09.13.18

Canadian Business names HomeEquity Bank to their 30th annual list of Canada’s Fastest-Growing Companies

TORONTO, Sept. 13, 2018 /CNW/ - Today, Canadian Business and Maclean’s recognized HomeEquity Bank providers of the CHIP Reverse Mortgage®(chip.ca) on their 30th annual Growth 500 - the definitive ranking of the Fastest-Growing Companies in Canada.  Published in the October issue of Canadian Business magazine published with the October issue of Maclean’s and at CanadianBusiness.com, the Growth 500 ranks Canadian businesses by their five-year revenue growth. HomeEquity Bank, a federally-regulated, Schedule 1 Canadian

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Joyce Wayne news 680
06.18.18

HomeEquity Bank Featured on 680 News

Joyce Wayne was featured on 680 News Toronto on June 9 and 10 explaining the benefits of the CHIP Reverse Mortgage® and how it can help Canadian Homeowners aged 55+ continue to live in their homes while making possible the pursuit of new careers and pursuing their passions. Listen to the full segment now. Listen Now About HomeEquity Bank HomeEquity Bank, a federally-regulated, Schedule 1 Canadian bank, is the only national provider of the CHIP Reverse Mortgage® solution. Founded 30 years ago, HomeEquity Bank has b

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09.14.17

HomeEquity Bank Listed On The 2017 Profit 500

Canadian Business unveils 29th annual list of Canada’s Fastest-Growing Companies TORONTO, Sept. 14, 2016/ CNW/ - Canadian Business and PROFIT today placed HomeEquity Bank on the 29th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the October issue of Maclean’s magazine and at CanadianBusiness.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth. HomeEquity Bank, a federally-regulated, Schedule 1 Canadian bank, and the only national provider

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08.28.17

HomeEquity Bank announces its inaugural $120 million syndicated credit facility

Toronto, August 28, 2017 – HomeEquity Bank (the “Bank”) announced that it has arranged a $120 million senior revolving credit facility (the “Facility”), secured by a portfolio of reverse mortgages. This Facility has been provided by a syndicate of five leading lenders and is renewable annually. CIBC served as Sole Lead Arranger and Sole Bookrunner, and will act as Administrative Agent under the Facility. The other syndicate members are ICICI Bank Canada, The Bank of Nova Scotia, National Bank of Canada and Raymond

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06.08.17

HomeEquity Bank Posts Record Growth For May 2017

TORONTO, June 8, 2017 – HomeEquity Bank, provider of the CHIP Reverse Mortgage™, continued its steady growth and performance in the five months of fiscal 2017. Record reverse mortgage originations of $60MM for the month of May resulted in a year-to-date increase of 35 per cent compared with the same period a year ago. “Canadian seniors are releasing the equity they’ve built in their homes, transforming it from passive to active,” said Steven Ranson, HomeEquity Bank’s president and CEO. “We’ve seen a shift

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HomeEquity Bank Growth 500 2019
09.12.19

HomeEquity Bank Named to the 2019 Growth 500 List for the Fourth Year in a Row

TORONTO, Sept. 12, 2019 – Today, Canadian Business and Maclean’s Magazine unveiled their annual list of Canada’s Fastest-Growing Companies recognizing HomeEquity Bank for the fourth year in a row. Produced by Canada’s premier business and current affairs media brands, the Growth 500 ranks Canadian businesses on five-year revenue growth. Growth 500 winners are profiled in a special print issue of Canadian Business published with Maclean’s magazine and online at CanadianBusiness.com and Growth500.ca. “We are b

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Legion Partnership
04.23.19

The Royal Canadian Legion and HomeEquity Bank help Legion members retire on their terms

Ottawa, April 23, 2019 - The Royal Canadian Legion and HomeEquity Bank are pleased to announce a new partnership that gives Legion members an additional way to finance their retirement with a CHIP Reverse Mortgage®. “We are happy to join HomeEquity Bank to offer Legion members an option to help support their retirement and make life more comfortable,” says Thomas D. Irvine, Royal Canadian Legion Dominion President. Legion members who are 55 plus may access up to 55 percent of the value of their home, tax-free, wit

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02.27.19

New research calls out unconscious age bias as Boomers push back against offensive labels and aging stereotypes

HomeEquity Bank eschews labels to smash age-related stigma, and portray Boomers exactly how they view themselves - as positive, adventurous and capable! TORONTO, February 27, 2019 – Recent marketing campaigns are the latest example of how companies and brands are pushing boundaries and facing complex social issues head-on in an attempt to connect with consumers. But while marketers are making important progress in reducing gender and ethnicity bias, age stereotypes are stubbornly pervasive. Boomers and aging populations

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01.10.19

HomeEquity Bank achieves continued growth in 2018 as interest in reverse mortgages continues to build

TORONTO, January 10th, 2019 – HomeEquity Bank, provider of the CHIP Reverse Mortgage™, reported $767M in reverse mortgage originations for 2018. This represents a 26 per cent increase over the previous year, demonstrating continued growth in demand by Canadians aged 55+ to access the equity in their homes. These strong 2018 results reflect a significant increase in HomeEquity Bank’s mortgage broker and bank referral business, as well as continued consumer interest in the product as a reliable resource in their ret

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09.19.18

Downsizing the home not a guaranteed financial windfall in retirement

Three in ten (27%) Canadian boomers who chose to downsize say costs were more than expected; four in ten (39%) who haven’t downsized are skeptical of the potential savings TORONTO, ON (September 19th, 2018) – For older Canadians considering selling a home to retire in a smaller living space or a more affordable community, downsizing may sound to some like a financial bargain, but 39 per cent of current homeowners are skeptical that downsizing will actually save them money. According to an Ipsos survey commissioned by

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