All Posts by Bruce Firestone

Take this COACHABILITY QUIZ to find out—are you ready, willing and able to be coached: 1. I have time to invest in myself. YES/NO 2. I can keep my word and promises to myself to work on my coaching material. YES/NO 3. There is a gap between where I am now and where I want […]

Why it’s such an uneven playing field when it comes to mortgage financing I have a client who signed a mortgage commitment. Then a few days later, he got a better offer. Can he accept the second offer or not? Here’s what I wrote to Robert (not his real name): I read over your mortgage […]

Here’s how I learned to do that from my spouse… There are some benefits to getting older. You tend to have more patience and perspective; you tend to make better decisions and, consequently, fewer mistakes. After I left the Sens, I wanted to figure out what to do next and, at the same time, my […]

Terrace Real Estate Group, operating under Century 21 Explorer Realty Inc, is a team of highly experienced and creative real estate professionals including Nick Cripps, Broker, Simon Case, Realtor and Bruce M Firestone, PhD, Broker/Coach.  Terrace Investments Limited, originally a real estate development company, started operations in 1956. The company was the original parent company […]

Mr Francey interviews Bruce M Firestone on Patrick’s everyday millionaire podcast: https://theeverydaymillionaire.ca/episode82-bruce-firestone-making-impossible-possible/ -how to find your why -if you want to change your life, you have to act -how to restart your life at any age -how to really provide yourself and your family for 3-generations -the story of Roy and Tammy, owners of 48-doors […]

A million-dollar TFSA, https://business.financialpost.com/personal-finance/taxes/the-road-to-the-million-dollar-tfsa-is-getting-shorter-for-millennials, sounds great except I’m not 100% convinced about these assumptions: a) earning 4.7% yearly, compounding annually, b) continuing to put in max $$$ every year for 47-consecutive years without fail. There are simply too many ups & downs over a lifetime. But, say you buy a half double like one of […]

I spoke with my friend Victor Menasce about the Ottawa Senators, the NHL, real estate investment and more on his podcast… I explained how we purchased (in the early 1990s) 600-acres in the far west-end of Ottawa (Kanata) for $12,000 an acre ($7.2 million, if you are counting), plunked an NHL expansion franchise (aka, the […]

There are some benefits to getting older. You tend to have more patience and perspective; you tend to make better decisions and, consequently, make fewer mistakes. After I left the Sens, I wanted to figure out what to do next and, at the same time, my spouse, Dawn Mac Millan Firestone, was training to become […]

I usually don’t really like rent-to-own (R2O) models either from an investor’s POV (point of view) or from a client’s POV. From a client’s POV, it’s an expensive way to buy property; they have to pay all of the costs of the property including mortgage payments, property taxes, insurance (tenant and landlord insurance), all repairs/maintenance, […]

[Excerpt from soon-to-be-published Gadgets and Gizmos, Bruce M Firestone, 2020] How could you give workers in the fast food industry a living wage? The only way (sustainably) is to make them more productive. Here is my thought about this: Turn your existing biz processes inside out. If I owned a fast food business, I would […]

[The problem with low appraisals] I am frustrated that Canadian real estate entrepreneurs have so few options when it comes to financing their projects. My friend, Matt Slobodian from Canada ICI wrote this: The regulatory framework in Canada focuses on safety and soundness (it is federally regulated via OSFI, which implies higher standards) whereas the […]

I coach some fantastic entrepreneurs in the US, Canada and elsewhere. However, there is an experience common to entrepreneurs the world over except for the US. Their business ecosystem is different. I wrote to a Canadian woman I coach who runs a real estate portfolio focused on Airbnb and student rentals who is expanding her […]