Key takeaways
- →Job Bank classifies “Mortgage Broker” under NOC 11109 and reports a Canada-wide hourly wage range of $24.04 to $66.67, with a median of $38.46 (updated November 2025).
- →That range reflects an hourly-wage conversion of reported earnings across the occupation — it does not describe how any individual agent is actually paid.
- →Most agents are paid through commission splits with their brokerage, not an hourly wage, so the Job Bank figure is a benchmark, not a substitute for understanding the split.
- →Part-time and mixed-income agents are included in the same occupational data, which skews any single figure away from what a full-time, several-years-in agent might earn.
Ask ten mortgage agents what they earn and you'll get ten different answers, because commission structures, deal volume, and years in the business vary enormously. Rather than guess at an average, this piece sticks to the one number that comes from a verifiable public source: Job Bank's wage data for the occupation.
Below is that figure, what it does and doesn't tell you, and why it needs to be read alongside how commission actually gets split and paid — not on its own.
01 · What does Job Bank actually report for mortgage brokers?
Job Bank classifies “Mortgage Broker” under NOC 11109 (Other financial officers) and, as of its November 19, 2025 update, reports a Canada-wide hourly wage range of $24.04 (low) to $66.67 (high), with a median of $38.46 per hour.
| Measure | Hourly wage |
|---|---|
| Low | $24.04 |
| Median | $38.46 |
| High | $66.67 |
Job Bank also reports that 95.9% of workers in this occupation nationally receive at least one type of non-wage benefit, though it does not break that figure down specifically for commission-based independent agents versus salaried staff within the same NOC code.
02 · Why does an hourly wage figure matter for a commission-based job?
Job Bank's wage survey reports figures on an hourly basis regardless of how a given occupation is actually compensated, converting reported earnings into an hourly equivalent for comparability across occupations. It is not a statement that mortgage brokers are paid hourly — most are not.
That means the range is useful as a rough benchmark of overall earnings spread across the occupation, but it says nothing about how any individual agent's pay is actually structured deal to deal. For that mechanic, see how mortgage agents actually get paid in Canada.
03 · Why does the same job title produce such a wide income range?
Commission-based work naturally produces a wide spread: deal volume, average file size, the split arrangement with a brokerage, and years in the business all move the number substantially for two agents holding the identical licence. A newly licensed agent and a ten-year producer can both be counted under the same NOC code with very different actual take-home.
The split itself — what portion of commission a brokerage keeps versus pays out — is one of the biggest levers, and it's a question worth asking directly when choosing a brokerage, since it changes what the same closed volume actually pays.
More funded files, less time lost to admin
The income math improves when more files actually close.
Treadstone's fulfillment associates help agents move more files to close without adding headcount, which is one of the real levers behind the spread in that Job Bank range.
04 · Does part-time work skew the occupational data?
Yes, in the sense that Job Bank's data covers everyone reporting income under the occupation, including agents working part-time alongside another job. A part-time agent's hourly-equivalent figure can look very different from a full-time agent's, even though both are counted in the same low-median-high range.
That's one more reason to treat the Job Bank figure as a starting benchmark rather than a prediction of your own year-one or year-five income.
05 · So what should a prospective agent actually do with this number?
Use it as a sanity check, not a promise. Ask a prospective brokerage about its actual split structure, understand how employee versus independent-contractor arrangements change the math, and revisit the honest self-assessment in is mortgage brokering right for you before assuming any single figure describes your own outcome.
Frequently asked questions
This article is general information to help you scale — not a substitute for tailored advice on your specific business, licensing, or compliance obligations. All figures are illustrative examples for planning purposes; actual costs vary by province, market, and brokerage.