How We Got Here
Canadian Home Income Plan Corporation was founded in Vancouver, BC.
Canadian Home Income Plan Corporation was founded in Vancouver, BC.
by William Turner.
In 1995, CHIP expanded to Ontario.
In 1998, In response to strong customer demand, CHIP expanded to Alberta. This was followed by expansion across Canada from 1998 to 2000.
In 1998, Steven Ranson was appointed President and CEO.
HomEquity Income Trust was listed on the Toronto Stock Exchange (TSX), and is publicly traded as the stock symbol HEQ.UN
In 2009, HomeEquity Income Trust received permission from the Minister of Finance to begin operating as HomeEquity Bank, a Schedule 1 Chartered Bank.
In 2012, the Bank was acquired by Birch Hill Equity Partners who partnered with us to usher in a new era of growth and progress.
In 2013, HomeEquity Bank introduced Income Advantage, offering an opportunity for Canadian homeowners to develop a comprehensive retirement plan with monthly or quarterly deposits to supplement traditional retirement income, inclusive of assets in their portfolio (investments, pensions and home equity).
In 2018, HomeEquity Bank introduced CHIP MAX, a reverse mortgage solution designed to provide Canadian homeowners 55+ access to a higher initial percentage of their home equity.
In 2020, HomeEquity Bank introduced CHIP OPEN, a short-term reverse mortgage solution with no prepayment penalties for Canadian homeowners 55 and over in need of short-term cash flow and bridge financing.
In 2022, HomeEquity bank was acquired by Ontario Teachers’ Pension Plan. With a 35 year track record of success, the acquisition by Ontario Teachers' helped position the Bank for continued success on its mission to empower Canadians 55 and over to stay in the homes the love.
In 2024, Steven Ranson retired as President and CEO and was succeeded by Katherine Dudtschak.
Canadian Home Income Plan Corporation was founded in Vancouver, BC.
In 1995, CHIP expanded to Ontario.
In 1998, In response to strong customer demand, CHIP expanded to Alberta. This was followed by expansion across Canada from 1998 to 2000.
In 2009, HomeEquity Income Trust received permission from the Minister of Finance to begin operating as HomeEquity Bank, a Schedule 1 Chartered Bank.
In 2018, HomeEquity Bank introduced CHIP MAX, a reverse mortgage solution designed to provide Canadian homeowners 55+ access to a higher initial percentage of their home equity.
In 2020, HomeEquity Bank introduced CHIP OPEN, a short-term reverse mortgage solution with no prepayment penalties for Canadian homeowners 55 and over in need of short-term cash flow and bridge financing.
In 2024, Steven Ranson retired as President and CEO and was succeeded by Katherine Dudtschak.
Canadian Home Income Plan Corporation was founded in Vancouver, BC.
by William Turner.
In 1998, Steven Ranson was appointed President and CEO.
HomEquity Income Trust was listed on the Toronto Stock Exchange (TSX), and is publicly traded as the stock symbol HEQ.UN
In 2012, the Bank was acquired by Birch Hill Equity Partners who partnered with us to usher in a new era of growth and progress.
In 2013, HomeEquity Bank introduced Income Advantage, offering an opportunity for Canadian homeowners to develop a comprehensive retirement plan with monthly or quarterly deposits to supplement traditional retirement income, inclusive of assets in their portfolio (investments, pensions and home equity).
In 2022, HomeEquity bank was acquired by Ontario Teachers’ Pension Plan. With a 35 year track record of success, the acquisition by Ontario Teachers' helped position the Bank for continued success on its mission to empower Canadians 55 and over to stay in the homes the love.
