, Related Products, And Submitting The Application
  • Module 9 - Appraisals
  • Module 10 - The Closing Process
  • Module 11 - Protecting Consumers & Increasing Industry Professionalism


Once you've completed the Ontario Mortgage Agent Course, you will need to apply for your level 1 mortgage agent license with FSRA. Below is a list of the eligibility requirements for licensing: 

  1. Be 18 years of age or older. 
  2. Be a resident of Canada.
  3. Have a mailing address in Ontario that can receive registered mail (no P.O. box)
  4. Be authorized by a mortgage brokerage to deal in mortgages
  5. Work for only one mortgage brokerage.
  6. Have a valid email address.
  7. Meet the mortgage agent education requirements.
  8. Be suitable for a licence.

For more detailed information on obtaining your level 1 mortgage agent license, please visit the FSRA's licensing requirements page.


    Got a question? Try browsing our FAQ below for help. If your question is still not answered, please call us at 416-385-2333 x2610 for further assistance!

    1. For the in-class courses, what locations are there?
      We have two locations:
      • GTA West - 5110 Creekbank Rd (CHSI), Mississauga OR
      • 4180 Duke of York Blvd (Sheridan College HMC)
    2. What is the passing grade?

    3. What happens if I fail?
      Rewrites are free for scheduled exams at our MPC facilities. However, a fee of $75 would apply if booking an individual exam outside the GTA or booking an online exam. You must re-write the exam within 6 months of receiving pass/fail email notification. If you fail a second time, you will need to re-enrol in the course.

    4. How do I book an exam and where can I write it?
      Online learners need to complete their course before an exam date can be booked. Once complete, learners will have access to the BOOK EXAM button on their My Activities page, which will permit them to schedule an exam sitting of their choosing. For in-class students, the final exam is held on the last day of class. 

    5. Does the exam cost money?
      Online exams cost $75. In-person exams cost $100.

    6. How can I request a rewrite and how many rewrites do I get?
      Email exams@mpc.ca  to schedule a re-write within 6 months of receiving your grade. Only 1 rewrite is permitted. If you fail the rewrite, re-enrolment would be required to continue with your studies.

    7. I don’t live in the GTA, can I write my exam in another city?
      Individual exam bookings outside the GTA are $75+HST. Email a written request to exams@mpc.ca  to determine the test centre closest to you and to finalize a booking.

    8. How do I request an exam deferral?
      Exam deferrals are permitted for in-class students who require one because of a medical issue, or due to extenuating circumstances.  Please ensure to receive official approval from the Education Department for an exam deferral by emailing exams@mpc.ca Approval for an exam deferral must be finalized prior to your scheduled exam date.

    9. When will my textbook arrive?
      In-class students receive their text book on the first day of class. Students registered in virtual classes, as well as online students, receive their textbook within 5 business days via FEDEX Express Post. All students receive a link to the e-textbook in their registration confirmation email sent by the Education Department

    10. When do I get access to my online program?
      Online access is available immediately upon registration. Students can either download their e-textbook from their online course or use the link provided to them in their registration email (welcome email).

    11. Can I place a hold on my course, or transfer my registration to another person?
      No. However, exceptions may be made if requests are submitted to the Education Department by email for review.

    12. Do I need to attend all 5 days of the course?
      Yes! Attendance on all days of class is mandatory and is is strictly monitored. Full course participation is required in order for students to be eligible to write the final exam.

    Testimonials from Past Participants