Ontario Mortgage Licensing Equivalency Course 


Mortgage Professionals Canada (MPC) is proud to be your education provider of the Ontario Mortgage Licensing Equivalency Course. This course is an education requirement for out-of-province licensed applicants applying for a mortgage Agent/Broker licence in Ontario. The course will focus on competencies that are Ontario-specific to ensure out-of-province applicants have knowledge of the requirements included in the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA), its regulations and FSRA’s guidance and rules that differ from other jurisdictions.

The online course takes 2 hours to complete and is followed by a 30 minute final exam comprised of 20 multiple-choice questions. The passing grade is 70%.

Upon completion of the course and quiz, out-of-province applicants will be able to demonstrate knowledge of the requirements to practice the mortgage broker/agent occupation in Ontario. Specifically, they will be able to:

  • Explain the legal and regulatory framework that applies to mortgage brokering in Ontario;
  • Differentiate between mortgage brokerage/broker/agent/administrator in Ontario; and
  • Apply the requirements (including standards of practice) applicable to mortgage brokering in Ontario


  • $99 Members
  • $149 Non-Members


Please make sure to read the Learners Code of Conduct prior to registering for the course.

This course covers all the key topics from the MBLAA and its Regulations required for you to successfully pass the final exam and obtain your equivalent Ontario mortgage licence:

  1. Licensing Requirements
  2. Role of the Principal Broker
  3. Mortgage Suitability
    • Reasonable steps in Ontario
    • Private lending in Ontario
  4. Disclosure Requirements
  5. Regulation and Enforcement
  6. Filings, Errors and Omissions (E&O) insurance and Financial Guarantee requirements
  7. Standards of Practice
  8. Continuing Education Requirements

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. What is the passing grade?

  2. What happens if I fail?
    Students have unlimited attempts at the final quiz. There is no fee to rewrite.

  3. How do I book my end of course quiz?
    Online learners need to complete their course before they can attempt the final quiz. Once online modules are complete, learners will have access to the BOOK EXAM button on their My Activities page. 

  4. Does the quiz cost money?
    The final quiz is included with the course fee.

  5. When do I get access to my online program?
    Online access is available immediately upon registration.

  6. 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.