Rethinking The Art Of Networking: Jim Pagiamtzis | Tea At Taxevity #12

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Get tips on handshakes, how long to talk to one person, remembering, trigger questions, shareable/reusable content, voicemail and rethinking what you’re doing.

Our guest is Jim Pagiamtzis, President of 21 Connections. He helps people learn, speak and socialize using proven methods for business revenue and success. You’ll find more about him on LInkedIn (…), Twitter ( and his website (

Tea At Taxevity brings you people who make life better. Recorded live at the Taxevity studios in West Toronto. Your host is actuary Promod Sharma (


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Posted in Business, Career, Jim Pagiamtzis, Networking, Relationships, Self Growth, Toronto | Tagged , , , , , , | Leave a comment

Highlights from CREA’s latest stats

Looks like the taxes that the government put in place are having their desired effect.  See what is happening across the country with regards to home sales.

by Justin da Rosa 16 Jun 2017

A cross-Canada glimpse at Canada’s housing performance. Nationally, home sales fell 6.2% in May, which marked the largest month-to-month decline in nearly five years. We take a look at province-by-province performance.

British Columbia Prices showed some evidence of rebounding, increasing 4.2% year-over-year to $752,514 last month. Sales, however, were down 7.8% with a total of 12,403 homes sold. “In British Columbia, activity is showing early signs of recovering from last year’s correction in some areas of the province,” CREA said in its updated Resale Housing Market Forecast. “This suggests home buying sentiment may be starting to improve.”

Alberta The oil-dependent province continues to show evidence that it has left the worst of the oil downturn in its rearview mirror. Prices continue to hold steady (+1.3% y/y) at $412,382. Sales were up 9.1%, though, with a total of 6,251 homes sold. “Alberta has firmed up compared to the low reached in early 2016 and the balance between supply and demand in the province has been tightening,” CREA said.

Saskatchewan The average home sold for $302,720 (+2.7% y/y) last month on a total of 1,224 sales (-7.9% y/y).

Manitoba Sales and prices were up in all of Manitoba’s major markets, led by Thompson which saw its prices jump 17% ($224,100) and sales increase by 75%.

Ontario The most drastic sales decline occurred in the Greater Toronto Area, where the market experienced a 25.3% month-over-month drop. Activity was also down “significantly” in surrounding areas, including; Oakville, Hamilton, and Barrie. “Recent changes to housing policy in Ontario have quickly caused sales and listings to become more balanced in the GTA,” said CREA President Andrew Peck. “Meanwhile, the balance between supply and demand in Vancouver is tightening up, while many places elsewhere in Canada remain amply supplied.”

Quebec Quebec saw its sales jump 13.4% year-over-year and the average price increase 5% to $299,542.

Atlantic Canada A tale of balanced markets prevails in Eastern Canada. “To varying degrees, housing markets in … New Brunswick, Nova Scotia and Prince Edward Island had a breakout year in 2016, with rising sales drawing down previously elevated levels of supply,” CREA said. “So far this year, more balanced market conditions have remained in all of these regions.”


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3 Entrepreneurial Habits that will define You!

For myself, becoming an entrepreneur involved the ability to create and keep long term, beneficial habits – habits which fell into three areas. If you can stay the course within these three areas, you will be on target to reap the rewards of an entrepreneurial lifestyle.

Posted in Business, Career, Entertainment, Jim Pagiamtzis, Relationships, Toronto | Tagged , , , | Leave a comment

Home Capital To Settle Class Action Matters


TORONTO – June 14, 2017 – Home Capital Group Inc. (“Home Capital”) is pleased to announce it has reached two agreements which together comprise a global settlement with the Ontario Securities Commission (the “Commission”) and with respect to the putative class action commenced in February 2017 by Claire R. McDonald, Action No. 349/17CP (the “Class Action”) relating to allegations of misleading disclosure. The settlements are subject to approval (by the Commission and by the Ontario Superior Court of Justice respectively) and each settlement is conditional upon the approval of the other. The main terms of the two settlements for which approval is being sought are set out below. It is expected that full copies of both agreements will be publicly filed if both agreements receive final approval. Home Capital expects to fund substantially all of the costs of such settlements through available liability insurance.

Commission Settlement

Under its proposed settlement with the Commission, Home Capital will make a payment of $10 million and reimburse Commission costs in the amount of $500,000. Gerald Soloway (“Soloway”) will be reprimanded, prohibited from acting as a director or officer of any reporting issuer for a period of four years and pay an administrative penalty in the amount of $1 million. Each of Robert Morton (“Morton”) and Martin Reid (“Reid”) will be reprimanded, prohibited from acting as a director or officer of any reporting issuer for a period of 2 years and pay an administrative penalty in the amount of $500,000.

Of the $12 million (other than costs) being paid by the respondents in the Commission Settlement, $10 million will be paid by Home Capital directly for the benefit of Home Capital investors who comprise the proposed class in the Class Action (the “Class”). $2 million will be paid to the Commission. Staff of the Commission will recommend that $1 million be allocated to the Class and the remaining $1 million be allocated or used by the Commission in accordance with the Securities Act.

Class Action Settlement

Home Capital will make a payment of $29.5 million to be distributed (net of costs and other expenses) to the Class as defined in the Class Action, all subject to the approval of the Superior Court of Justice as to certification of the Class for settlement purposes (as well as leave under the Securities Act) and after notice to the Class of the proposed settlement, review and approval of the settlement by the Court. The $29.5 million includes $11 million of the payments being made in the Commission Settlement. Releases of all defendants and dismissals in the usual form are part of this settlement. There will be no deduction for legal fees of counsel for the class plaintiff in respect of the $11 million being paid in the Commission Settlement.

Approval Process

The Commission has issued a Notice of Hearing for a date to be set by the Commission, at which time the Commission will consider whether it is in the public interest to approve and give effect to the settlement agreement by making certain orders against Home Capital, Soloway, Morton and Reid as described therein. The parties to the Class Action are in the process of obtaining a date for the initial court hearing.

Company Statement

Brenda Eprile, Chair of the Home Capital Board, stated that “These settlements will enable us to move forward with regaining the confidence of our depositors and shareholders and creating value for all our stakeholders.” She noted, as indicated below, “Home Capital will accept full responsibility for failing to meet its disclosure obligations to the marketplace and appreciates the importance of the serious concerns raised by the Commission with respect to continuous and timely disclosure.” Eprile continued, “The Company also acknowledges that the Commission is not to blame for the events of recent months involving its liquidity position.” Upon final approval by both the Commission and the Ontario Superior Court of Justice, Home Capital believes that it will have taken full and appropriate responsibility for this matter.

Pursuant to the terms of the settlement agreement with the Commission, Home Capital will not be making any further statements on this matter outside of the approval proceedings.

Caution Regarding Forward-looking Statements

This press release contains forward-looking information within the meaning of applicable Canadian securities legislation. Please refer to the Home Capital’s 2016 Annual Report, available on Home Capital’s website at, and on the Canadian Securities Administrators’ website at, for Home Capital’s Caution Regarding Forwardlooking Statements.

About Home Capital Group Inc.

Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of insured residential mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits via brokers and financial planners, and through its direct to consumer deposit brand, Oaken Financial. Home Trust also conducts business through its wholly owned subsidiary, Home Bank. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.

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Originally published by Baldo Minaudo on, Baldo Minaudo, M.B.A. is a Real Estate Broker located out of Toronto serving local and international clients. He may be reached through is office 416-698-2090 or through his website.

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Expanding Your Business into the United States in the New Administration

Enhanced Cross-Border Strategies For Canadian Businesses

Whether you are starting to do business in the United States or are contemplating expansion into the United States, join our breakfast seminar in Markham, Ontario on Thursday, June 29, 2017.

Topics of discussion include cross-border sales, US site selection, supply and distribution, NAFTA, regional financial incentives, business structures for the US, tax strategies and business immigration in the US. Also featuring a presentation by the U.S. Consulate in Toronto about investment into the United States and assistance provided by the U.S. Government.

Reserve now. Space is limited!

Breakfast will be served.

Date and Time: Thursday, June 29, 2017 | 7:45 a.m. Registration and Breakfast | 8:00 to 9:30 a.m. Presentations and Q & A

Location: Courtyard Marriott, 7095 Woodbine Avenue, Markham, Ontario L3R 1A3

Cost: $45 (HST Included – HST#139631501), includes breakfast

To register for this event, email your name and telephone number to by Tuesday, June 27th (if space is still available). Payment instructions will be emailed to you.

Note: This seminar is presented by Neurose Business Seminars. Neurose Business Seminars is not a MetroActive member and as of yet have not been retained to provide any services to MetroActive.

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