Newmarket, Ontario · careers

Mortgage agent jobs in Newmarket

The short answer

Mortgage agent jobs in Newmarket are commission only, with no base salary. You need an Ontario mortgage agent licence from FSRA, and you can work remote or hybrid. We sponsor and train new agents, and welcome licensed agents who want to switch.

Mortgage Squad Advisors is where mortgage agents in Newmarket build a bigger book: $0 monthly fee for producers, live + virtual training, your own brand leads at full split plus house leads at 40/60, 100+ A/B/private lenders, and AI tools that do the busywork. FSRA Licensed #13737.

Established York Region market — family-driven, low-turnover. For an agent in GTA / York, that’s real, fundable volume — and with our full A/B/private lender shelf you can place the files Newmarket actually has.

Apply to join in Newmarket Call (905) 553-8550 Explore careers

FSRA #13737| $0 fee for producers| 100+ lenders

A couple reviewing mortgage options with an advisor in their living room

Licensed advisorsFSRA #13737 · 100+ lenders

Avg. price

$1,048,321

Newmarket average, 2026

Population

~90k

GTA / York

Lender shelf

100+

A · B · monoline · private

Your fee

for producing agents

Newmarket market

The Newmarket market for mortgage agents

Newmarket is an established, low-turnover York Region market where families tend to buy and stay, so the renewal and refinance book runs deep. Heritage streets near Main and newer enclaves like Stonehaven and Glenway draw distinct buyer profiles at different price points.

Newmarket's mortgage book is renewals, and renewals are where the money leaks

Newmarket is a low-turnover market. Families buy and stay, which means the everyday mortgage event here is not a purchase but a renewal — and renewals are the single most expensive piece of routine mortgage inertia in Canada. Your lender is required to send a renewal statement before maturity, and the offer inside it is not obliged to be the best rate that lender has, let alone the best rate available. Signing it back is the path of least resistance and frequently the most expensive one. The alternative is a switch or transfer to another lender at maturity, which moves the existing balance without increasing it. Because you are not borrowing more, a straight switch is usually a lighter transaction than a refinance, and many lenders will cover or contribute toward the legal and appraisal costs of taking your business — but it is still a new approval, so income, credit and the property are re-assessed, and the ratios are tested at the stress-test rate. That last point is the one that catches people: qualifying is not automatic simply because you have paid the mortgage for five years. Start the conversation roughly 120 days before maturity, which is the window in which most lenders will hold a rate for you, and shop it against your own lender's offer rather than instead of it.

Renewal, refinance or switch — three different products in York Region

The three options at maturity are often used interchangeably in conversation and are not remotely the same product. A renewal keeps the same lender and the same balance, and needs no re-qualification — which is exactly why lenders can afford to lead with an unremarkable rate. A switch moves the same balance to a new lender for a better rate, and requires a fresh approval. A refinance increases the balance — to consolidate debt, fund a renovation, or free equity — and is a different animal again: it is capped at 80% of the home's appraised value, it cannot be default-insured at any loan-to-value, and it triggers full legal costs and a new appraisal. A stand-alone HELOC is tighter still at 65% of value. In an established Newmarket market where owners have held for years, the temptation is to treat maturity as an opportunity to do all three at once; sometimes that is right, and sometimes the cheaper answer is a clean switch now and a separate equity conversation later, when there is a specific use for the money. We price all three against the actual numbers rather than assuming the biggest transaction is the best one.

An illustrative Newmarket file: the renewal that was signed on time

This is an illustrative composite drawn from the rules above — not a specific client, and not a promised outcome. A household receives a renewal statement six weeks before maturity, sees a rate that looks reasonable against what they remember, and signs it back to avoid the hassle. Nothing goes wrong; that is the point. There is no dispute, no declined application, no drama — just a rate that was never tested against the market, locked for another term, on a balance large enough that a modest difference compounds into real money over five years. The version of this file that ends better is not more sophisticated, it is just earlier: start about 120 days out, get a competing hold in hand, and then decide — including deciding to stay, which is a perfectly good outcome once it has been checked. The one caveat worth stating plainly is that switching still requires a fresh approval — a straight switch no longer faces the stress test, but the new lender still reviews income and credit — so if either has changed since the original approval, staying put may genuinely be the stronger move. That is exactly the kind of thing worth knowing four months before maturity rather than four weeks. Every real file is assessed on its own facts.

The Newmarket market guide for borrowers

The math in Newmarket

What a funded deal is worth in Newmarket

At Newmarket’s average price of about $1,048,321, a typical 80% loan-to-value mortgage is roughly $839,000. Lender finder’s fees on a deal that size usually run $6,700–$9,250 (about 0.8–1.1% of the mortgage) — and as a producing Mortgage Squad agent you keep up to 100% of it.

Illustrative, based on the GTA / York average selling price — your actual commission depends on the lender, the file and your split, and this is not a guarantee of earnings.

What our agents get

What do agents get when they join?

$0 fee for producers

No monthly desk fee for producing agents — your $150/mo is reimbursed when you fund $10M (or 15 deals) in a year.

Your leads + house leads

Leads you generate through your own brand and subdomain are 100% yours at your full split — plus house leads from our brokerage marketing at a 40/60 split on top.

Heavy training

Live and virtual sessions multiple times a week — underwriting, lender programs, and lead-gen.

Mentorship

A seasoned broker manager and team behind every file you submit.

100+ lenders

Full access to A, B, and private lenders — including the specialists most banks can't match.

AI + technology

Maya, our client-facing AI assistant, and Harvey, our back-office file tool, take the admin off your plate so you can spend your time with clients.

Free cards + headshots

Professional headshots and business cards to launch your personal brand.

Brand + lead-gen help

Marketing, lender presentations, and a special underwriting course to grow your book.

New to the industry?

How to become a mortgage agent in Newmarket

1. Complete the mortgage agent (Level 1) course approved by FSRA — Ontario’s mortgage regulator — and pass the licensing exam.
2. Get sponsored by a licensed brokerage — Mortgage Squad sponsors and onboards new agents in Newmarket.
3. Complete our onboarding + training, get your lender codes, and start writing deals with mentorship behind you.

Start your application

Careers FAQ — Newmarket

Questions about joining? Explore careers or call (905) 553-8550.

Do mortgage agent jobs in Newmarket pay a salary?+

How do I become a mortgage agent in Newmarket?+

In Ontario, you complete the FSRA-approved mortgage agent (Level 1) course, pass the exam, and get sponsored by a licensed brokerage. Mortgage Squad Advisors (FSRA #13737) sponsors and trains new agents in Newmarket — we'll walk you through licensing end to end.

What does it cost to join Mortgage Squad in Newmarket?+

There is no monthly fee for producing agents. The $150/month is fully reimbursed once you fund $10 million (or complete 15 funded deals) in a calendar year — so for active agents it's effectively $0. No franchise or desk fees.

Do you provide leads to agents in Newmarket?+

Yes — two ways. Leads you generate through your own brand and subdomain are 100% yours at your full split. On top of that, we hand you house leads from our own brokerage marketing at a 40/60 split (you/brokerage) — extra deals you wouldn't otherwise have, never distributed by seniority. We also help you generate your own through marketing, your personal brand, and lender presentations.

Can I switch my brokerage to Mortgage Squad in Newmarket?+

Yes — many of our agents transferred from other brokerages. We make the move in Newmarket simple: FSRA licensing transfer, lender re-papering, and onboarding are handled for you, usually within days.

What training and support do new agents get?+

Live + virtual training multiple times a week, one-on-one mentorship, a dedicated underwriting course, lead-generation coaching, and 24/7 communication. New agents in Newmarket are never on their own.

What lenders will I have access to?+

Our full network of 100+ lenders — the big banks, monoline A-lenders, credit unions, alternative/B-lenders, and private/MIC lenders — so you can place Newmarket files most brokerages would have to turn away.

Is Mortgage Squad licensed in Ontario?+

Yes. Mortgage Squad Advisors holds FSRA Brokerage Licence #13737, and every agent we sponsor is licensed by FSRA and FINTRAC-trained.

Careers in other Ontario markets

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Build your mortgage career in Newmarket.

Newly licensed or switching brokerages — let's talk. No pressure, just a real conversation about your growth.

Apply now Call (905) 553-8550