CHIP Reverse Mortgage: Resources to Help You Make the Right Decision

We are a schedule 1, chartered bank with a single product: reverse mortgages that unlock the equity Canadians – aged 55 and better – 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.

Steven Ranson

The HomeEquity Bank Note

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Unmasking Scams in the Deepfake Era

Last year, I got a message from someone claiming to be Canadian movie star Keanu Reeves. After exchanging messages with my Keanu impersonator, I decided to take a video call for research. Though the voice wasn’t right, the scammer’s technology generated a video of Keanu Reeves in real-time that was quite convincing. I didn’t believe Keanu Reeves was reaching out for a date, but I could see just how easy it would be to make that mistake The Canadian Anti-Fraud Centre (CAFC) reported that it received fraud and cybercrime reports totaling $530 million in victim losses in 2022, up 40 per cent from the year before. We’re living in a world where almost everyone can access technology to create convincing audio and video impersonating anybody from sitting heads of state to celebrities

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The HomeEquity Bank Note

Online Scams – How to Protect Yourself from Internet Fraudsters

March is Fraud Prevention Month in Canada, and HomeEquity Bank is sharing practical tips to help Canadians aged 55 and up educate and protect themselves from online scams. Staying fraud-smart is especially important for Canadians aged 55 and up. More than half of this demographic (52%) report being the target of an online scam in … Continued

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