The Financial Services Regulatory Authority of Ontario published its Mortgage Brokering newsletter volume 8, highlighting new continuing education (CE) requirements for all mortgage agents and brokers and warning that licences will not be renewed unless the requirements are met by March 31, 2026. CE courses taken since April 2024 count toward the obligation. The newsletter also reiterates expectations on integrity, explains what to expect if selected for a FSRA examination, and emphasizes documentation and recordkeeping practices, including for suitability assessments, particularly amid economic uncertainty. For mortgage administrators, FSRA reminded firms to submit required financial filings within 90 days of fiscal year end and to follow the financial filing requirements that became effective December 31, 2024. FSRA said it will publish the 2023 Mortgage Brokerages and Administrators Annual Information Return Report on June 20, and flagged other sector updates including Tarion’s changes to the deposit protection process for new home warranties aimed at encouraging earlier registration of purchase agreements.

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