Mortgage Broker Licence: Moving from Alberta to Ontario
The short answer
Extra steps
Applicants with eligible out-of-province licences may be exempt from Ontario's education requirements but must complete the Ontario Mortgage Licensing Equivalency Course (OMC) and a criminal record check before practising in Ontario. Source
“Applicants with eligible non-Ontario mortgage sector licences will be required to complete the Ontario Mortgage Licensing Equivalency Course (OMC) from a FSRA-approved provider.”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di...
Both provinces
| Licensed in Alberta | Moving to Ontario | |
|---|---|---|
| Licence status | Licence required | Licence required |
| Regulator | Real Estate Council of Alberta | Financial Services Regulatory Authority of Ontario |
| Guide | Mortgage broker in Alberta | Mortgage broker in Ontario |
Steps to transfer
Complete the OMC
Source
“Applicants with eligible non-Ontario mortgage sector licences will be required to complete the Ontario Mortgage Licensing Equivalency Course (OMC) from a FSRA-approved provider.”
fsrao.ca/licensing/mortgage-broker/apply-mortgage-broker-licence-di...Complete criminal record check
Processing time: Not stated by the regulator Check with Financial Services Regulatory Authority of Ontario
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