Latest news with #HomeEquityBank
Cision Canada
05-06-2025
- Business
- Cision Canada
HomeEquity Bank launches powerful new series featuring real Customers and their inspiring stories of living 55 & Better!
TORONTO, June 5, 2025 /CNW/ - In celebration of Ontario Seniors Month, HomeEquity Bank is proud to launch a new series featuring real customers sharing their personal stories of the powerful impact of choosing a CHIP Reverse Mortgage. These stories, shared by the customers themselves, spotlight the very real and very human decisions aging Canadians face when it comes to aging in place. The "55 & Better" series features video interviews and personal stories of Canadians who have tapped into the equity and savings in their home and transformed the way they live in their retirement years. From managing rising costs, to starting a living legacy for family, to taking a dream vacation, these HomeEquity Bank clients are living the lives they envisioned and sharing their impactful experiences. "Speaking to our customers directly helps me connect more deeply to our purpose. For so many Canadians 55 and better, their home isn't simply a place to live. It represents the life they've built, and their desire to maintain their empowerment, dignity, and independence as they age – which is exactly our purpose at HomeEquity Bank. Their home is the foundation of their dreams for their future," says Katherine Dudtschak, President and CEO of HomeEquity Bank. "These stories shine a light on the proactive, confident choices our clients are making to create peace of mind and realize the vision they have for their golden years. These are powerful, personal stories of people who are charting their own paths forward, without compromise. It's a privilege to share them." Click here to watch the "55 & Better" series: Why Now? With more Canadians than ever entering retirement age, questions about how they can be empowered to age in place with financial independence are becoming increasingly urgent. Ontario Seniors Month is a time to celebrate the contributions of older adults, and to elevate their voices and experiences. The "55 & Better" series brings forward authentic, inspiring stories about how Canadians 55+ are accessing the savings they have built in their homes, to take control of their retirement finances and live the retirement they deserve, while staying in the homes they love. Accessing the equity and savings they have in their home is a sound financial tool available internationally, and a mainstream solution that covers the gap of limited retirement income or access to liquid capital in our golden years. Canadians do not fit the outdated stereotype of a reverse mortgage client; they are savvy, vibrant and active and are planning for life as they dreamed it. We know that almost 9 in 10 recently funded HomeEquity Bank client agree that having a CHIP Reverse Mortgage has provided them with a sense of freedom. In-home care is another driving factor, as Canadians are looking to stay their homes rather than move to assisted living or care facilities. These personal accounts offer an inspiring and timely perspective at a time when more than 90 per cent of Canadians 45+ say they want to stay in their homes as they age. The series launched June 5, 2025, with new stories released weekly throughout the month across digital platforms, newsletters, and social media. Viewers will meet real people who chose financial independence and dignity and discovered what it means to live the lives they want, in the homes they love thanks to HomeEquity Bank. Speaking to and staying close to our customers ensures we are continually refining the standard of excellence in serving the Canadian 55 plus demographic. Our purpose goes far beyond the reverse mortgage solution: we offer access to a lifestyle our customers have earned, through the investments they've made in their home. 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 340,000 current and retired teachers in Ontario. For more information, visit
Cision Canada
16-05-2025
- Health
- Cision Canada
Aspirations to Age at Home Clash with Canada's Economic and Health Care Realities
Canadians overwhelmingly (94%) value the work of PSWs, highlighting the importance of ensuring access and support for these essential caregivers The majority of Canadians 45+ want to age in their homes (90%), but few (13%) have planned for the PSW care that makes this possible TORONTO, May 16, 2025 /CNW/ - New research commissioned by HomeEquity Bank, provider of the CHIP Reverse Mortgage, and conducted by Ipsos reveals Canadians aged 45 and over prefer to age in their homes, but few have proactively planned for the critical Personal Support Worker (PSW) care required to make this dream possible. As PSW Day approaches on May 19th, it's vital to focus not only on the indispensable contributions of these caregivers but also on empowering Canadians with the knowledge and solutions to secure their support. Proactive Planning Vital to Aging-in-Place The vision is clear: Canadians aged 45 and over overwhelmingly see themselves aging in the comfort of their own homes. A striking 90% of those surveyed would choose in-home care over moving to a long-term care facility if they needed extra support. Moreover, the desire to stay at home is so strong that 82% would only consider assisted living if affording in-home care wasn't an option; a sentiment that's grown by 5% in the last two years. However, there's a gap between this strong desire and the current level of planning. While the vast majority want to stay in their homes, only a small number (13%) have thought about including Personal Support Worker (PSW) care in their future plans. Even fewer (6%), have both planned for and can afford this essential support if it becomes necessary. This highlights a key opportunity: by increasing awareness and encouraging proactive planning, we can empower more Canadians to make their goal of aging at home a reality. Staying Informed on Costs and Tailored Solutions Understanding the potential costs of in-home care – ranging from $19 to $75 per hour, a fact unknown to nearly two-thirds of those over 65 (59%) – is a crucial first step when planning to age-in-place. Exploring various financial options, like using home equity, can help secure necessary PSW support. "Our research underscores a clear desire for Canadians to stay in their homes with access to in-home care. With limited retirement income, whether its savings locked in your home equity, pensions or drawing down on investments, Canadians could benefit from increased awareness and proactive planning, says Yvonne Ziomecki-Fisher, Chief Customer, Brand and Advice Officer at HomeEquity Bank. "As the only Bank exclusively serving Canadian homeowners 55 and better, we've observed a growing trend among older Canadians tapping into their home equity to fund in-home care in retirement." Valuing and Supporting Essential Personal Support Workers The survey also emphasizes the high value Canadians place on the work of PSWs, with an overwhelming 94% recognizing their positive impact. This strong appreciation underscores the importance of ensuring access to and adequate support for these essential caregivers. While the survey also indicates concerns about PSW burnout, the widespread recognition of their value highlights the need for solutions that support both those receiving care and those providing it. Celebrating Our Home Care Heroes In profound appreciation of the extraordinary dedication of Personal Support Workers who make aging in place a reality for so many Canadians, HomeEquity Bank is proud to announce the recipients of the 2025 Home Care Hero Awards, awarding a prize of $2,000 to 5 deserving individuals for their exceptional service and commitment: Deborah Faulkner | Ajax, ON. Nominated by David Sission: "Deborah always arrives with a smiling face and a pleasant demeanor and has been extremely instrumental and helpful in my recovery journey." Joan Smith | Integracare | Toronto, ON. Nominated by Lee Grunberg: "Joan's ability to connect with clients through meaningful engagement, from encouraging physical activity to fostering emotional connections, highlights her exceptional dedication." Rani Sekhon | Abbotsford, BC. Nominated by Eva Sabir: "Rani has been the kindest and most caring personal care aid for my husband that anyone could ever wish for. She is a gentle, soft-spoken and ever compassionate selfless caregiver... making it possible for him to remain in our home." Shermin Miller | Toronto, ON. Nominated by Taylor Kaye: "Shermin's laughter, stories, and genuine care brighten my husband's day and bring him so much comfort. She consistently goes above and beyond ensuring he feels safe and supported." Amy Desaulnier | Victoria, B.C. Nominated by Carolyn Hoekstra: "Amy is very creative in accomplishing the tasks required and maintains her client's dignity. Beyond professional, Amy is compassionate and kind and genuinely treats all her clients as family." To learn more about HomeEquity Bank's 2025 Home Care Hero Awards winners, visit 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 About the Study These are the findings of an Ipsos survey conducted on behalf of HomeEquity Bank that was conducted between May 2 and May 5, 2025. A total of n=1001 Canadians aged 45+ participated in the survey which was fielded via the Ipsos' panel. Quotas and weighting were used to ensure the sample's composition reflects that of the Canadian population according to census parameters. This survey has a credibility interval of +/- 3.8 per cent 19 times out of 20, of what the results would have been had all Canadian adults 45+ been surveyed.
Cision Canada
01-05-2025
- Business
- Cision Canada
CHIP Mortgage Trust Issues $225 million of Medium Term Notes
TORONTO, May 1, 2025 /CNW/ - CHIP Mortgage Trust ("CMT" or the "Trust") today announced that it has concluded the sale of $225 million of senior medium term notes (the "Notes"). The dealer syndicate for the sale was led by TD Securities and Scotiabank and included BMO Capital Markets, CIBC Capital Markets, National Bank Financial Markets and RBC Capital Markets. The Notes have a coupon of 3.967%, are rated AAA (sf) by DBRS Limited and have an expected final payment date of September 1, 2028. CMT will use the proceeds of this issue to refinance outstanding indebtedness, acquire mortgages originated by HomeEquity Bank, and fund ongoing operations. "Strong investor support has resulted in another very successful issue of medium term notes by CHIP Mortgage Trust. We are pleased that the transaction was heavily oversubscribed with a number of new buyers" said Atul Chandra, Executive Vice President and Chief Financial Officer, HomeEquity Bank. "HomeEquity Bank's exceptional operating and financial results as Canada's leading provider of reverse mortgages resonated well with investors and drove very strong demand for these Notes. Medium term notes are, and will continue to be, a key source of funding for our rapidly growing reverse mortgage business." Forward-Looking Statements CMT from time to time makes written and verbal forward-looking statements about business objectives, operations, performance, and financial condition, including, in particular, forecasted mortgage origination growth, future use of medium term notes as a source of funding, as well as the likelihood of its success in developing and expanding its business. Forward–looking statements are typically identified by words such as "will", "should", "believe", "expect", "forecast", "anticipate", "intend", "estimate", "plan", "may" and "could". These statements may be included in CMT's annual and quarterly reports, regulatory filings, press releases, presentations and other communications. These forward-looking statements are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of CMT. The uncertainties and contingencies include, but are not limited to, risks related to capital markets and additional funding requirements, credit and underwriting risk, fluctuating interest rates, asset quality and rates of default, legal and regulatory risk, derivative related risk and reliance on relationships with financial institutions, as well as those factors discussed in the documents filed on SEDAR+. Actual results may differ materially from those expressed or implied by such forward-looking statements. CMT does not undertake to update any forward-looking statement, whether written or verbal, that may be made from time to time, except as required under applicable securities legislation. About CHIP Mortgage Trust CMT is a wholly owned subsidiary of HomeEquity Bank which is a Schedule 1 Canadian Bank offering a range of reverse mortgage solutions including the flagship CHIP Reverse Mortgage™ product. HomeEquity Bank 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. HomeEquity 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 340,000 current and retired teachers in Ontario. For more information, visit
Associated Press
18-02-2025
- Business
- Associated Press
Introducing HomeBridge: Helping Canadians Establish a Living Legacy Through Home Equity
HomeEquity Bank launches HomeBridge as a new digital solution designed to help Canadians 55+ leverage their home equity to gift their family TORONTO, February 18, 2025 /CNW/ - HomeEquity Bank is proud to introduce HomeBridge, a dedicated digital solution for Canadians seeking to establish a living legacy through their home equity. As a digital platform within HomeEquity Bank, provider of the CHIP Reverse Mortgage, HomeBridge facilitates a modernized approach to wealth transfer. Between 2023 and 2026, an estimated one trillion dollars is projected to transition from Canadian baby boomers to their Gen X and Millennial heirs, which traditionally is passed down through an inheritance.1 HomeBridge presents an opportunity to gift a living inheritance so their adult children and grandchildren can benefit from the financial help when they need it most. It empowers Canadians 55+ to establish their living legacy by leveraging their home equity with no required monthly payments. This enables individuals to make meaningful financial gifts while preserving their current standard of living and allows them to witness the positive impact of their contributions on their loved ones. 'Recognizing that affordability is an ever-growing concern for Canadians, HomeBridge provides a specialized solution for leveraging your home equity to gift your family,' said Steph Morgan, Managing Director of HomeBridge. 'It gives Canadian baby boomers the financial flexibility to assist their adult children and help them reach key life goals, which can be increasingly difficult without outside financial support.' A recent study2 by HomeEquity Bank indicated that almost 1-in-5 (19%) Canadians expressed desire to assist their families when considering potential uses for additional funds derived from their home's value. With home equity being an untapped resource for many older Canadians, HomeBridge empowers homeowners to access and understand their gifting capacity, and engage in meaningful conversations with loved ones. Homeowners can apply online and have a dedicated team that provides a streamlined process for clients who want to benefit from a CHIP Reverse Mortgage. Each applicant receives personalized assistance from a HomeBridge Specialist, who is available to answer questions and support brokers, realtors, advisors, and their clients. Ultimately, HomeBridge provides a user-friendly and efficient mechanism for parents and grandparents to leverage their home equity, facilitating the creation of meaningful gifts for their families. For more information, please go to HomeEquity Bank is a Schedule 1 Canadian Bank offering a range of reverse mortgage solutions including the flagship CHIP Reverse MortgageTM 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 340,000 current and retired teachers in Ontario. For more information, visit
