HomEquity Bank and Balmoral Village Announce New Partnership to Benefit Retiring Canadians

TORONTO, Aug. 28, 2017 /CNW/ - Balmoral Village is proud to be the first new home community to partner with HomEquity Bank, Canada's only provider of the CHIP Reverse Mortgage.

"We are thrilled to have been chosen as the first development project to partner with HomEquity bank, a company with a long track record of helping Canadian seniors with financial planning options. We are confident this will be of great value to our condo purchasers," says Thomas Vincent, President, Balmoral Village.

The visionary 'Age In Place' community of Balmoral Village in Collingwood is focused on making life transitions as worry-free and comfortable as possible and now this includes a financial option from HomEquity Bank.

For over 30 years, HomEquity Bank has been providing financial solutions for Canadian homeowners age 55+ looking to unlock their home's value by transforming it from a passive to active asset.

Making the move to a new condominium is a popular choice and retiring Canadians can utilize a CHIP reverse mortgage to help with a down payment on a property that may not be immediately closing. A reverse mortgage can also be used to fund property updates as well as maximize the selling price for the sale of the original home.

The Condos at Balmoral Village are now taking reservations for the opening this Fall. Take advantage of pre-construction pricing and best suite selection. Contact Jessica Ryerse or Doug Lindsay, of the Royal LePage Sale Team 705-445-5520 or register online at www.balmoralvillagecollingwood.com.

About Balmoral Village

Recently launched, Balmoral Village in Collingwood is nestled between the beautiful Blue Mountain ski slopes and just steps to the shores of Georgian Bay, with immediate access to trails that extend for over 100 kms. The only retirement lifestyle community of its kind in Ontario, Balmoral Village caters specifically to a forward thinking, active, adult-lifestyle orientated 55+ market.

Comprised of five different residential options, complemented by an exceptional array of amenities, medical and wellness services available on site and nearby, Balmoral Village presents a unique age-in-place village environment designed to suit the residents' needs now and into the future. Balmoral bungalows, semis and towns sold out in 10 months and the condominiums are selling now. The independent and assisted living suite buildings, as well as Balmoral Place Seniors Rental Apartments will be ready for occupancy in December, 2017.

Incorporated into the Balmoral complex is a stunning 8,000 sq.ft. Community Recreation Centre/Clubhouse with a swimming pool, library, exercise areas, casual meeting areas and, that centre of every village, a pub. A 30,000 sq.ft. Medical facility will incorporate a pharmacy, physiotherapy, podiatry, massage therapy, personal support workers and other services.  A Medical Concierge is also planned and will be available to assist in coordinating medial appointments, enquiries and needs for residents.

About HomEquity Bank

HomEquity Bank, a federally-regulated, Schedule 1 Canadian bank, is the only national provider of the CHIP Reverse Mortgage™ solution. Founded 30 years ago, HomEquity 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.

HomEquity 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 HomEquity Bank's CHIP Reverse Mortgage™ as a smart and comprehensive solution for Canadians planning for retirement.

HomEquity Bank has ranked on the Canadian Business and PROFIT's 28th annual PROFIT 500 list, the definitive ranking of Canada's Fastest-Growing Companies. HomEquity has also been recognized as an Aon Best Employer – Canada 2017.

SOURCE HomEquity Bank

HomEquity Bank, Yvonne Ziomecki, [email protected]; Balmoral Village contact: Thomas Vincent, [email protected]