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You Can Now Invest in Real Estate Using Bitcoin

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LAS VEGAS–(BUSINESS WIRE)–Prime Trust, a technology-driven trust company, announced today that it
has released new technology which enables real estate syndicators and
securities issuers to accept funds from investors in the form of Bitcoin
and Ethereum, frictionlessly and with zero crypto-market risk to the
syndicator or issuer. This enables holders of these virtual currencies
to invest in real estate, crowdfunding and other private and public
securities offerings without having to go through the cumbersome and
often confusing process of liquidating tokens and then wiring funds in
USD to an escrow account at Prime Trust.

With Prime Trust’s transaction technology, real estate syndicators,
portals, platforms, brokers and direct-issuers can now accept
investments with minimal friction, regardless of whether the investor is
remitting funds to escrow via wire, ACH, check, credit card, Bitcoin or
Ethereum.

How it works: Historically in Prime Trust’s standard escrow
business for the securities and real estate industries, funds could be
remitted via ACH, wire, check or credit card. The firm’s transaction
technology presents the investor with funds delivery instructions
specific to the method they chose to send funds. Bitcoin and Ethereum
work the same way. Prime Trust’s systems present BTC/ETH delivery
instructions, including a unique wallet address and QR code for the
specific transaction (see attached example photo).

Using these straightforward instructions, the investor can easily and
securely complete the transaction. Prime Trust’s platform keeps the
syndicator or issuer informed by updating the accounting records for the
offering to note the investor’s funds have been received, including the
net amount, and automatically sends email notifications (customizable by
the issuer) to the investor.

“Demand for people to be able to use digital currency as a method of
remitting funds for investments they make in real estate, as well as
traditional Reg D, Reg A, Reg S, and Reg CF offerings has been
dramatic,” said Scott Purcell, CEO of Prime Trust. “After years of
leading the crowdfunding and real estate industries with
technology-driven escrow, compliance, KYC, AML and other services,
adding Bitcoin and Ethereum is a natural extension of what we provide
our portal, broker, real estate syndicator, adviser and direct-issuer
customers.”

The technology is now out of beta and released for select Prime Trust
customers. It is available both via API’s and via the Prime Trust
“Invest Now” plug & play transaction engine. It is highly scalable and
can be used for both initial (primary) offerings, as well as for escrow
and clearance of secondary transactions by exchanges.

More information about Prime Trust’s products and solutions is available
at www.primetrust.com.

About Prime Trust

Prime Trust is a chartered Nevada trust company that as a Qualified
Custodian provides custody of cash, tokens (aka “coins”), stocks, bonds,
private business interests and other assets. It also provides compliance
and specialized services relating to funds processing, AML/KYC
compliance, and transaction technology for the new digital economy. As a
blockchain-driven trust company, its mission is to provide portals,
platforms, brokers, real estate syndicators and direct-issuers with
best-in-class solutions to seamlessly meet the needs of their securities
offerings and of exchanges and secondary markets. As a trust company,
Prime Trust provides a wide array of account types, including simple
custody, IRA’s, asset protection trusts, health savings accounts and
college savings solutions, all of which are designed to hold any asset
class.

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Real Estate

Real estate agent roars up interest in St. Albert home – CTV News

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A real estate agent is bringing velociraptor-fast attention to a St. Albert home that has been on the market for nearly three months.

Erin Hettle placed a number of dinosaurs in and around a home listed on Century 21 around 80 days ago.

“In real estate right now with it being so saturated, you have to be prepared to go outside the box and do creative things,” Hettle said. “Instead of seeing a house, all of a sudden it takes you by surprise, and you’re like, ‘did I just see a dinosaur?’”

The stunt has been pulled before—in New York and Texas.

“This is the fourth time it’s been done, so it’s kind of losing its cache,” said Colin Babiuk, a professor in the MacEwan University School of Business.

But showings have tripled since Hettle decided to bring some roar to the St. Albert home.

“This is generating more excitement than I really anticipated it to.”

With files from Matt Woodman

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Real Estate

Yukon real estate prices, sales hit record highs – CBC.ca

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Yukon's real estate market is showing no signs of cooling, despite a drop-off in home sales in many other parts of the country. The territory saw record-high sales reported in the third quarter of 2018.

"We know that the Yukon economy is doing well, and there's more demand for housing," said Marc Perreault, president of the Yukon Real Estate Association. 

"It's not surprising, it's continued growth."

The average price for a single detached house in Whitehorse was $475,000 in the third quarter of this year — up $25,100 (5.6 per cent) from a year earlier but still a little below the national average.

Meantime, the average price for a Whitehorse duplex was $367,200, and the condos were selling for an average of $351,400 — both record highs.

The total value of real estate transactions in Yukon also set a record in the third quarter of 2018, with $118.5 million in residential and commercial sales. That was up $26.3 million — or 28.5 per cent — from the same period in 2017. 

Perreault says there are a number of factors at work — including an increase in investment from outside Canada. ​

"Due to other provinces and territories maybe having added some investment taxes or disincentives for foreign ownership, we're seeing a lot of movement towards investments in the Yukon, from foreigners," he said.

Whistle Bend, Whitehorse's newest housing subdivision, seen here in 2016. Construction of new homes in the neighbourhood has been steady in recent years. (Paul Tukker/CBC)

The Yukon Bureau of Statistics collects real estate data for the territory, but does not currently calculate how much property is sold to foreign buyers. The bureau says it is working with Statistics Canada to compile that data.

Perreault says the market also shows other trends, such as more retired people staying in the territory instead of moving south. Younger people are also moving to the territory and deciding to stay rather than leave after a few years, as they might have in the past, he says.

Immigration is also a factor, according to Perreault. He says more immigrants are moving to Yukon, and they're buying homes. 

"The short version is, we're no longer Canada's best kept secret. People know about the Yukon — it's appealing, and people are moving here," he said.  

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Grey-Bruce real estate inventory remains low – Owen Sound Sun Times

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A real estate sold sign hangs in front of home. THE CANADIAN PRESS/Graeme Roy

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Low inventory and steady demand continued to push home prices higher in Grey-Bruce in November.
The average price of homes sold for the month was $343,468, up almost 11 per cent from the same month a year earlier, according to statistics released by the Realtors Association of Grey Bruce Owen Sound.
Through the first 11 months of the year the average price of home sales stands at $358,871, up 15.4 per cent from the first 11 months of 2017.
A total of 190 units were sold in the month, which was down more than 16 per cent from a near-record November 2017, but the sales were still just above the 10-year average for the month. So far this year, 2,693 units have sold, which is down 16.4 per cent from the first 11 months of 2017.
Overall supply remains at record lows, as it has for much of the year, with just 667 units at the end of November, which is well below the long run average of about 1,600 units at the time of year, and close to 10 per cent lower than at the end of November 2017.
The months of inventory at the end of November was 3.5, up slightly from the 3.3 months at the end of November 2017 and far below the long-run average of 11.4 months for the time of year.
New residential listings in November numbered 213 units, which was a 17 per cent jump from the same month a year ago, but still below the same month in most other years on record.
The dollar value of all homes sold in November was $65.3 million, down 7.3 per cent from the same month in 2017.
Sales of all property types in November numbered 244 units, a decrease of 13.8 per cent from November 2017. The value of those properties was $78.6 million, which was down 6.5 per cent from a year ago.
RAGBOS represents approximately 390 realtors across a geographical area that includes Bruce and Grey and part of Wellington counties.

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