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CMHC Hikes Mortgage Insurance Premiums

CMHC Hikes Mortgage Insurance Premiums There is an increase in the insurance premium but the increase is small enough it should effect too many people when purchasing a property with less then the 20% down. “Prior to the announcement, the premiums ranged between 0.5 per cent and 2.75 per cent. Under the new rules, they will range from 0.6 per cent to 3.15 per cent.” To read more about this article, click on the following link: http://www.cbc.ca/news/business/cmhc-hikes-mortgage-insurance-premiums-1.2555076       […]

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Magnum York Opens Mars Office

  In the future this might be a real announcement but for now I can only dream. I have been following this story for a couple of months. It is truly amazing that we are this close to sending people to Mars. Mars settlement: Science prof among 75 Canadians in 1st cut. http://www.cbc.ca/news/canada/new-brunswick/mars-settlement-science-prof-among-75-canadians-still-in-running-1.2491290

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Doggy DNA database lets condos track repeat offenders

Doggy DNA database lets condos track repeat offenders When I first saw this headline I couldn’t help but laugh. http://www.cbc.ca/news/technology/doggy-dna-database-lets-condos-track-repeat-offenders-1.2454179 After reading the article and the company’s website, I can see how this would solve some issues around dog poo issues on properties. I can’t imagine a city wide program but per property program would work especially if you are having issues with dog poo not being cleaned up.

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The Cold is Coming! Prepare your Property

The Cold is Coming! Prepare your Property With winter fast approaching there are many things to prepare in your home or rental property. Alberta winters can wreak havoc on our pipes, windows and many other areas of a home. Right now is the perfect time to start your preparations. Anything from a professional check up on your heating system to new windows can save you a ton of money and stress during the cold nights to come. You spend a […]

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Repairs vs. Improvements

  While trolling the internet for interesting topics to include in my monthly newsletter, I came across an article on repairs vs. improvements. Depending on what style of investor you are, you may be more prone to one than the other. A repair  is necessary for something to continue functioning. If your property is professionally managed then this is something your Property Manager would inform you needs to be done.  In some cases if a needed repair is not completed […]

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New Branch Manager in Edmonton Office

  I would like to announce that Ron Gauvreau has accepted the position of Branch Manager for our Edmonton office. Ron has been with York West Asset Management Group Inc. for 10 year and is well respected by his clients and his colleagues. Previously to working with York West, Ron worked at Telus in Engineering and Management for 27 years. Ron started the role on August 12, 2013. Welcome to Ron as the New Branch Manager in Edmonton Office.

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Magnum acquires York West

  As of August 1, 2013, I am pleased to announce that Magnum and Peter Best has acquired the operation of York West Asset Management Group Inc.. This amalgamation of our two companies will bring added depth and additional services to the company which will translate to greater benefits to our clients. The new entity will be named “Magnum York Property Management Ltd”. Peter Best, Magnum’s current President and Broker will continue his role. As we merge our operations over […]