HomeEquity Bank to be Acquired by Ontario Teachers’
I’m delighted to share that HomeEquity Bank is being acquired by Ontario Teachers’ Pension Plan (Ontario Teachers’), subject to regulatory approval, which we expect to occur in the first half of 2022. This is great news for HomeEquity Bank, our customers, partners, and employees. It is a testament to the success of our business strategy and to the amazing work of our talented team.
There will be no impact on our day-to-day – it’s business as usual for HomeEquity Bank through the transition. All mortgages stay with HomeEquity Bank and their terms remain unchanged. HomeEquity Bank will continue to operate independently, and we are not being integrated into another company.
Those seeking retirement options – we are here for you, with the same range of market-leading mortgage products. Please contact HomeEquity Bank customer service to speak to one of our mortgage specialists, or speak to one of our mortgage brokers, financial planners, or banking partners who can help find the right product for you. We are excited to grow with our customers and empower even more Canadians aged 55 plus to retire on their terms.
A world-leading Canadian institutional investor, Ontario Teachers’ sees incredible potential in our product and market. It is impressed with our growth and will invest in HomeEquity Bank for the future. Its long-term capital profile, strong track record of delivering retirement solutions, and shared vision for making a positive impact on the lives of retired Canadians make it a natural partner for us.
As ever, we are here to support you and help you enjoy a retirement on your terms, in the home you love. Please continue to contact customer service with any questions, at
Thank you as always for your ongoing trust and confidence,
President and CEO HomeEquity Bank