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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HomeEquity Bank’s reverse mortgage portfolio surpasses $5 billion in valuation
TORONTO, June 17, 2021 /CNW/ – HomeEquity Bank, provider of the CHIP Reverse Mortgage, announced today that its portfolio of reverse mortgages under administration has recently surpassed $5 billion for the first time, further cementing the bank as Canada’s undisputed market leader. “This milestone is a testament to the tireless work our entire organization and our partners do every day. Since our founding, the goal has always been to help Canadian homeowners enjoy retirement on their terms through lending solutions
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Nearly 80% of Canadians 55+ say registered savings and pension plans leave them short-changed for retirement
HomeEquity Bank-commissioned Ipsos survey finds 45% of Canadians 55+ believe accessing the equity in their homes should be part of retirement planning. 28% of Canadians 55+ would consider using their home’s equity to help fund retirement. New national advertising campaign drives home the message that older Canadians don’t want to downsize, despite 76% of them saying their demographic sometimes feels pressured to sell. May 17, 2021 (TORONTO, ON) – A large majority of Canadians 55 and up say government-run r
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Six-in-10 Canadians 55+ Can’t Fully Cover the Costs of In-Home Care
HomeEquity Bank-commissioned Ipsos survey finds 88% of Canadians 55+ can’t fully pay for in-home care for their aging parents. Almost half of Canadians 55+ are now considering in-home care because of the pandemic. New book Home Run: The Reverse Mortgage Advantage outlines the product’s many benefits as study finds 75% of Canadians 55+ are concerned about their financial well-being. March 10, 2021 (TORONTO, ON) — Over 20% of Canadians 55 and up are considering tapping into their home’s equity to pay for
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