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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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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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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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 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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