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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
condo developers condominium construction alberta rebar magnum york condos management
15 Jan

6 Questions Answered For Condo Developers in Alberta

For this post, we decided to answer some common questions for condo developers in Alberta. Magnum York Helps with the transition from developers to the owners and make is a smooth process. For more on this transition read this post and also visit our developers page for further information. Enjoy this read and reach out to us if you have any further questions, also if you would like a quote we will send you one within 24 hours.   1. […]

By Alberta, Condo, Condo Board, Magnum York, Owners, Real Estate, Vendors 0 Comments Read more
how to make your condo board great again condominium
24 Jan

Take your Condo Board From Good to Great

    Let’s say you and your condo board are doing pretty well. You meet regularly and communicate decisions effectively. Your finances are on the up-and-up, and your building doesn’t seem to be falling apart. Things are… good. But maybe thoughts of a flooded parking garage keep you up at night. Or the windows and doors are starting to show their age, or maybe the owners are feeling strained by an unexpected special assessment. Maybe things are good now, but […]

By Condo Board, Condominium, Magnum York 0 Comments Read more
Compostable Organics: What your Condo Board Needs to Know-5022
02 Aug

Compostable Organics: What your Condo Board Needs to Know

In the fall of 2016, the City of Calgary announced the implementation of an expanded recycling bylaw which will affect all multi-family residences in the city. This bylaw will require properties to have both recycling programs, as well as green bins for compostable organics collection systems as part of the waste collection infrastructure. With the rollout of this new mandate, there is going to be a significant increase in landfill tipping fees associated with garbage removal, making it even more […]

By Condo Board, Improvements, Magnum York, Maintenance, Management, Property 0 Comments Read more
How to Hire Condo Property Managers in Four Easy Steps-4966
24 May

How to Hire Condo Property Managers in Four Easy Steps

Magnum York Condo Building Management Hiring a property manager is an extremely important decision. Having the right person overlooking the day to day operations of your property and building should be able to ease the stress that comes along with managing a Condominium Corporation. Especially with all the specific rules and laws you need to be aware of on a day to day. This article will help when you are looking to hire condo property managers. It’s easy to send […]

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