How to become a mortgage broker in BC

Q: What do you need to get in?

Minimum 19 years of age; Canadian citizenship, permanent residency, or valid work permit; English Language Proficiency Requirement (ELPR) satisfied; Suitable character check under the BC Mortgage Brokers Act. Some schools ask for more; check the school page.

Licensed Sub-Mortgage Broker · British Columbia

Help people get a home loan. You need a licensing course, an exam and registration.

How long

2 to 4 months (self-paced study)

Cost

Not published

1 school

Who licenses it

BCFSA

🏫Where you can take this: 1 school

🏢UBC Sauder School of Business (Real Estate Division)

THE ROUTE

The route at a glance

STEP 1

BCFSA Eligibility & Reputation Standards

Confirm age 19+ and financial suitability

STEP 2

UBC Sauder Mortgage Services Course

Complete UBC Sauder Mortgage Services Licensing Course

STEP 3

BCFSA Provincial Licensing Examination

Score 70%+ on 3-hour UBC Sauder licensing exam

STEP 4

Brokerage Employment & Sponsorship

Join an active licensed mortgage brokerage

STEP 5

BCFSA Sub-Mortgage Broker Licence Approval

Obtain official BCFSA Sub-Mortgage Broker Licence

JOB

Licensed Sub-Mortgage Broker Practice

Originate and fund client mortgages across BC

STEP 1

BCFSA Eligibility & Reputation Standards

Confirm age 19+ and financial suitability

STEP 2

UBC Sauder Mortgage Services Course

Complete UBC Sauder Mortgage Services Licensing Course

STEP 3

BCFSA Provincial Licensing Examination

Score 70%+ on 3-hour UBC Sauder licensing exam

STEP 4

Brokerage Employment & Sponsorship

Join an active licensed mortgage brokerage

STEP 5

BCFSA Sub-Mortgage Broker Licence Approval

Obtain official BCFSA Sub-Mortgage Broker Licence

JOB

Licensed Sub-Mortgage Broker Practice

Originate and fund client mortgages across BC

This is the overview. For the courses to take, the entry rules, the exams and the schools, open the full route.

See the full route, step by step →

THE JOB

What the job is like

Pay and outlook from WorkBC.

Pay

$22.50 – $52.88 / hr$34.46 median

Job outlook

2,890 forecasted job openings (2025–2035) · 2025–2035

Where the work is

Mainland / Southwest, Vancouver Island, Thompson-Okanagan

What a day looks like

You analyze client finances, evaluate mortgage lending products from financial institutions, and negotiate borrower financing.

Watch out for

Maintain strict borrower privacy and ensure full compliance with British Columbia Financial Services Authority lending rules.

Where it can lead

You can become the designated broker responsible for supervising an entire mortgage brokerage firm.

You can also specialize in commercial real estate loans, mezzanine funding, and construction syndications.

Source: WorkBC career profile, NOC 63102

JOBS

Find jobs

Live postings on the big job boards, searched for this job in British Columbia.

Job Board

WorkBC job board

Search “Mortgage Broker” in BC →

Job Board

Job Bank (Government of Canada)

Search “Mortgage Broker” in BC →

Job Board

Search “Mortgage Broker” in BC →

Job Board

Indeed

Search “Mortgage Broker” in BC →

QUESTIONS & ANSWERS

Common questions

How long does it take to become a mortgage broker in BC?

About 2 to 4 months of training. The main steps are BCFSA eligibility & reputation standards, UBC sauder mortgage services course, BCFSA provincial licensing examination, brokerage employment & sponsorship, BCFSA sub-mortgage broker licence approval, licensed sub-mortgage broker practice.

What do you need to get in?

Minimum 19 years of age
Canadian citizenship, permanent residency, or valid work permit
English Language Proficiency Requirement (ELPR) satisfied
Suitable character check under the BC Mortgage Brokers Act

Some schools ask for more; check the school page.

How much does a mortgage broker make in BC?

The WorkBC median is $34.46 / hour. Most earn between $22.50 and $52.88 / hour. 2,890 job openings are expected in BC over 2025–2035.

Do you need a licence?

Yes. You register with BC Financial Services Authority (BCFSA). Before that you pass BC Mortgage Brokerage Licensing Examination (3 hours, 70% passing mark).

WHERE TO TAKE THIS

Approved colleges, universities & providers

Accredited British Columbia institutions offering recognized programs and courses for this career.

Browse all BC institutions

🏢

UBC Sauder School of Business (Real Estate Division)

Vancouver & Online across BC · Online / BC-Wide

Course / Exam Prep

Mortgage Brokerage in British Columbia Course

The official statutory qualifying course for BCFSA sub-mortgage broker registration. Covers mortgage underwriting, mathematical calculations, and BC lending law.

Duration2–4 months

FormatOnline / Distance

Est. CostNot published

See the full page: Mortgage broker course →

Direct Enrolment Portal

How to become a mortgage broker in BC

The route at a glance

BCFSA Eligibility & Reputation Standards

UBC Sauder Mortgage Services Course

BCFSA Provincial Licensing Examination

Brokerage Employment & Sponsorship

BCFSA Sub-Mortgage Broker Licence Approval

Licensed Sub-Mortgage Broker Practice

BCFSA Eligibility & Reputation Standards

UBC Sauder Mortgage Services Course

BCFSA Provincial Licensing Examination

Brokerage Employment & Sponsorship

BCFSA Sub-Mortgage Broker Licence Approval

Licensed Sub-Mortgage Broker Practice

What the job is like

Find jobs

WorkBC job board

Job Bank (Government of Canada)

LinkedIn

Indeed

Common questions

How long does it take to become a mortgage broker in BC?

What do you need to get in?

How much does a mortgage broker make in BC?

Do you need a licence?

Approved colleges, universities & providers

UBC Sauder School of Business (Real Estate Division)

Mortgage Brokerage in British Columbia Course