05.15.17

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

Continue Reading...
11.10.16

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

Continue Reading...
09.15.16

HomeEquity Bank Listed on the 2016 PROFIT 500

TORONTO, Sept. 15, 2016 /CNW/ - Canadian Business and PROFIT today placed HomeEquity Bank on the 28th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the October issue of Canadian Business and at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth. HomeEquity Bank, the only national provider of reverse mortgages in Canada, placed 475 on the 2016 PROFIT 500 list, thanks to a five-year revenue growth of 80%. The company's total revenu

Continue Reading...
07.06.16

Yvonne Ziomecki named one of CMP Magazine’s Women of Influence

TORONTO, July 6, 2016 – HomeEquity Bank is pleased to announce that Yvonne Ziomecki, SVP, Marketing & Sales is named one of Canadian Mortgage Professional (CMP) Magazine’s Women of Influence. In the issue out on stands now, Yvonne credits the power of a strong network and support system as her secret to consistent results and her coveted work-life balance. “Balancing work with personal life, especially the needs of my children and finding time for myself, it’s not always easy. Having a strong network is key.

Continue Reading...
06.22.16

HomeEquity Bank announces partnership with Kurt Browning

TORONTO, June 22, 2016 /CNW/ - HomeEquity Bank, the only Canadian bank working exclusively with seniors, is proud to announce its new spokesperson is Canadian figure skating icon Kurt Browning. Kurt Browning is a Canadian figure skater, choreographer and commentator. He is a four-time World Champion and four-time Canadian national champion. "We're thrilled to be partnering with Kurt," said Yvonne Ziomecki, SVP, Marketing & Sales at HomeEquity Bank. "It was important to us to work with someone Canadians view as tru

Continue Reading...
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

Continue Reading...
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

Continue Reading...
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

Continue Reading...
07.16.18

Older Canadian homeowners want eager homebuyers to back off

HomeEquity Bank research confirms the importance of retiring at home TORONTO, July 16, 2018 /CNW/ - Much to the chagrin of realtors across the country, an overwhelming number of Canadians (93 per cent) aged 65 plus feel it is important to stay in their current home throughout their retirement, according to an IPSOS survey conducted in June, 2018, commissioned by HomeEquity Bank  (HomeEquityBank.ca).  Yet as the Canadian population ages, many homeowners are feeling pressured to sell the home they love to help finance the

Continue Reading...
01.15.18

HOMEEQUITY BANK POSTS RECORD 2017 GROWTH AS CANADIANS EMBRACE REVERSE MORTGAGES

TORONTO, January 15, 2018 – HomeEquity Bank, the national provider of the CHIP Reverse Mortgage™, posted record mortgage growth in 2017 with 32.5 per cent year over year growth. Reverse mortgage originations of $608MM for 2017 were driven by increased consumer familiarity with HomeEquity Bank’s flagship product as well as the growing need for consumers to finance their retirement in new ways. HomeEquity Bank’s record results also reflect a strong partnership with Canada’s mortgage brokers. In 2017, brokers were

Continue Reading...