Richmond Hill, Ontario · careers

Mortgage agent jobs in Richmond Hill

Mortgage Squad Advisors is where mortgage agents in Richmond Hill 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 multi-cultural market with heavy investor activity. 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 Richmond Hill actually has.

Apply to join in Richmond Hill 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

$1,205,777

Richmond Hill average, 2026

Population

~205k

GTA / York

Lender shelf

100+

A · B · monoline · private

Your fee

for producing agents

Richmond Hill market

The Richmond Hill market for mortgage agents

Richmond Hill, in the heart of York Region just north of Toronto, draws established, multi-cultural move-up buyers and investors to Bayview Hill and Oak Ridges, with the Yonge Street condo corridor adding rental supply. Files here often pair strong household income with equity drawn from an existing property toward the next purchase.

Richmond Hill recorded 161 sales with an average ldom of 37 days (TRREB Market Watch, August 2026) — the purchase pipeline an agent here is working, before renewals and refinances.

Richmond Hill detached sits above the insurance ceiling — the Yonge corridor doesn't

Richmond Hill's July 2026 all-types average selling price was $1,222,748, while the average detached sale was $1,569,133. That places the typical detached purchase above the $1.5-million line at which mortgage default insurance stops being available, and the typical condo or townhome purchase comfortably below it. The consequences diverge sharply. Below the ceiling, the tiered minimum down payment applies — 5% on the first $500,000 plus 10% on the balance — insurance is available, the premium is financed onto the loan, and a first-time buyer or a new-construction purchaser can use a 30-year amortization to lower the payment the stress test is applied against. Above it, insurance cannot be purchased at any price: 20% down is the legal minimum, roughly $313,827 on a $1,569,133 home, the amortization options narrow, and the file is underwritten conventionally, where the appraisal and the debt-service ratios both carry more weight. Richmond Hill's buyer mix makes this especially live, because so many local purchases are move-up files funded partly by equity from an existing property. Whether that equity arrives before or after closing — a sale that completes first, a bridge loan that spans the gap, or a refinance of the departing home — determines whether the 20% is actually in hand on the day the lender needs it.

York Region closing costs and the move-up sequencing problem

Richmond Hill is in York Region, which charges no municipal land transfer tax — so a purchase here pays Ontario's provincial tax only, where the same-priced home inside the City of Toronto would carry a second municipal tax on top, roughly doubling that line and payable in cash on closing. At Richmond Hill price bands, that difference is one of the larger single savings available on the closing statement, though the provincial tax alone remains substantial and the first-time-buyer rebate of up to $4,000 covers only a small share of it at these values. The sharper local problem is sequencing. A move-up buyer who must sell to fund the purchase faces a timing gap that lenders solve in specific ways: bridge financing covers the days or weeks between the purchase closing and the sale closing, but it generally requires a firm sale — a conditional one usually will not do — and it is short-term, interest-bearing money with its own setup cost. The alternative, closing the purchase without a sale, means qualifying while carrying both properties, which the debt-service ratios test at the stress-test rate on both mortgages at once. Neither is wrong; they are different risks. We map the two closing dates and the two carrying costs before the offer, so the choice is made deliberately.

An illustrative Richmond Hill file: equity that arrives one day late

This is an illustrative composite drawn from the rules above — not a specific client, and not a guaranteed outcome. A family buys up within Richmond Hill, funding the down payment from the sale of their existing home. The purchase closes on a Thursday; the sale closes on the following Monday. For those four days the down payment does not exist in cash, and the lender needs it on the purchase closing date. Bridge financing exists precisely for this, but it turns on the sale being firm — and if the sale is still conditional on the buyer's own financing, most lenders will not bridge against it. The alternatives are all worse and all avoidable: renegotiating closing dates late, borrowing expensively at short notice, or discovering that carrying both mortgages simultaneously fails the debt-service ratios at the stress-test rate. Because the detached price band here also frequently sits above the $1.5-million insurability ceiling, the amount that has to be bridged is often a full 20% rather than a tiered minimum, which makes the sequencing tighter still. The work is calendar work, done early. Every real file is assessed on its own facts.

The Richmond Hill market guide for borrowers

The math in Richmond Hill

What a funded deal is worth in Richmond Hill

At Richmond Hill’s average price of about $1,205,777, a typical 80% loan-to-value mortgage is roughly $965,000. Lender finder’s fees on a deal that size usually run $7,700–$10,600 (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

Everything you need to grow — nothing holding you back.

$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 Richmond Hill

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 Richmond Hill.
3. Complete our onboarding + training, get your lender codes, and start writing deals with mentorship behind you.

Start your application

Careers FAQ — Richmond Hill

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

How do I become a mortgage agent in Richmond Hill?

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 Richmond Hill — we'll walk you through licensing end to end.

What does it cost to join Mortgage Squad in Richmond Hill?

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 Richmond Hill?

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 Richmond Hill?

Yes — many of our agents transferred from other brokerages. We make the move in Richmond Hill 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 Richmond Hill 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 Richmond Hill 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.