The Globe and Mail Names HomeEquity Bank in its Ranking of Canada’s Top Growing Companies for a Fifth Time
Toronto, ON, September 26, 2025 – HomeEquity Bank, Canada’s leading provider of reverse mortgages, is proud to announce it has been recognized in the Report on Business ranking of Canada’s Top Growing Companies for the fifth time.
Assessed on three-year revenue growth, HomeEquity Bank earned its spot after reporting over $1 billion in reverse mortgage originations for the fourth consecutive year. The value of the Bank’s total reverse mortgage portfolio under management stood at over $8.8 billion as of December 2024, further cementing its reputation as Canada’s undisputed market leader.
The Bank is also well positioned for sustained growth as the Canadian population continues to age and looks to access the significant equity and savings in their homes.
“As the only bank in Canada solely dedicated to understanding and serving the evolving needs of Canadians 55+, we’re honoured to be recognized as one of Canada’s Top Growing Companies,” says Yvonne Ziomecki-Fisher, Chief Customer, Brand and Advice Officer at HomeEquity Bank. “This award is a testament to our unwavering commitment to empowering Canadians 55 and better with financial solutions that deliver confidence and peace of mind while helping them live the retirement of their dreams. Whether it’s providing tax-efficient access to home equity for renovations, gifting, or supplementing retirement income, our growth is driven by the real-life goals of our clients and the trust they place in us to help them achieve them.”
“Our annual ranking of Canada’s Top Growing Companies reflects the sector-spanning ingenuity of this country’s entrepreneurs and corporate leaders,” says Dawn Calleja, Editor of Report on Business magazine. “And we think it’s important to tell their stories, to help inspire the next generation of up-and-comers across the country.”
About HomeEquity Bank
HomeEquity Bank is a Schedule 1 Canadian Bank offering a range of reverse mortgage solutions including the flagship CHIP Reverse Mortgage™ product. The company was founded more than 35 years ago to address the financial needs of Canadians who wanted to access the equity of their top asset – their home. The Bank is committed to empowering Canadians aged 55 plus to live the retirement they deserve, in the home they love. HomeEquity Bank is a portfolio company of Ontario Teachers’ Pension Plan Board, a global investor that delivers retirement income for 340,000 current and retired teachers in Ontario. For more information, visit www.chip.ca.
About Canada’s Top Growing Companies
Canada’s Top Growing Companies is an editorial ranking that was launched in 2019 to celebrate the achievements of innovative businesses in Canada. To qualify for this voluntary program, companies had to complete an in-depth application process and fulfill revenue requirements. In total, 417 companies earned a spot on this year’s ranking.
The full list of 2024 winners along with editorial coverage is published in the October issue of Report on Business magazine. The list is out now and online here.
About The Globe and Mail
The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With our award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 6.1 million readers every week in our print or digital formats, and Report on Business magazine reaches 2.7 million readers in print and digital every issue. Our investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.
