HomeEquity Bank to be acquired by Ontario Teachers’. Learn more.

Steven Ranson

Steven Ranson is the President and CEO of HomeEquity Bank, a federally-regulated, Schedule 1 Canadian bank and the only national provider of the CHIP Reverse Mortgage®solution.  Appointed President in 1998 and CEO in 2001, Mr. Ranson has led HomeEquity Bank through the public offering of Home Equity Income Trust in 2002 and the subsequent creation of HomeEquity Bank in October 2009.

Under Mr. Ranson’s leadership, HomeEquity Bank has substantially expanded and has been named one of PROFIT 500’s fastest growing companies in both 2016 and 2017.  In his role, Mr. Ranson is responsible for setting the strategic direction for the Bank and has continued to grow the business by creating sustainable, long-term value and delivering performance consistent with the interests of its clients, the general public, employees and owners.

As the only Canadian bank that deals exclusively with seniors, Mr. Ranson is frequently asked to speak about topics related to aging in place, financial planning, proactive home equity release, the real estate market and mortgage trends.

Mr. Ranson holds a Bachelor of Commerce from the University of Toronto and a Masters, Business Administration from York University. He is a Chartered Professional Accountant and has served on the Audit Committee for First Capital Realty Corp.

As a community leader and avid cyclist and skier, Mr. Ranson has served as Alpine Ontario’s Director and Treasurer and participates in the annual Wellspring Ride for Cancer Support.  Mr. Ranson is also a member of the SSGF Campaign Cabinet for the YMCA of Greater Toronto.