Realtor Accepting Bitcoin in Canada

Canadian Realty Welcomes Bitcoin

British Columbia, Canada is home to another real estate firm accepting Canadian bitcoin down payments on properties.

Quantum Properties started welcoming bitcoin deposits yesterday, on properties it sells locally. Founded in 2000, the firm builds residential and commercial retail buildings. President and CEO Diane Delves said:

“For accepting deposits, bitcoin payments actually works very fast for us. We can be assured of the deposit within an hour while we finish our customer’s paperwork. Bitcoin also carries no to very low transaction fees which is a nice bonus.”

The Quantum Properties firm has taken a liking to converting their bitcoins into cash. She then went on to say, “However, we do believe in the future of bitcoin and plan to hold some as an investment.”

Delves has joined a continuously growing community of realtors who accept bitcoin payments. Back in August 2013, Paul Chavady, a realtor from Saskatoon, claimed he would be accepting the digital currency for down payments.

“We think any fluctuations will eventually even out on our transactions so we’re not too worried about the currency exchange rate risk in the short-term.”

As bitcoin awareness spreads, more realtors have hopped aboard the idea, believing it will strengthen their businesses. Just last month, the biggest Canadian real estate offering of $1 million, went on the market for an Alberta property, priced in bitcoin.

Realtor Bond New York from Manhattan, NY also gambled on pricing residential properties in bitcoin. Noah Freedman, co-founder of the firm, said that some potential customers have already expressed interest in paying with bitcoin. He then adds that it will be only a portion of their sales for the foreseeable future:

“I don’t expect it to be a large amount of transactions since the market is small compared to dollars. But we are in the customer service business and we believe that this is a convenient and cheap way for people to make payments, so we are all for it.” 

Bond New York is one of the city’s largest firms, with seven separate locations, housing over 500 employees. Their bitcoin transactions will be done through Coinbase, a San Francisco payment processor, used to make purchases on any of their over 250 online listings.

Delves continues to focus on bitcoin deposits for residential areas. She says, “As a business, we need to adapt quickly to the future and we believe there is a future for bitcoin as a payment transaction service.”

Image via Twitter.