HomeEquity Bank Reports Record Annual Originations
TORONTO, Jan. 13, 2015 /CNW/ - HomeEquity Bank announced today its 2014 originations grew by 23% YOY and reached $309MM. As of Dec. 31, 2014, the HomeEquity Bank portfolio of reverse mortgages has surpassed $1.7 billion. The strong YOY growth can be attributed to an increase in direct inquiries from consumers as well as continued growth through referral partners including banks and mortgage brokers. "With the current demographic trends and extended life expectancy we project reverse mortgage originations to grow at 25
Continue Reading...HomeEquity Bank Helps Seniors Create Tax Efficient Cash Flow
TORONTO, Feb. 10, 2014 - HomeEquity Bank, announced the launch of its newest and most innovative product offering for senior homeowners, HomeEquity Bank Income Advantage. With the Income Advantage, senior homeowners can access equity in their home through 2 separate accounts. The first account is set up for monthly advances and carries a low interest rate of Prime + 1.25%; the second account is set up for lump sum advances and carries a competitive 5 year rate. "This product was developed based on customer feedback and cu
Continue Reading...HOMEQ Corporation Closes Arrangement with Birch Hill Equity Partners
Toronto, November 30, 2012 - HOMEQ Corporation (“HOMEQ”) (TSX: HEQ) announced today the closing of the previously announced arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) involving HOMEQ and Monaco Acquisition Inc., an entity controlled by Birch Hill Equity Partners (“Birch Hill”). Under the Arrangement, Birch Hill has indirectly acquired all of the outstanding common shares of HOMEQ for cash at a price of $9.50 per common share. It is expected that the HOMEQ shares will be delis
Continue Reading...HomeEquity Bank named one of best workplaces in Canada
Toronto, ON – April 19th, 2012 - HomeEquity Bank, a subsidiary of HOMEQ Corporation, announced today that it is being recognized as one of this year’s Best Workplaces in Canada. The list of leading Canadian employers will appear in a special national report on Thursday April 19th, 2012. “We are very excited about being recognized as one of the Canadian leaders in employee satisfaction and organizational culture,” said Steven Ranson, President and CEO, HomeEquity Bank. “At HomeEquity Bank, we believe our people a
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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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Experts share practical strategies to help Canadians age at home
The Empire Club hosts a panel in light of finding that 91 percent of Canadians plan to remain in their homes for as long as possible TORONTO, Oct. 18, 2021 - The COVID-19 pandemic has caused many Canadians to rethink where they want to age and, with that, the security of their financial futures. In response to this, the Empire Club of Canada has convened a panel of experts to support Canadians in preparing for the retirement they want. The devastating consequences of the pandemic to long-term care homes and oth
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The Globe and Mail Names HomeEquity Bank in the Ranking of Canada’s Top Growing Companies for a second time
TORONTO, Sept 29, 2021 – HomeEquity Bank is pleased to announce it has been recognized in the third annual Report on Business ranking of Canada’s Top Growing Companies. Assessed on three-year revenue growth, HomeEquity Bank earned its spot in the ranking with three-year growth of 102 per cent. “To be recognized again as one of Canada’s Top Growing Companies is testament to the success of our business strategy and to the amazing work of our talented team. We are excited to continue growing with our customers
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HomeEquity Bank calls on Canadians to retire the word “senior” this National Seniors’ Day
New research among Canadians aged 55+ shows the term is not universally embraced – with only half (52 per cent) positively associating with the word senior Only 16 per cent feel the word senior best describes them Women are 43 per cent more likely than men to reject the word senior as a way to describe themselves Of those who feel it is time to retire the word senior, “skilled,” “sage” and “savvy” are the top alternatives posed TORONTO, Oct. 1, 2021 – In time for National Seniors’ Day, Home
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Ontario Teachers’ announces agreement to acquire HomeEquity Bank
TORONTO, [Wednesday, September 22, 2021] /CNW/ - Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) announced today that it has entered into an agreement to acquire 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. The completion of the acquisition is subject to receipt of required regulatory approvals, which the parties expect to occur in the first half of 2022. HomeEq
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