01.20.15

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

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02.10.14

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

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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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07.12.22

HomeEquity Bank enters the Metaverse to build a Homes for Heroes village in support of homeless Canadian veterans

The campaign will allow Canadians to explore a virtual Homes for Heroes village, and help “make it real” by donating funds that will be matched by HomeEquity Bank   TORONTO, ON, July 12, 2022 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, is proud to announce the creation of a virtual Homes for Heroes village in the Decentraland Metaverse, an evolving and immersive 3D network of worlds that lets users explore and socialize with their computer and via augmented and virtual reality. The virtual vill

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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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