Province comparison
Mortgage Broker Licensing by Province
Licence status by province and territory
Boundaries simplified for display. Contains information licensed under the Open Government Licence – Canada. Source: Statistics Canada, 2021 Census boundary files.
- Licence required
- Not confirmed yet
- British Columbia: Licence required
- Alberta: Licence required
- Saskatchewan: Licence required
- Manitoba: Licence required
- Ontario: Licence required
- Quebec: Licence required
- New Brunswick: Licence required
- Nova Scotia: Licence required
- Prince Edward Island: Not confirmed yet
- Newfoundland and Labrador: Licence required
- Yukon: Not confirmed yet
- Northwest Territories: Not confirmed yet
- Nunavut: Not confirmed yet
Compare the provinces
Listed one-time fees
| Where | Fees | Route | No-fee steps |
|---|---|---|---|
| British Columbia | $1,500 | Trained in Canada | 2 |
| Alberta | $235 | Trained in Canada | 2 |
| Saskatchewan | Not listed | Trained in Canada | 5 |
| Manitoba | Not listed | — | — |
| Ontario | Not listed | Trained in Canada | 8 |
| Nova Scotia | $300 | Trained in Canada | 5 |
| Newfoundland and Labrador | $200 | Trained in Canada | 4 |
Listed time
Time not stated for every step: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia, and Newfoundland and Labrador.
Side by side
| Where | Routes | Exams | Language | Listed fees | Listed time | Median wage | Outlook |
|---|---|---|---|---|---|---|---|
| British Columbia | Trained in Canada, Licensed in another province | Mortgage Brokers Inter-Provincial and B.C. Procedures examination, Mortgage Services Licensing Examination, Mortgage Services Challenge Examination, B.C. Mortgage Services Interprovincial Examination | — | $1,500 (Trained in Canada) | — | $41.00 an hour | Moderate (3 of 5) |
| Alberta | Trained in Canada | — | — | $235 (Trained in Canada) | — | $41.03 an hour | Moderate (3 of 5) |
| Saskatchewan | Trained in Canada, Licensed in another province | — | — | Not listed | — | $42.97 an hour | Moderate (3 of 5) |
| Manitoba | — | Manitoba Mortgage Salespersons Licensing Course, Broker's Course | — | Not listed | — | $33.33 an hour | Moderate (3 of 5) |
| Ontario | Trained in Canada, Licensed in another province | Ontario Mortgage Licensing Equivalency Course (OMC) quiz | — | Not listed | — | $36.92 an hour | Moderate (3 of 5) |
| Nova Scotia | Trained in Canada, Licensed in another province | — | — | $300 (Trained in Canada) | — | $34.08 an hour | Moderate (3 of 5) |
| Newfoundland and Labrador | Trained in Canada, Licensed in another province | — | — | $200 (Trained in Canada) | 0.2 months (partial) | $34.44 an hour | Undetermined |
Moving between provinces
- Direct transfer (16)
- Extra steps (24)
- Not stated (32)
All answers as a table
Demand and pay
Median wage
| Where | Low | Median | High |
|---|---|---|---|
| Canada | $24.04 | $38.46 | $66.67 |
| British Columbia | $24.04 | $41.00 | $71.79 |
| Alberta | $25.00 | $41.03 | $76.92 |
| Saskatchewan | $32.00 | $42.97 | $72.12 |
| Manitoba | $24.00 | $33.33 | $47.00 |
| Ontario | $23.00 | $36.92 | $66.46 |
| Quebec | $24.95 | $37.82 | $61.58 |
| New Brunswick | $24.58 | $35.73 | $54.82 |
| Nova Scotia | $22.86 | $34.08 | $58.16 |
| Prince Edward Island | Not stated | Not stated | Not stated |
| Newfoundland and Labrador | $24.67 | $34.44 | $63.51 |
| Yukon | Not stated | Not stated | Not stated |
| Northwest Territories | Not stated | Not stated | Not stated |
| Nunavut | Not stated | Not stated | Not stated |
Job outlook
| Where | Outlook |
|---|---|
| British Columbia | Moderate (3 of 5) |
| Alberta | Moderate (3 of 5) |
| Saskatchewan | Moderate (3 of 5) |
| Manitoba | Moderate (3 of 5) |
| Ontario | Moderate (3 of 5) |
| Quebec | Good (4 of 5) |
| New Brunswick | Moderate (3 of 5) |
| Nova Scotia | Moderate (3 of 5) |
| Prince Edward Island | Outlook not determined |
| Newfoundland and Labrador | Outlook not determined |
| Yukon | Outlook not determined |
| Northwest Territories | Outlook not determined |
| Nunavut | Outlook not determined |
Tools and tables
- Licence transfer checker Already licensed in one province? See what another province asks for.
- Roadmap builder Your steps, listed fees and time for one occupation and province.
- Language test scores Minimum IELTS, CELPIP and other scores, by occupation and province.
- Credential assessments Which regulators ask for an assessment of your education.
- Licensing exams Which exams each regulator asks for.
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