Press Releases
Nominations now open for HomeEquity Bank’s annual Home Care Heroes Awards
Honouring Personal Support Workers’ Vital Impact on Canadians TORONTO, April 3, 2023 - HomeEquity Bank, provider of the CHIP Reverse Mortgage, today announced that nominations for the second annual Home Care Heroes Awards are officially open. The awards acknowledge the vital work that hundreds of thousands of Personal Support Workers (PSWs) and in-home healthcare professionals provide for Canadians who want to age in-place, something that HomeEquity Bank believes all Canadians should have the right to do. Building on t
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HomeEquity Bank total reverse mortgage portfolio exceeds $6 billion in 2022
Reverse mortgage originations surpass $1B for the second time TORONTO, Jan. 18, 2023 - HomeEquity Bank, provider of the CHIP Reverse Mortgage, reported more than $1 billion in reverse mortgage originations for 2022, making it the second year the bank has surpassed the billion-dollar mark. This milestone represents a 30 per cent increase over 2021. The value of the bank's total reverse mortgage portfolio under management now stands at $6.28 billon, further entrenching it as Canada's undisputed market leader. In 2022, the ban
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Waterstone Human Capital Names HomeEquity Bank to its Most Admired Corporate Cultures list for the First Time
TORONTO, ON, November 24, 2022 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, is pleased to announce it has been recognized in the Waterstone Human Capital Most Admired™ Corporate Cultures list for the first time. Canada’s Most Admired Corporate Cultures is a national program, now in its 19th year, that annually recognizes best-in-class Canadian organizations for having cultures that have helped them enhance performance and sustain a competitive advantage. HomeEquity Bank was named to the list in the Mid
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Home is where the heart is this Remembrance Day: HomeEquity Bank reminds Canadians of wartime sacrifice with Letters Home, a new Digital Poppy fundraiser that shares real letters from Canadian soldiers with current homeowners
Authentic letters sourced from the Canadian Letters & Images Project connect Canadians with soldiers who fought in the First and Second World Wars, providing an honest and thought-provoking reminder of their sacrifice The historical letters are being delivered to their original destinations across Canada and include QR codes to help drive Digital Poppy sales at mypoppy.ca Letters-Home.ca is an interactive tool to help Canadians of all ages feel connected to veteran stories TORONTO – Nov. 2, 2022
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The Globe and Mail Names HomeEquity Bank in its Ranking of Canada’s Top Growing Companies for a Third Time
TORONTO, ON, September 23, 2022 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, is pleased to announce it has been recognized in the Report on Business ranking of Canada’s Top Growing Companies for the third time. Assessed on three-year revenue growth, HomeEquity Bank earned its spot in the ranking with three-year growth of 63 per cent. In 2021, HomeEquity Bank reported over $1 billion in reverse mortgage originations for the first time ever. This milestone represents a 28 per cent increase over 2020. The
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