Calgary home sells for $1 million, buyer paid in Bitcoin

The Canadian brokerage Greater Property Group has helped close a sale of a $1,000,000 home that was mostly paid for in Bitcoin.

The home is a three-bedroom/bathroom home in central Calgay’s Glendale neighbourhood. The buyer paid $800,000 in the famous cryptocurrency and covered the remaining $200,000 in Canadian dollars.

While it’s interesting, the report from Storeys mentions that the seller was actually the one who brought the home to the Greater Property Group to list it in Bitcoin. While this sounds somewhat unusual, the seller is likely expecting more growth from Bitcoin over the coming years.

This isn’t the first home to be bought or sold using Bitcoin in Canada. It is one of the larger ones and might help lend a little more legitimacy to the relatively new form of currency.

Source: Storeys

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