Red Deer Realtors Penny Kander and her son Bryce outside an acreage property north of Gasoline Alley. The Realty Executives partners say they are willing to accept a bitcoin transaction on the property.

Realtors list property for bitcoins

Got $1 million in bitcoins burning a hole in your pocket?

Got $1 million in bitcoins burning a hole in your pocket?

If so, Red Deer realtor Bryce Kander has the house for you. He has just listed his former family home on 3.3 acres in Gasoline Alley for a cool $1 million — bitcoins accepted.

That makes it the largest property up for grabs for bitcoins in Canada.

For the uninitiated, bitcoins are an unregulated digital currency that has been around since 2009. While some currency watchers have warned against them, bitcoins have been gathering growing acceptance from retailers.

According to Payments.com, there are 80,000 bitcoin transactions daily worth about US$250 million.

Kander takes the currency’s unproven track record in stride.

“Basically, it’s going to go to zero or it’s going to go to $1 million.”

His ad on Kijiji was placed a few days ago and since then he and his mother Penny Kander — the property’s owner and a local realtor with 34 year’s of experience — have fielded about half a dozen calls.

Kander said the bitcoin offer isn’t just an advertising gimmick.

“It’s for real,” he said. “It’s not your typical person who’s going to buy this particular piece of property.”

If a $1 million bitcoin offer comes in, his mother intends to convert most of it into standard currency but hold on to $50,000 as an investment.

The bitcoin price will be based on the day of the offer at current value rates as determined to the Canadian virtual exchange based on a weighted price of 12 hours.

The two-storey home is 2,410 square feet and is located just north of Costco. It was built in 1985 and has four bedrooms and two bathrooms.

The knock on bitcoins is that since it is not backed by any central bank or other regulator, its value is vulnerable to wild fluctuations. Its value has jumped 9,000 per cent over the last year.

For instance, the value of bitcoins dropped almost a third before recovering somewhat on Thursday when China’s central bank banned its financial institutions from trading in bitcoins.

On the other side of the ledger, a Wall Street currency analyst backed bitcoins on Thursday.

Bitcoins were worth about $1,000 on Friday.

pcowley@bprda.wpengine.com

Just Posted

Trump says ‘things are going very well’ with North Korea

WASHINGTON — President Donald Trump said Saturday that “things are going very… Continue reading

NDP won’t stop until Trans Mountain is built, says minister

Deron Bilous speaks at Red Deer chamber luncheon

Trudeau fields questions at town hall meeting in St-Hyacinthe, Que.

SAINT-HYACINTHE, Que. — Ottawa’s decision to sign the UN compact for migration… Continue reading

Americans face deadline to file paperwork for Huawei executive’s extradition

OTTAWA — American authorities are facing a key deadline at the end… Continue reading

Red Deer officials will allow Calgary to trial alcohol in parks

The result could determine if local rules are relaxed

Trudeau says politicians shouldn’t prey on Canadians’ fears

The Prime Minister was speaking at a townhall in Ontario

Anxiety in Alaska as endless aftershocks rattle residents

Seismologists expect the temblors to continue for months, although the frequency has lessened

Women’s March returns across the U.S. amid shutdown and controversy

The original march in 2017, the day after President Donald Trump’s inauguration, drew hundreds of thousands of people

Kriechmayr edges Swiss favourite Feuz to win WCup downhill

WENGEN, Switzerland — It takes a special run to beat Switzerland’s best… Continue reading

WestJet plane heading to Victoria slides off Edmonton runway, no injuries

EDMONTON — A WestJet plane has slid off an icy taxiway at… Continue reading

Sam Bennett scores twice, Flames beat Red Wings 6-4

Flames 6, Red Wings 4 CALGARY — Sam Bennett scored twice including… Continue reading

Rare ‘super blood wolf moon’ takes to the skies this Sunday

Celestial event happens only three times this century

Fashion Fridays: Inspirational gym outfits

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Most Read