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CMHC Fall Rental Reports

  This year I attended the CMHC Fall Rental Reports presentation of the housing and rental market in Calgary and Alberta. The presentations were very good with a lot of good information.  The overall feeling from the presentations is Alberta is doing good and is going to continue to do good.  The analysis were showing a small growth with lower vacancies through the province. I recommend any one involved with real estate to sign up for the bi-annual rental reports, it […]

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Magnum takes over all in one property management

  I am very excited to announce that Magnum has entered into an agreement with All In One Property Management to take over management of majority of their portfolio of residential and commercial rental properties.  The agreement becomes effective August 20th, 2011.   About All In One Property Management. All In One is located in Blackfalds and has been serving Red Deer, Blackfalds and Lacombe for over 20 years.

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Secondary Suites in Calgary

  Lately we have been a lot of calls from investors who would like us to manage their houses with secondary suites.  We have no problems managing properties with basement suites as long as the suites following Alberta Building code.  We don’t manage any secondary suites (any suite for the record) that doesn’t meet the code. The City of Calgary has put together two great brochures about what is required. City Of Calgary Getting started with secondary suites

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Alberta Real Estate: What’s really going to happen?

  I came across this article from Don Campbell, the President of the Real Estate Investment Network™, and Cutting Edge Research Inc. in Business Edge paper May 6 edition.  It explains the future of the Alberta Real Estate market and the theory applies to every market in the world. You can find the article on the archive section (http://www.businessedge.ca/archives/archive-pdfs.cfm) of Business Edge, May 6, 2011 and on Page 23 of the PDF. Also a similar post from Don Campbell can be found […]

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MAGNUM Releases New Rental Management Program for Individual Investors

MAGNUM Releases New Rental Management Program I am excited to announce the new Property Investment Management (PIM) Program.  Though we quietly released the program in October 2010, we have been working out the kinks in our processes.  We thank those early adopters for working with us during that time. Though Magnum has been managing rental pools for over 20 years, we have not accepted individual investors.  In the past 18 months we have been overwhelmed with requests to manage properties […]

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New Rules on Mortgages in Canada

  Today the Minister of Finance announced new rules on mortgages in Canada.  In my opinion, most home owners are not effected, some investors will be. Read here the official release:  http://www.fin.gc.ca/n10/10-011-eng.asp Read here some excellent commentary: http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2010/02/new-mortgage-rules-the-good-the-bad-the-ugly.html