06.08.17

HomEquity Bank Posts Record Growth For May 2017

TORONTO, June 8, 2017 – HomEquity 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, HomEquity Bank’s president and CEO. “We’ve seen a shift in

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05.15.17

HOMEQUITY BANK RELEASES DEBT AND HOMEOWNERSHIP STUDY

TORONTO, May 15, 2017 – HomEquity 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 expe

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11.10.16

HomEquity Bank Achieves Gold Ranking in AON’s 2017 Best Employers Survey

TORONTO, November 10, 2016 -- HomEquity 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 HomEquity 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 ranking

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09.15.16

HomEquity Bank Listed on the 2016 PROFIT 500

TORONTO, Sept. 15, 2016 /CNW/ - Canadian Business and PROFIT today placed HomEquity 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. HomEquity 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 revenues

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07.06.16

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

TORONTO, July 6, 2016 – HomEquity 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.

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05.31.17

CEO STEVEN RANSON DELIVERS KEYNOTE ADDRESS AT THE CIFP CONFERENCE

OTTAWA, May 31, 2017 – Steven Ranson, President and CEO of HomEquity Bank, Canada’s only provider of the CHIP Reverse Mortgage™, today delivered a keynote address at the 2017 Canadian Institute of Financial Planners (CIFP) Conference. Ranson’s address was titled “An Untapped Partnership: Helping Canadians with Prudent Retirement Planning.” The theme of the 2017 CIFP conference, “Canada – Planning for Another 150 Years,” focuses on three critical financial planning components: retirement and lifestyle pla

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04.27.17

HomEquity Bank Continues Steady Growth with Strong Q1 Results

TORONTO, April 27, 2017 /CNW/ - HomEquity Bank, provider of the CHIP Reverse Mortgage™, continued its steady performance in Q1 of fiscal 2017. The company posted a 27 per cent year over year increase in mortgage originations. The strong Q1 results demonstrate ongoing growth in demand for reverse mortgages among Canadian seniors. In 2016, HomEquity posted record growth of 26 per cent. With strong, steady ownership by Birch Hill Equity Partners, HomEquity Bank has continued to grow its business while working with clien

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03.21.17

Lori Sone-Cooper, VP of HR for HomEquity Bank named to Human Resources Director Canada Magazine’s Hot List 2017

Lori Sone-Cooper, VP of HR for HomEquity Bank named to Human Resources Director Canada Magazine's Hot List 2017 featuring 30 of the most outstanding HR professionals in the country. This year’s report features the people who continue to add value to the HR profession and increase its standing in the business world. Some of the professionals on this list have appeared on previous Hot Lists and proved their continued growth; while HRD also welcomes new contenders who have launched innovative initiatives and tackled tough

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01.25.17

HOMEQUITY BANK POSTS RECORD 26 PER CENT GROWTH IN 2016

TORONTO, January 25, 2017 - HomEquity Bank, providers of the CHIP Reverse Mortgage™, reported $459MM in reverse mortgage sales for 2016. This represents a 26 per cent increase over the year previous, demonstrating a growing demand by Canadian seniors to unlock the value of the equity in their homes. These strong 2016 results reflect a significant increase in HomEquity Bank’s mortgage broker business, which has grown 48 per cent year over year following the successful introduction of the bank’s Mortgage Broker Direct

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Holiday Spending Infographic
12.21.16

Canadian Seniors Want To Spend Less During The Holidays

TORONTO, December 21, 2016, - The holidays may not necessarily be a merry time of year for all Canadian seniors according to a recent survey of attendees at the Toronto ZoomerShow, ZoomerMedia’s lifestyle expo for people aged 45 plus. The survey, sponsored by HomEquity Bank, providers of the CHIP Reverse Mortgage™, found that many seniors overspend during the holiday season. In fact, 26% of respondents described the holidays as financially “very stressful”. A total of 632 Toronto ZoomerShow attendees were surveyed

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