Changes in Alberta Condo Act protects consumers-4363

Changes in Alberta Condo Act protects consumers

The new condo act has been passed in the Alberta legislature and it’s positive for consumers across the province. The bill died in previous government discussion but was re-introduced back in 2014. What differences will it make moving forward? Kim Taylor from CTV News tells us more in an informative consumer watch segment. “the condominium property amendment act has 50 changes in it which government hopes will give consumers protection and improve how condos are run”. The Alberta government is addressing […]

Hold Effective Condo Meetings: An Overview-4112

Hold Effective Condo Meetings: An Overview

  Learn how to hold effective condo meetings as a director or a coordinator of a Condo Board or Association. Maybe you attend the Condo Meetings and want to be a larger part of the groups success and efficiency. Running effective meetings can be quite a challenge if you are not prepared. That is why Magnum York has prepared the information you need to get a head start. First you may want to review one of our past posts: “The […]

Fiscal Planning Best Practices for Condo Boards-4077

Fiscal Planning Best Practices for Condo Boards

Condominium Fiscal Planning Like any successful corporation, condo boards in the Alberta area need to perform extensive fiscal planning; it’s always better to plan than to react. If you employ best practices, this process will go easier and smoothly. So where to begin when planning best practices for condo boards? You should start by analyzing the previous year’s budget and what your current monthly statements reflect, do you have surplus or a deficit for this current month? The next step is […]

Top Condo Security Tips for Properties in Alberta-3953

Top Condo Security Tips for Properties in Alberta

A multifamily community can provide residents a sense of safety and security that they might not have in a single family dwelling. Condo and rental property neighbors live in close quarters. They can look out for one another and offer mutual support during a crisis. Hence this post on top condo security tips for your property. With any large community, there are bound to be ongoing safety and security issues. Fortunately, you can minimize the problems by evaluating the exposures ahead of time and implementing […]

Be on the Same Page: Communicate Perfect Condo Goals-3945

Be on the Same Page: Communicate Perfect Condo Goals

As with any corporate meeting, your condo board meeting should be where members accomplish meaningful tasks through effective decision making. So how do you Communicate Perfect Condo Goals? Your board meeting will best serve that function when everyone keeps these purposes in mind: Know your responsibilities as a board member; what is the board responsible for overseeing/implementing/enforcing/resolving? Understanding primary concerns and issues Avoid conflicts of interest and understand the liability involved Be familiar with the corporations bylaws; Specifically sections on Board & Owner responsibilities, as well […]

Investing in property across Alberta? Magnum has you covered-3865

Investing in property across Alberta? Magnum has you covered

When a “nothing-special” bungalow recently sold to a Chinese university student for a million dollars in the north end of Toronto, people started taking a harder look at how foreign investment in Canada’s real estate market is affecting the market in general and their personal chances of obtaining reasonable access to affordable property in specific. Apartments and condos are being snapped up left and right in our cities, often by foreign investors, and the prices are being driven up in […]

Property Management Company makes Big Splash-3841

Property Management Company makes Big Splash

Magnum Magazine Magic – Property Management Article Magnum York Property Management is proud to announce our most recent magazine publication. You will find the article published in the DDC Journal (Design, Develop, Construct). The journal is for those “with the vision to build North America.” As Alberta’s largest property manager Magnum York is living up to that vision. Owner Peter Best is featured in the article, follow him on Twitter @propertypete. Read the article on this page or through the DDC Magazine […]

Condo Board Vendors – What you Need to Know-3828

Condo Board Vendors – What you Need to Know

Since 1991, Magnum York has provided highly effective, professional real estate management services and rental property solutions to our clients throughout Alberta, with offices in Calgary, Red Deer, Olds, Fort McMurray and Edmonton. With properties worth in excess of two billion dollars under current management, our decades-long experience and proven Condo Management Programs have allowed Magnum York to become the Province’s largest independent property management firm.   So Much To Do When Managing Properties Effective condominium management requires consistent attention to detail […]

The Most Efficient Condo Boards of All Time Do This-3823

The Most Efficient Condo Boards of All Time Do This

A condominium is a community and, like all communities, some are run more smoothly and efficiently than others, and each is unique within itself. A condo is also a corporation and, like other corporations, is governed by a Board of Directors according to the corporation’s by-laws. In the case of condominiums here in Canada, governance is also required to conform to applicable provincial legislation. Proper property management can be an important factor in the ongoing health of a condo community, […]

Smart Decision Making: Five Tips for Condo Boards-3815

Smart Decision Making: Five Tips for Condo Boards

  It takes a unique individual to serve on the condo board. The kind of person who cares about the world around them and is willing to shoulder responsibility to make life better, not just for themselves, but for others as well. Along with the responsibilities comes the increased knowledge and ability to be proactive about making needed changes rather than just complaining. The following tips can help any board member regardless of their condo association size or how long […]