Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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It is license renewal season for Ontario mortgage brokers and agents. This time of the year is also a busy season for the brokers. A lot of home buyers are searching for mortgage as they prepare to move into the new home coming spring and early summer. As a result the agents and brokers are busy. Paying less attention to renewal till the last moment.

In 2012 the mortgage brokers and agents showed the same type of urge to renew their licenses.

If you look at the renewal numbers from mid March in 2012 and the number currently displayed on FSCO website (21st March) then it becomes obvious that there will be a last minute rush to finish the procedure.

Upon checking carefully – the numbers did not really change much since then.

How it was in 2012

Type Total Total Renewals
Received to Date
Principal Broker 1173 338
Mortgage Broker 1514 297
Mortgage Agent 9707 1471

How it is now

Type Total Total Renewals
Received to Date
Principal Broker 1159 701
Mortgage Broker 1430 805
Mortgage Agent 9825 4276