TORONTO, Sept. 13, 2018 /CNW/ - Today, Canadian Business and Maclean's recognized HomeEquity Bank providers of the CHIP Reverse Mortgage®(chip.ca) on their 30th annual Growth 500 - the definitive ranking of the Fastest-Growing Companies in Canada. Published in the October issue of Canadian Business magazine published with the October issue of Maclean's and at CanadianBusiness.com, the Growth 500 ranks Canadian businesses by their five-year revenue growth.
HomeEquity Bank, a federally-regulated, Schedule 1 Canadian bank, and the only national provider of the CHIP Reverse Mortgage solution, made the 2018 Growth 500 list with five-year revenue growth of 90 per cent.
"We are both excited and honoured that for the third year in a row, HomeEquity Bank is recognized on the Growth 500 ranking. This acknowledgement honours the dedication and hard work of the entire HomeEquity Bank team and we are all very proud of this achievement," said Steven Ranson, CEO HomeEquity Bank. "We know that the majority of older home owners in Canada want to retire in the home they love, and HomeEquity Bank has the trusted resources to help them do just that…with comfort and confidence."
"The companies on the 2018 Growth 500 are truly remarkable. Demonstrating foresight, innovation and smart management, their stories serve as a primer for how to build a successful entrepreneurial business today," said Deborah Aarts, Growth 500 Program Manager. "As we celebrate 30 years of the Canada's Fastest-Growing Companies program, it's encouraging to see that entrepreneurship is healthier than ever in this country."
About HomeEquity Bank
HomeEquity Bank, a federally-regulated, Schedule 1 Canadian bank, is the only national provider of the CHIP Reverse Mortgage solution. Founded 30 years ago, HomeEquity Bank has been helping Canadian homeowners aged 55+ access the value of the equity they have in their homes, maintaining ownership of their home, until they make the decision to sell.
HomeEquity Bank has partnered with the Canadian Association of Retired Persons (CARP), Canada's largest non-profit, non-partisan advocacy association for Canadians As We Age. CARP now recommends HomeEquity Bank's CHIP Reverse Mortgage™ as a smart and comprehensive solution for Canadians planning for retirement.
HomeEquity Bank has ranked on the Canadian Business's 30th annual Growth 500 list for the third year in a row, the definitive ranking of Canada's Fastest-Growing Companies. HomeEquity Bank has also been recognized as an Aon Best Employer – Canada 2017.
About the Growth 500
For 30 years, the Growth 500 ranking of Canada's Fastest-Growing Companies has been Canada's most respected and influential ranking of entrepreneurial achievement. Developed by PROFIT and now published in a special Growth 500 print issue of Canadian Business (packaged with the October issue of Maclean's magazine) and online at Growth500.ca and CanadianBusiness.com, the Growth 500 ranks Canadian companies on five-year revenue growth. For more information on the ranking, visit Growth500.ca.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.
SOURCE HomeEquity Bank
For further information: Yvonne Ziomecki, Executive Vice President, Marketing & Sales, [email protected], 647-723-6812