HomeEquity Bank Moves to New ‘Resi-Mercial’ Home to Support Business Growth and Enhanced Employee Experience

New, modern workspace in Royal Bank Plaza boasts resi-mercial design to enhance hybrid and collaborative work

TORONTO, August 1, 2023 – To support current and future business growth, HomeEquity Bank, provider of the CHIP Reverse Mortgage, has relocated its head office to the  Royal Bank Plaza South Tower, a LEED-certified building with state-of-the-art facilities, located in the heart of Toronto’s Financial District from mid-town. The new, modern, design offers a variety of flexible workspaces for traditional, standing, hybrid and collaborative work, as well as a wide range of best-in-class amenities located both inside and nearby.

“Our business has grown significantly over the last few years, and we are proud to welcome our team to a vibrant new space that will foster continued growth for years to come,” said Steven Ranson, HomeEquity Bank President and Chief Executive Officer. “We place an emphasis on quality collaboration and the new space will help facilitate that, allowing us to further cultivate our strong organizational culture.”

Sitting on the 35th floor, HomeEquity Bank’s new head office features a unique layout designed to increase social interaction and enhance employee well-being, including a large café, lounge areas, collaboration zones and a library.

“Work has changed drastically since the pandemic, and so have our employees’ needs and our new office now reflects that,” added Sherry Dondo, Senior Vice President and Chief Human Resources Officer, HomeEquity Bank. “This beautiful new space was designed to support new ways for people to work together and innovate, which is important not only for our hybrid work model but also for our future business success.”

Royal Bank Plaza has been a prominent fixture of the City’s Financial District since it opened in the 1970s. The office is conveniently located near Union Station, steps from public transit (TTC, GO, VIA, UPExpress and Billy Bishop Airport Shuttle), making it easy for employees from across the GTHA to come in and collaborate. The area offers countless other amenities including shopping, restaurants, and entertainment.

“The accessible ‘res-imercial’ design incorporates some of the comforts of home with all the conveniences of office–spaces that will encourage people to collaborate, feel connected, and build relationships with colleagues,” continued Dondo. “We’re excited for our team to enjoy the incredible natural light and stunning views of Lake Ontario through our floor-to-ceiling windows when they’re in the office, and for them to take advantage of the built-in technology that provides a consistent meeting experience when connecting remotely.”

HomeEquity Bank officially moved into the space on August 1, 2023. The new address is 3500-200 Bay St. South Tower, Toronto, ON M5J 2T6.

About HomeEquity Bank

HomeEquity Bank is a Schedule 1 Canadian Bank offering a range of reverse mortgage solutions including the flagship CHIP Reverse Mortgage™ product. The company was founded more than 35 years ago to address the financial needs of Canadians who wanted to access the equity of their top asset – their home. The Bank is committed to empowering Canadians aged 55 plus to live the retirement they deserve, in the home they love. HomeEquity Bank is a portfolio company of Ontario Teachers’ Pension Plan Board, a global investor that delivers retirement income for 336,000 current and retired teachers in Ontario. For more information, visit www.chip.ca.

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