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
Continue Reading...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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HOMEEQUITY BANK RELEASES DEBT AND HOMEOWNERSHIP STUDY
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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2025 predictions: Five ways Canadians 55+ will impact all generations
Canadians 55+ are responding to changing cost of living and housing prices by swapping inheritances for shared experiences and timely financial aid for their younger loved ones TORONTO, ON (January 2, 2025) – This year, older Canadians will throw out the traditional retirement playbook and embrace new financial, technological and familial norms to live more independent and enriching lives. Insights like this from HomeEquity Bank and Ipsos reveal five key predictions for Canadians aged 55+ that will have ripple ef
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Tipping point: New Survey Finds More Canadians Have Seen a YouTube Video About the World Wars Than Have Met a Veteran of Those Wars
“Meeting with the Past” Remembrance Day Campaign Offers a New Way to Connect with Veterans’ Stories and Donate to Support Veterans [embed]https://youtu.be/5IKrbAHgZVQ[/embed] Meeting With The Past 30-second national broadcast spot | An invitation to experience a week of wartime as a reminder of the sacrifices of our Veterans. [embed]https://youtu.be/EQfszWYhjN4[/embed] Meeting With The Past explainer video | Join the meeting and explore the lives of soldiers during wartime. Honour their sacrifice with a
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Canadians Over 75: Financially Stable, Well-Connected and Ready for More, But Folks in their 50s not so sure
TORONTO, ON (October 1, 2024) – A new survey commissioned by HomeEquity Bank reveals Canadian homeowners aged 75 and older are outshining their younger counterparts on key happiness markers, offering an insightful guide for younger generations entering a new life stage. According to the survey, 95 per cent of Canadians 75 and older are very satisfied or somewhat satisfied with their lives, compared to just 79 per cent of Canadians in their 50s. "Our purpose is to empower Canadian homeowners 55+ to have the freedom to
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The Globe and Mail Names HomeEquity Bank in its Ranking of Canada’s Top Growing Companies for a Fourth Time
Toronto, ON, September 27, 2024 – 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 fourth time. Assessed on three-year revenue growth, HomeEquity Bank earned its spot after reporting over $1 billion in reverse mortgage originations for the third consecutive year. The value of the Bank’s total reverse mortgage portfolio under management stood at $7.4 billion as of December 2023, further cem
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New HomeEquity Bank CEO to Continue Customer-Centric Growth
Industry veteran Katherine Dudtschak becomes President and CEO TORONTO, July 2, 2024 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, is pleased to welcome Katherine Dudtschak as its new CEO. Ms. Dudtschak joined the Bank as President on May 1 following the announcement that former President and CEO Steven Ranson planned to retire at the end of June. As President and CEO, Ms. Dudtschak has officially assumed leadership of the federally regulated Schedule 1 Bank, overseeing its strategic vision for customer
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