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11.30.12

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

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04.19.12

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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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

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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

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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 Ho

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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

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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

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