Prince Edward Island · FINTRAC

Mortgage CRM for Prince Edward Island brokers: No provincial licence to track, which makes FINTRAC the floor

A mortgage CRM for Prince Edward Island has less provincial licensing to track than anywhere else in Canada — we could not find a PEI statute or regulator that licenses mortgage brokers — so the federal FINTRAC obligations are the compliance baseline. PEI is Canada's smallest market by volume, which means the agents who do well are almost entirely referral-driven and depend on keeping past clients close.

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Orientation, not legal or licensing advice. Rules change — confirm current requirements with PEI's Financial and Consumer Services Division. Checked against official sources September 2026.

Pipeline

New lead12

Charlottetown enquiry

Pre-approval

Web form

In review8

Docs received

Purchase

Ready

Submitted5

Summerside refinance

Awaiting lender

Funded31

Renewal set

120-day alert

The short answer

What should a mortgage CRM in Prince Edward Island keep track of?

FINTRAC identity verification and five-year record retention on every file, because that is the obligation that certainly applies; your own brokerage's standards, since the province sets none that we could find; and a past-client book worked for referrals in a small market. Mortgage360 records the identity method on the deal and keeps maturity dates from funding.

Regulator: FINTRAC, the federal regulator — we could not find a provincial body that licenses mortgage brokers on the Island.
Governing law: No provincial mortgage-broker statute found.
No provincial licence found.
Licensed elsewhere.
FINTRAC.
Real property transfer tax.

None found

Provincial licence

Confirm with the Province.

Oct 2024

FINTRAC coverage

Mortgage brokers became reporting entities.

5 years

FINTRAC records

Minimum retention.

RPTT

Transfer tax

First-time buyer exemption available.

Licensing · FINTRAC

Who licenses mortgage professionals in Prince Edward Island

No provincial licence found — Confirm with PEI's Financial and Consumer Services Division before relying on it.
Licensed elsewhere — Brokers who also work in other provinces still need those provinces' licences for those clients.
FINTRAC — Mortgage brokers, lenders and administrators have been FINTRAC reporting entities since October 11, 2024.

Education, renewals and records

The PEI compliance calendar

With no provincial licence, there is no provincial continuing-education cycle that we could find. What remains is federal.

FINTRAC requires a compliance program, including training, for mortgage brokers.
Networks, lenders and your own brokerage may set their own standards — record them if they do.
FINTRAC: keep records for at least five years from creation, and copies of reports for at least five years after submission, in a form you can produce within 30 days of a request.

What the buyer pays at closing

Real property transfer tax

PEI charges a real property transfer tax on transfers. Qualifying first-time home buyers can claim an exemption, which the Province handles through a declaration and refund process.

The Prince Edward Island transfer-tax calculator runs the figure for a specific price.
Closing costs: Legal, inspection and adjustments alongside the transfer tax.
The Prince Edward Island rates board is a preview with sample rates, not live lender quotes.

In Mortgage360

What the CRM keeps on the record for PEI

None of this needs a separate compliance spreadsheet. The dates and statuses above sit on the agent, office and deal records they belong to, and the funded book carries its maturity dates forward for renewals.

FINTRAC identity verification recorded on the deal, with the method captured.
Five-year retention handled by the platform rather than a folder convention.
Past clients kept close — maturity dates and referral prompts for a referral-driven market.
Licences held in other provinces tracked for agents who work across the Maritimes.

See it on your own pipeline

A 30-minute walkthrough using your own deal flow — not a canned demo file.

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Questions

Frequently asked

Who regulates mortgage brokers in Prince Edward Island?

We could not find a PEI statute that licenses mortgage brokers, and the industries PEI's Financial and Consumer Services Division lists as regulated do not include them. Industry reporting says the same. That is an absence of evidence, so confirm your position with the Division before relying on it. Treat this as orientation, not legal or licensing advice, and confirm current requirements with PEI's Financial and Consumer Services Division.

What licence do you need to arrange mortgages in Prince Edward Island?

No provincial licence found: Confirm with PEI's Financial and Consumer Services Division before relying on it. Licensed elsewhere: Brokers who also work in other provinces still need those provinces' licences for those clients. FINTRAC: Mortgage brokers, lenders and administrators have been FINTRAC reporting entities since October 11, 2024.

What transfer tax does a buyer pay in Prince Edward Island?

PEI charges a real property transfer tax on transfers. Qualifying first-time home buyers can claim an exemption, which the Province handles through a declaration and refund process. Our Prince Edward Island calculator runs the figure so you can share it with a client.

How long do Prince Edward Island mortgage records have to be kept?

FINTRAC: keep records for at least five years from creation, and copies of reports for at least five years after submission, in a form you can produce within 30 days of a request. Separately, FINTRAC has required mortgage brokers to keep identity and transaction records for at least five years since its mortgage-sector obligations took effect on October 11, 2024.

Official sources for Prince Edward Island

Every licensing and record-keeping statement on this page comes from these pages. Where none of them stated a rule, the page says to confirm with PEI's Financial and Consumer Services Division instead of guessing.