19Dec 2018 by realtor8
Will Bitcoin fuels the next wave of Real Estate boom in Canada/USA?

Will Bitcoin fuels the next wave of Real Estate boom in Canada/USA?

bitcoin, real estate, trend, Uncategorized
Bitcoin mining consumes large quantities of energy because it uses computers to solve complex maths puzzles to validate transactions in the cryptocurrency, which are written to the blockchain, or digital ledger. The first miner to solve the problem is rewarded in bitcoin and the transaction is added to the blockchain. In 2018, we see that many large scale bitcoin mining company has setup pilot sites in North America to take advantage of the cheap electricity tariff as well as cool weather that will reduce the energy intake of the bitcoin mining machines. We see multiple industrial real estate has been snapped up by such mining corporations at Quebec, Washinton and Vancouver. The below are the large corporations snapping up such real estates for its mining facilities: Vancouver, Canada: Hut 8…
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30Nov 2018 by realtor8 No Comments
[News update]If you own a home north of Toronto, you’d better sit down.

[News update]If you own a home north of Toronto, you’d better sit down.

news, real estate, trend
Condo prices per square foot in the Vancouver city centre have soared 40 per cent over the past year, according to a survey from Century 21 Canada. A new study from realtor Century 21 breaks down house prices in Canada per square foot and it shows tremendous price increase. "Trends in real estate prices per square foot have been fickle for the last year —soft in some cities but stable in others, even varying from suburb to suburb in some cases," Century 21 Canada said in its report. "The trend of fluctuating prices has very likely only increased further since our cut-off for data earlier this summer," executive vice-president Brian Rushton said. While Vancouver's housing market went into serious slowdown mode over the course of this year, condo prices in the…
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