I have been thinking about selling my condo for BTC. I live in a prime downtown neighbourhood in one of Canada's largest cities. I feel that, due to risk, I could potentially list my home at a higher price and wouldn't have to pay a broker commission. Additionally I think listing my property in BTC would attract attention that may be hard to do without the traditional MLS system. Of course it would also help me build up a significant holding of BTC.
I'm interested in any possible legal or financial issues I may run into. I can only find limited information online with respect to Canada. I would love to hear from anyone who has conducted a real estate transaction with BTC in Canada.
This surely is possible but I think you should definitely consider the fact that Bitcoin is not a super steady currency. Sure no currency is perfectly stable, but as you know, Bitcoin is just very volatile and it may not be a great idea to put such a significant sum of money into BTC if you don't know what you're doing. Beyond that, you will probably have to work out some legal issues with a lawyer but otherwise I see no reason why this exchange won't work.