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BFL Canada and Magnum York Insurance Seminar
29 Mar

Why are Alberta Condominium Corporation Insurance Premiums Increasing?

In early March, we invited our condo boards in Calgary to come out and hear the latest on insurance renewals. The insurance industry worldwide has been reacting to a perfect storm of too much risk and too many claims; it’s made them unprofitable in their property insurance business. Thanks to our friends at BFL Canada for their research and partnership. For every $1 collected in premiums, insurance companies paid $1.67 in claims. Based on our partner BFL Canada’s data from […]

By Alberta, Board Members, Calgary, Condo, Condo Board, Condominium, Edmonton, Fort McMurray, Insurance, Magnum York, Management, Medicine Hat, Olds, Properties, Red Deer 0 Comments Read more
Magnum York Alberta Judge Bans AirBnB VRBO Condominiums
09 Mar

Alberta Courts Rule Against AirBnB & VRBO Short-Term Rentals in Condominiums

On February 27, 2020, the Alberta courts made a decision that prevents condominium owners from using their units as short-term rentals for websites like AirBnB & VRBO. Owners who use those services to get short-term “renters” are considered the same as running a hotel. Condominium’s that have bylaws that prohibit a unit’s use for commercial use are able to ensure owners cannot have short-term renters in their property in exchange for consideration. Interested in reading the judgement? Click here. This […]

By Alberta, Apartment, Board Members, Calgary, Condo, Condo Act, Condo Board, Condominium, Edmonton, Fort McMurray, Magnum York, Management, Medicine Hat, News, Olds, Red Deer, Rental, Updates 1 Comment Read more
Auburn Rise Phase 3 Building Construction Logel Homes Magnum York Property Management
03 Mar

How does a Condominium Builder Transition Their Properties to the Condo Owners & Board?

Property Managers are vital partners for condo building developers. A property manager’s key role is to ensure a smooth transition of ownership to condo owners from the developers as they take possession of their individual units and form their first condo board. This morphs into working together with the board on an ongoing basis to continue to maintain its brand new building and ensure proper corporate governance. Auburn Rise Phase #3 Opening in Calgary Congrats to our partner Logel Homes […]

By Alberta, Board Members, Calgary, Condo, Condo Board, Condominium, Edmonton, Fort McMurray, Magnum York, Management, Medicine Hat, Olds, Properties, Red Deer 0 Comments Read more
BFL Canada & Magnum York present condo and landlord insurance seminar in calgary
11 Feb

BFL Canada Insurance Seminar for Condo Corporations & Landlords in Calgary, March 3

Along with our partner, BFL Canada, we’re excited to present a seminar on the current market conditions affecting insurance premiums, deductibles, and coverages. “Current Insurance Market Conditions and how this is affecting Corporation and Landlords.” This is an exclusive presentation for Board Members and Landlords of Buildings professionally managed by Magnum York Property Management Ltd. When: Tuesday, March 3, 2020 For: Magnum York clients — Condo Board Directors, Investment Owners & Landlords. Time: 6:30 pm – 8:30 pm Where: Best […]

By Board Members, Calgary, Condo, Condo Board, Condominium, Events, Insurance, Magnum York 1 Comment Read more
Condominium Protect Act Bill 9 CPA Jan 1 2020 changes impact all Alberta Condo owner and board directors Magnum York
20 Jan

How do Jan 1, 2020 Condo Act Changes in Alberta impact owners and condo boards?

Alberta Condo Property Act Changes from 2019 to 2020 are outlined in this post. First, we will provide an overview. Alberta Condo Act changes include: Insurance deductible assessment changes. Insurance premium increases and what condominium corporations and owners can do in response An exemption for changing corporation bylaws so they do not conflict with updated condominium legislation, effective January 1, 2020. A requirement for notice before rules come into effect; enforcement of rules and bylaws; and notices regarding non-compliance and […]

By Alberta, Bill 9, Board Members, Calgary, Condo, Condo Board, Condominium, Edmonton, Fort McMurray, Magnum York, Management, Medicine Hat, News, Olds, Property Managers, Red Deer, Residential 1 Comment Read more
Magnum York Advantage 7 steps accounting condo board meeting
24 Oct

Condo Management: The Magnum York Advantage In 7 Steps

If your condominium board could use some help, consider the Magnum York MYAdvantage. For the past 25 years, we’ve been providing condo management services across Alberta for properties large & small. We’ve got the expertise to care for everything related to your property. Learn about the MYAdvantage we can provide you in 7 steps!   1. Have you found your accounting expert? We’ve got the expertise to help you stay on top of your condominium property finances. From paying expenses […]

By Alberta, Board Members, Condo Board, Magnum York, Management 1 Comment Read more
We Had one of the Most Difficult Condo Board Members-4881
30 Jan

We Had one of the Most Difficult Condo Board Members

Condominium boards play a very important role in maintaining the standards and operations in communities. For an efficient management of the communities they belong to, the board members need to operate as a unitary group. But when individuals with diverse backgrounds, experiences, personalities, perspectives, beliefs and sets of skills work together, disagreements inevitably arise. Depending on how differences are managed, they can morph either into constructive debates or disruptive conflicts. Since disruptive divergences can damage relationships, and lead to division […]

By Board Members, Condo Board, Condominium, Property Managers 0 Comments Read more
What No One Tells You About Condo Insurance-4843
09 Nov

What No One Tells You About Condo Insurance

Insurance is one of those things that most people take for granted. As long as we know it’s there then it is bound to save whatever it is that we are paying for. This, in part, is true, but it’s not the whole story. Having comprehensive insurance is an extremely important aspect of owning a condo, renting a condo, or owning multiple condos or even a building. Knowing what that insurance includes, and perhaps more importantly, what it doesn’t will […]

By Board Members, Condo, Condo Board, Condominium, Management, Properties 0 Comments Read more
5 Useful Questions to Create a Powerful Board Budget-4828
07 Sep

5 Useful Questions to Create a Powerful Board Budget

Prioritizing a Condo Board Budget When sitting down to compose a board budget with your fellow members, it’s important to have an idea of what needs to be accomplished on a more granular level. Obviously, everyone wants a healthy budget and to not waste money but how does this actually get accomplished? There are so many questions that need to be asked and answered, but how do we prioritize them and ensure we’re taking care of the biggest issues first? […]

By Board Members, Condo, Condo Board, Condominium, Efficient, Improvements, Magnum York, Maintenance, Management, Repairs, Vendors 0 Comments Read more
If You Read One Article About Condo Bylaws Read this One-4830
18 Aug

If You Read One Article About Condo Bylaws Read this One

Ever wondered how Magnum York helps your Condominium Board deal with Condo Bylaws? Magnum York helps the board Assist the Board in its By-law review and recommending possible changes Assist in obtaining legal advice for any by-law changes Assist in obtaining owner compliance with by-laws, rules and regulations in accordance with the by-laws. Assist in setting policies in accordance with by-laws In addition to the above, we take a detailed approach to a variety of issues that may come up in […]

By Board Members, Condo, Condo Board, Magnum York, Property Managers 0 Comments Read more