Edmonton Real Estate Blog

Buying Real Estate With Bitcoin and Cryptocurrency

How Blockchain Technology May Change Real Estate

There is no doubt that Blockchain has had a significant influence on the financial services industry and you will be hard pressed to find a segment of it that has not been impacted by this technology. The use of Cryptocurrencies has strongly impacted currency exchange, remittances and payments of all kinds. There has been the introduction of Initial Coin Offerings (ICO’s) and this has strongly challenged venture capital, the investment in stocks and loans for start-ups.

There has been a significant impact from Blockchain on the Real Estate sector as well. It was unthinkable until recently that making transactions via digital channels was even possible for real estate and other high value assets. Transactions in real estate had always been performed in the “off line” mode through face to face interactions with a number of parties. But this has now been challenged through the use of Blockchain. Blockchain...

Edmonton Real Estate Blog - Edmonton Real Estate Stats September 2017

"Once the distractions of summer are over, the market usually picks up with buyers looking to move in to a new home before the snow flies", says James Mabey, Chair of the REALTORS® Association of Edmonton. "However, it is possible we didn't see a strong performance for unit sales this September because the Bank of Canada raised interest rates twice this summer, putting some downward pressure on buyer purchase intentions. Despite this, consistent average sale prices last month throughout the Edmonton area (and across most property types) suggest the local market enjoys continued health."

Edmonton Real Estate Stats September 2017

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