Quantum Properties Accepts Bitcoin For Condo Deposits | HuffPost

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Would You Buy A Home With Bitcoin?

The Huffington Post B.C.

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Getty/Quantum Properties

A Fraser Valley-based developer is tapping into digital currency to provide more options for buyers.

Quantum Properties in Abbotsford is B.C.'s first real estate developer to accept Bitcoin for deposits on its condos, Business in Vancouver reported.

And while no buyers have used the currency to purchase a home, the company wants to be innovative, CEO Diane Delves told the newspaper.

"I like to keep up with current trends," she said. "Why not get in on it?"

Bitcoin is a form of Internet money that allows peer-to-peer purchases online. It appeals to consumers because it removes a middleman such as a central bank or credit card company, and it permits anonymity in online payments.

Vancouver became the first city to host a Bitcoin ATM after a kiosk was installed at a downtown Waves Coffee in October 2013. Quantum Properties' Vancouver office is located next door, Global News reported.

While popular, the currency's value has shown some vulnerability. The price of Bitcoin crashed in early December after China's central bank told financial institutions that the currency was not real.

Delves, however, doesn't seem concerned by any sudden drops in value.

"We're not going to expose ourselves to undue risk, so we will probably convert a lot of the Bitcoin into Canadian dollars," she told The Abbotsford News.

Quantum Properties' projects include Mahogany at Mill Lake, a luxury high-rise in Abbotsford, where 78 units are for sale; Orchid Riverside Condo Homes in Port Coquitlam, which is currently under construction; and Abacus Uptown in Abbotsford, where there are 68 homes are on the market.

The company, however, is not the first B.C. business to jump in on Bitcoin fever.

ClearlyContacts.ca, a Vancouver-based eyewear business, became the first major Canadian e-commerce retailer to accept the currency earlier this month, The Vancouver Sun reported.

That decision came after the Montreal Economic Institute warned that Bitcoin lacks the legal framework needed to become mainstream.

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6. $6,388,000(37 of310)

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6. $6,388,000(38 of310)

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6. $6,388,000(39 of310)

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5. $6,390,000(40 of310)

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5. $6,390,000(41 of310)

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5. $6,390,000(42 of310)

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5. $6,390,000(43 of310)

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5. $6,390,000(44 of310)

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5. $6,390,000(45 of310)

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5. $6,390,000(46 of310)

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5. $6,390,000(47 of310)

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5. $6,390,000(48 of310)

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5. $6,390,000(49 of310)

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5. $6,390,000(50 of310)

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5. $6,390,000(51 of310)

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5. $6,390,000(52 of310)

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5. $6,390,000(53 of310)

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4. $7,700,000(54 of310)

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4. $7,700,000(55 of310)

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4. $7,700,000(56 of310)

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4. $7,700,000(57 of310)

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3. $8,899,000(60 of310)

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3. $8,899,000(61 of310)

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8. $9,990,000(112 of310)

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8. $9,990,000(113 of310)

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8. $9,990,000(121 of310)

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8. $9,990,000(122 of310)

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7. $10,200,000(127 of310)

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7. $10,200,000(129 of310)

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7. $10,200,000(130 of310)

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7. $10,200,000(131 of310)

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7. $10,200,000(132 of310)

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7. $10,200,000(133 of310)

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7. $10,200,000(134 of310)

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7. $10,200,000(135 of310)

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7. $10,200,000(136 of310)

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7. $10,200,000(137 of310)

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7. $10,200,000(138 of310)

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7. $10,200,000(139 of310)

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7. $10,200,000(140 of310)

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7. $10,200,000(141 of310)

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7. $10,200,000(142 of310)

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7. $10,200,000(143 of310)

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6. $10,388,000(144 of310)

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6. $10,388,000(145 of310)

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6. $10,388,000(146 of310)

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6. $10,388,000(147 of310)

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6. $10,388,000(148 of310)

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6. $10,388,000(149 of310)

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6. $10,388,000(150 of310)

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6. $10,388,000(151 of310)

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6. $10,388,000(152 of310)

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6. $10,388,000(153 of310)

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6. $10,388,000(154 of310)

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6. $10,388,000(155 of310)

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6. $10,388,000(156 of310)

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6. $10,388,000(157 of310)

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6. $10,388,000(158 of310)

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6. $10,388,000(159 of310)

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6. $10,388,000(160 of310)

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6. $10,388,000(161 of310)

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6. $10,388,000(162 of310)

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6. $10,388,000(163 of310)

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5. $10,800,000(165 of310)

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5. $10,800,000(166 of310)

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5. $10,800,000(167 of310)

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5. $10,800,000(168 of310)

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5. $10,800,000(169 of310)

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5. $10,800,000(170 of310)

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5. $10,800,000(171 of310)

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5. $10,800,000(172 of310)

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5. $10,800,000(173 of310)

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4. $11,700,000(176 of310)

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4. $11,700,000(177 of310)

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4. $11,700,000(178 of310)

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4. $11,700,000(179 of310)

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4. $11,700,000(180 of310)

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4. $11,700,000(181 of310)

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4. $11,700,000(183 of310)

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4. $11,700,000(184 of310)

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4. $11,700,000(185 of310)

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4. $11,700,000(186 of310)

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4. $11,700,000(187 of310)

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4. $11,700,000(188 of310)

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4. $11,700,000(189 of310)

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4. $11,700,000(190 of310)

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4. $11,700,000(191 of310)

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4. $11,700,000(192 of310)

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4. $11,700,000(193 of310)

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3. $12,800,000(196 of310)

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3. $12,800,000(197 of310)

(credit:MLS®#: V1027201)

3. $12,800,000(198 of310)

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3. $12,800,000(199 of310)

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3. $12,800,000(200 of310)

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3. $12,800,000(201 of310)

(credit:MLS®#: V1027201)

3. $12,800,000(202 of310)

(credit:MLS®#: V1027201)

3. $12,800,000(203 of310)

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3. $12,800,000(204 of310)

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3. $12,800,000(205 of310)

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3. $12,800,000(206 of310)

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3. $12,800,000(207 of310)

(credit:MLS®#: V1027201)

3. $12,800,000(208 of310)

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3. $12,800,000(209 of310)

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2. $16,800,000(210 of310)

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2. $16,800,000(211 of310)

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2. $16,800,000(212 of310)

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2. $16,800,000(213 of310)

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2. $16,800,000(214 of310)

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2. $16,800,000(215 of310)

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2. $16,800,000(216 of310)

(credit:MLS®#: V1036977)

2. $16,800,000(217 of310)

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2. $16,800,000(218 of310)

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2. $16,800,000(219 of310)

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1. $17,178,000(220 of310)

1471 Bramwell Rd., West Vancouver, B.C.Building Type: HouseBedrooms: 8Floor Space: 15960 sq.-ft.Land Size: 25288 sq.-ft.Built In: 1999Bathrooms: 8 (credit:MLS®#: V1027178)

1. $17,178,000(221 of310)

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1. $17,178,000(222 of310)

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1. $17,178,000(223 of310)

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1. $17,178,000(224 of310)

(credit:MLS®#: V1027178)

1. $17,178,000(225 of310)

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1. $17,178,000(226 of310)

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1. $17,178,000(227 of310)

(credit:MLS®#: V1027178)

1. $17,178,000(228 of310)

(credit:MLS®#: V1027178)

1. $17,178,000(229 of310)

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1. $17,178,000(230 of310)

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1. $17,178,000(231 of310)

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1. $17,178,000(232 of310)

(credit:MLS®#: V1027178)

1. $17,178,000(233 of310)

(credit:MLS®#: V1027178)

1. $17,178,000(234 of310)

(credit:MLS®#: V1027178)

1. $17,178,000(235 of310)

(credit:MLS®#: V1027178)

1. $17,178,000(236 of310)

(credit:MLS®#: V1027178)

1. $17,178,000(237 of310)

(credit:MLS®#: V1027178)

1. $17,178,000(238 of310)

(credit:MLS®#: V1027178)

1. $17,178,000(239 of310)

(credit:MLS®#: V1027178)

The Private Residences At The Hotel Georgia(240 of310)

New suites on the 39th and 45th floor of The Private Residences at the Hotel Georgia were put up for sale on Dec. 2, 2013. These images are of the show suites on the 25th floor, which are slightly smaller. Designer Mitchell Freedland offers the suites in either a dark or light colour scheme. (credit:Handout)

The Private Residences At The Hotel Georgia(241 of310)

(credit:Handout)

The Private Residences At The Hotel Georgia(242 of310)

(credit:Handout)

The Private Residences At The Hotel Georgia(243 of310)

(credit:Handout)

The Private Residences At The Hotel Georgia(244 of310)

(credit:Handout)

The Private Residences At The Hotel Georgia(245 of310)

(credit:Handout)

The Private Residences At The Hotel Georgia(246 of310)

(credit:Handout)

The Private Residences At The Hotel Georgia(247 of310)

(credit:Handout)

The Private Residences At The Hotel Georgia(248 of310)

(credit:Handout)

The Private Residences At The Hotel Georgia(249 of310)

(credit:Handout)

The Private Residences At The Hotel Georgia(250 of310)

(credit:Handout)

Fairmont Estates Pacific Rim - $28,800,000(251 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(252 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(253 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(254 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(255 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(256 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(257 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(258 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(259 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(260 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(261 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(262 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(263 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(264 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(265 of310)

(credit:MLS®: V906989)

Fairmont Estates Pacific Rim - $28,800,000(266 of310)

(credit:MLS®: V906989)

West Cordova - $11,288,000(267 of310)

Building Type : ApartmentBedrooms : 2Floor Space : 3358 sqftStoreys : 1Built in : 2010View : ViewWaterfront : WaterfrontBathrooms : 3Title : Condominium/Strata (credit:MLS®: V979000)

West Cordova - $11,288,000(268 of310)

(credit:MLS®: V979000)

West Cordova - $11,288,000(269 of310)

(credit:MLS®: V979000)

West Cordova - $11,288,000(270 of310)

(credit:MLS®: V979000)

West Cordova - $11,288,000(271 of310)

(credit:MLS®: V979000)

West Cordova - $11,288,000(272 of310)

(credit:MLS®: V979000)

West Cordova - $11,288,000(273 of310)

(credit:MLS®: V979000)

West Cordova - $11,288,000(274 of310)

(credit:MLS®: V979000)

The Presidio Penthouse - $8,995,000(275 of310)

Building Type : ApartmentBedrooms : N/AFloor Space : N/AStoreys : N/ABuilt in : N/AView : ViewBathrooms : N/ATitle : Condominium/Strata (credit:Malcolm Hasman)

The Presidio Penthouse - $8,995,000(276 of310)

(credit:Malcolm Hasman)

The Presidio Penthouse - $8,995,000(277 of310)

(credit:Malcolm Hasman)

The Presidio Penthouse - $8,995,000(278 of310)

(credit:Malcolm Hasman)

The Presidio Penthouse - $8,995,000(279 of310)

(credit:Malcolm Hasman)

The Presidio Penthouse - $8,995,000(280 of310)

(credit:Malcolm Hasman)

The Presidio Penthouse - $8,995,000(281 of310)

(credit:Malcolm Hasman)

Yaletown - $11,880,000(282 of310)

Building Type : ApartmentBedrooms : 6Floor Space : 6330 sqftStoreys : 2Built in : 1999View : ViewBathrooms : 6 + 1Title : Condominium/Strata (credit:Malcolm Hasman)

Yaletown - $11,880,000(283 of310)

(credit:Malcolm Hasman)

Yaletown - $11,880,000(284 of310)

(credit:Malcolm Hasman)

Yaletown - $11,880,000(285 of310)

(credit:Malcolm Hasman)

Yaletown - $11,880,000(286 of310)

(credit:Malcolm Hasman)

Yaletown - $11,880,000(287 of310)

(credit:Malcolm Hasman)

Yaletown - $11,880,000(288 of310)

(credit:Malcolm Hasman)

Yaletown - $11,880,000(289 of310)

(credit:Malcolm Hasman)

Yaletown - $11,880,000(290 of310)

(credit:Malcolm Hasman)

Yaletown - $11,880,000(291 of310)

(credit:Malcolm Hasman)

Yaletown - $11,880,000(292 of310)

(credit:Malcolm Hasman)

Yaletown - $11,880,000(293 of310)

(credit:Malcolm Hasman)

Yaletown - $11,880,000(294 of310)

Coal Harbour Penthouse - $7,800,000.(295 of310)

Building Type : ApartmentBedrooms : 3Floor Space : 3970 sqftStoreys : 1Built in : 2001View : ViewTitle : Condominium/Strata (credit:Malcolm Hasman)

Coal Harbour Penthouse - $7,800,000.(296 of310)

(credit:Malcolm Hasman)

Coal Harbour Penthouse - $7,800,000.(297 of310)

(credit:Malcolm Hasman)

Coal Harbour Penthouse - $7,800,000.(298 of310)

(credit:Malcolm Hasman)

Coal Harbour Penthouse - $7,800,000.(299 of310)

(credit:Malcolm Hasman)

Coal Harbour Penthouse - $7,800,000.(300 of310)

(credit:Malcolm Hasman)

Coal Harbour Penthouse - $7,800,000.(301 of310)

(credit:Malcolm Hasman)

Coal Harbour Penthouse - $7,800,000.(302 of310)

(credit:Malcolm Hasman)

Fairmont Pacific Rim - $21,000,000(303 of310)

Building Type : ApartmentBedrooms : 3Floor Space : 4015 sqftStoreys : 1Built in : 2010View : ViewBathrooms : 4Title : Condominium/Strata (credit:MLS®: V951965)

Fairmont Pacific Rim - $21,000,000(304 of310)

(credit:MLS®: V951965)

Fairmont Pacific Rim - $21,000,000(305 of310)

(credit:MLS®: V951965)

Fairmont Pacific Rim - $21,000,000(306 of310)

(credit:MLS®: V951965)

Fairmont Pacific Rim - $21,000,000(307 of310)

(credit:MLS®: V951965)

Fairmont Pacific Rim - $21,000,000(308 of310)

(credit:MLS®: V951965)

Fairmont Pacific Rim - $21,000,000(309 of310)

(credit:MLS®: V951965)

Fairmont Pacific Rim - $21,000,000(310 of310)

(credit:MLS®: V951965)

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