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 […]

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 […]