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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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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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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TORONTO, May 15, 2017 – HomeEquity Bank, provider of the CHIP Reverse Mortgage™, today published the findings of its proprietary research study “The Home Stretch: A Review of Debt and Home Ownership Among Canadian Seniors.” The results of the national study outline increasingly troubling trends: as Canada’s population ages, the ability to retain and maintain a home is progressively compromised by record household debt levels, modest long-term savings, the decline of defined-benefit pensions and extended life exp

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HomeEquity Bank Achieves Gold Ranking in AON’s 2017 Best Employers Survey

TORONTO, November 10, 2016 -- HomeEquity Bank, Canada’s provider of the CHIP Reverse Mortgage™ and the only Schedule 1 bank dedicated solely to mature Canadian homeowners, has placed Gold in AON’s 2017 Best Employers survey. The recognition reflects HomeEquity Bank’s high employee-satisfaction rating, significant growth and revenue and a unique corporate culture that motivates employees to succeed. The company’s first-rate benefits packages and community initiative sponsorships have also contributed to its ranki

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HomeEquity Bank Moves to New ‘Resi-Mercial’ Home to Support Business Growth and Enhanced Employee Experience

New, modern workspace in Royal Bank Plaza boasts resi-mercial design to enhance hybrid and collaborative work TORONTO, August 1, 2023 – To support current and future business growth, HomeEquity Bank, provider of the CHIP Reverse Mortgage, has relocated its head office to the  Royal Bank Plaza South Tower, a LEED-certified building with state-of-the-art facilities, located in the heart of Toronto’s Financial District from mid-town. The new, modern, design offers a variety of flexible workspaces for traditional, standi

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Home Care Heroes Awards

Canadian retirement plans face life support without adequate home care

Survey: Canadians fear becoming a burden to families, but firmly want to stay in their homes Demand set to skyrocket for already stretched PSW services due to growth in ageing population HomeEquity Bank recognizes five Home Care Heroes to mark PSW Day 2023 TORONTO, May 15, 2023 – With PSW Day set for May 19, HomeEquity Bank, provider of the CHIP Reverse Mortgage, is sounding the alarm on the urgent need for more Personal Support Workers (PSWs) and in-home healthcare professionals to support Canada’s ageing

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HomeEquity Bank CFO Atul Chandra wins 2023 Report on Business Best Executive Award

Annual awards program from The Globe and Mail celebrates excellence among non-CEO leaders TORONTO, Apr. 19, 2023 - HomeEquity Bank, provider of the CHIP Reverse Mortgage, is delighted to announce that Executive Vice President & Chief Financial Officer (CFO), Atul Chandra, has been recognized as a recipient of the 2023 Report on Business magazine Best Executive Awards in the Finance category. This win for Chandra comes on the heels of the bank’s accolades in 2022, including being named by Waterstone Human Capital as

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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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