The new proposed amendments to the Condo Act. Overall a good direction for everyone. Check out the Service Alberta website for the details. http://www.servicealberta.ca/2166.cfm
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 firstname.lastname@example.org. We would like to thank everyone for their co-operation, […]
Fixed Rate Mortgages vs. Variables The improving economy suggests a fixed rate mortgage, rather than 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
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
Population Growth in Alberta Alberta leads Canada in the largest population growth in 2013. This seems to be affecting Calgary’s rental vacancies, making them less then 1%. Find out more below on Population Growth in Alberta: http://www.cbc.ca/news/canada/calgary/alberta-leads-country-in-population-growth-1.2582062
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 […]
Though we don’t see a lot of late fees, the few we do see would be great to get back if the class action wins. http://www.cbc.ca/news/canada/calgary/class-action-lawsuit-filed-over-direct-energy-late-fees-1.2566930?cmp=rss
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
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.
New Edmonton Office Space In February the Edmonton office moved and over the last 9 months we have been making the final touches. Last week we got the frosting on the doors and they look amazing.