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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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

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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

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07.04.22

Ontario Teachers’ announces completion of its acquisition of HomeEquity Bank

 This exciting investment in HomeEquity Bank will enable the business to continue its next stage of growth and innovation  TORONTO, ON, July 4, 2022 – Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) announced today that it has completed the acquisition of HOMEQ Corporation (“HomeQ”), the parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. (“Birch Hill”) and the other minority shareholders of HomeQ, in a deal that was first announced in September 2021. The acqu

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05.19.22

Canadians Want to Age In-Place, But Struggle to Afford the Care They Need; New Research Reveals

HomeEquity Bank Announces the Home Care Heroes Award in Recognition of Personal Support Workers in time for PSW Day Celebrating the positive impact of PSWs in the lives of Canadians underscores the urgent need for additional funding and support to make ageing in-place affordable TORONTO, ON, May 19, 2022 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, is celebrating Personal Support Workers Day 2022 (PSW Day) on May 19 with its first-ever Home Care Heroes Award. The award was created to acknowledge the vital w

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05.10.22

HomeEquity Bank announces Pattie Lovett-Reid as its first Chief Financial Commentator

The respected financial commentator will draw on her expertise to help older Canadians with financial and retirement advice as well as commentary on current events TORONTO, ON, May 10, 2022 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, is pleased to announce renowned financial commentator, Pattie Lovett-Reid, as the company’s first Chief Financial Commentator. A well-known financial expert and media personality, Pattie Lovett-Reid will work with the company to help Canadian homeowners 55 and up make the

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HomeEquity Bank crosses $1 Billion Originations
01.25.22

HomeEquity Bank surpasses $1 billion in reverse mortgage originations during 2021

TORONTO, January 25, 2022 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, reported just over $1 billion in reverse mortgage originations for 2021, for the first time ever. This milestone represents a 28 per cent increase over 2020. The value of the bank’s total reverse mortgage portfolio under management now stands at $5.4 billon, further cementing its reputation as Canada’s undisputed market leader. Canadians 55 and up are increasingly turning to their homes to access equity, with 93 per cent now saying t

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11.02.21

A Meaningful Meal this Remembrance Day Offers Canadians a Taste of Wartime Sacrifice

Alongside the Legion National Foundation and complimenting The Royal Canadian Legion’s National Poppy Campaign, HomeEquity Bank presents ‘Orders of Sacrifice’ field ration kits to allow Canadians a small glimpse into veterans’ sacrifice and their stories Historically accurate field rations kits are available Nov. 10 in select neighbourhoods via DoorDash across the GTA Canadians nationwide can participate in the Legion National Foundation Digital Poppy Campaign online at MyPoppy.ca to support veterans and th

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