Each commercial finish with the same inspiring comment: “Retire in the home you love, with a CHIP Reverse Mortgage.” The commercials use humour to get across some serious points: Canadians are living longer, they’re not frail and dependent, Canadian retirees know their own minds and they won’t be told what to do, and finally, that downsizing isn’t for everyone.
I’ve been the President and CEO of HomeEquity Bank for over 20 years. We are a schedule 1, chartered bank with a single product: reverse mortgages that unlock the equity Canadians – aged 55 or older – have built in their homes.
Our business has given us a unique vantage point to the many changes that have taken place in the financial, mortgage and housing markets. One thing that has not changed, however, is the fact that homes are the single largest asset that most Canadian families hold.
This blog is designed to share our insight and perspective on the trends that are affecting that asset and its value. That extends to such related issues as managing debt, health care options, financial planning, government policy, capital markets and the impact of demographic shifts on the economy.
By engaging in this important dialogue, we collectively ensure that Canadians have the tools, resources and information to plan for and enjoy a stable, worry-free retirement.
The HomeEquity Bank Note
In this interview, HomeEquity’s Executive Vice-president of Marketing Yvonne Ziomecki talks about her new book, Home Run: the Reverse Mortgage Advantage, (co-written with HomeEquity CEO Steven Ranson) her family, and her thoughts about shaping a successful retirement.
In this interview, HomeEquity Bank’s CEO Steven Ranson discusses his new book, Home Run: the Reverse Mortgage Advantage, (co-written with Yvonne Ziomecki, Executive Vice-president Marketing). Ranson has been with the company since 1997, growing HomeEquity’s portfolio from $100-million in 1997 to more than $4-billion today.
Four years ago, Kurt Browning — the beloved Canadian sports icon — became an official spokesperson for HomeEquity Bank.
Cottage sales are surging in parts of Canada, especially Ontario, in the midst of the COVID-19 pandemic.
As we hunker down at home, we are witnessing history that is reshaping life as we know it. Most of us never thought we’d experience a global pandemic on this scale.
COVID-19 is most dangerous for those 65 and up, and that’s a big portion of Canadians. As of 2018, 15% of Canadians were 65 and older, and 29% were baby boomers just hitting retirement age.
It’s hard to imagine that amid a global pandemic, while millions of people around the world struggle to stay healthy and adhere to public health directives, cybercriminals and scammers are still hard at work trying to defraud people.
You’re likely reading it at home right now as millions of Canadians are self-isolating to help prevent the spread of COVID-19. I’d like to thank you for doing just that.
SUBSCRIBE FOR BLOG POST
Sign up with your email address to receive update when there is a new blog post.
How it Works?
If you're like many other 55+ Canadians, much of what you own fits into two categories - the equity in your home ...
Reverse Mortgage Videos
Watch these videos from HomeEquity Bank and learn more about CHIP Reverse Mortgage