What is the Value of $440K?-3814

What is the Value of $440K?

The average price for homes sold across Canada in March of 2015 was $439,144. The most notable rises in list pricing came out of Vancouver at 7.2%, Toronto at 7.8%, and the Northwest Territories at a whopping 14.7%. So what is Real Estate Value like in Canada? At a national average cost of $440K, what exactly will that buy in Canadian real estate? Where is the best value for your dollar? Coming in below the $440,000 price point are: Summerside, PEI […]

green house monopoly property risk

Could You be at Risk?

  According to insurance experts, there are 6 main misconceptions regarding home owners and their insurance policies.   30-Day Vacancy Rule: The refusal of coverage from your insurance company if your property remains vacant for over 30 days. Jewelry Coverage: Theft or loss of jewelry is only covered to a sub-limit that is set by your insurance company. Rare Items: Appraisals and insurance extensions are recommended in case of theft or loss of rare items. Sewer Back-Up & Earthquakes: These occurrences […]

Handing keys from one hand to the next. Magum York Condo

Housing Market Declines in Calgary

  With a 30% decline in sales from 2014 to 2015, the Calgary real estate market has definitely seen better days. In a currently flooded market, available listings continue to rise, while the number of buyers steadily declines. Buyers and investors alike are becoming much more guarded with their funds, due to the fall of oil prices and drastic changes in Calgary’s economic situation. Even the cost of real estate is being affected, as Calgary has already seen a 1.2% […]

Magnum York Expands into Olds, Alberta-3836

Magnum York Expands into Olds, Alberta

After being in property management for over 15 years in the Olds, Didsbury and Sundre areas, the partners of Royal LePage Wildrose have decided to leave the property management business to focus on real estate sales.  They have decided to sell their property management operations to Magnum York Property Management Ltd.   With Magnum York taking over the operations, it will bring added depth and additional services which will translate to greater benefits to you, our clients.  This change will take […]

Resident Retention and Your Bottom Line-4086

Resident Retention and Your Bottom Line

There’s something we must admit: renting a condo unit is much different than actually Retaining the residents. It can be one of the most challenging aspects of rental property management. Why should you struggle to attract and retain high-quality tenants for a long time? Leaving aside all the time and effort you must spend to fill vacancies, securing a longer lease is more cost effective than finding new tenants every few months. Since finding and keeping good renters for an […]

new method payments debit machine cheque money order

New Methods of Payment

  Starting March 1st, 2014 Magnum York Property Management stopped accepting cash for payment. We have inter-graded our new debit machine into our system to help the transition of no cash. This provides a more convenient way for our clients to pay rent, condo fees, and/or special assessments. Magnum York still accepts cheque, money order and pre-authorized debit as a form of payment. To obtain a pre-authorized form, please email info@magnumyork.com. We would like to thank everyone for their co-operation, […]

fixed and variable mortgage rates housing alberta

Fixed Rate Mortgages vs. Variables

Fixed Rate Mortgages vs. Variables The improving economy suggest a fixed rate mortgage, rather then a variable mortgage. Normally for home buyers it has been suggested to use the variable mortgage, for a more cost effective investment. The Tables have turned this year and the low interest rates may be coming to an end. To read more, click on the link below. http://canadaam.ctvnews.ca/finance/fixed-vs-variable-rate-mortgages-what-s-right-for-you-1.2264997

sellers market grass calgary real estate

Calgary Real Estate Nearing Seller’s Market

Calgary Real Estate Nearing Seller’s Market Real estate is approaching a seller’s market in Calgary, according to a new report on the potential of a national housing bubble. Find out more, click on the link below. http://www.cbc.ca/news/canada/calgary/calgary-real-estate-nearing-seller-s-market-says-report-1.2584812