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Covid-Virus with coins representing cash flow management during a crisis
04 May

How do I find out the current delinquent status of unpaid rent or condo fees for my property? [VIDEO]

Even at the best of times, cash flow management is key to the success of any business and investment. During crises like COVID-19, it’s even more important to establish good cash flow practices. From Magnum York’s analysis, in the first two tough months of the pandemic crisis, we’ve experienced a less-than-expected slight increase in defaults for tenant rent and condo fee collections. Investors and condo boards that have put aside our recommended three-months operating cash savings should be able to […]

By Alberta, Calgary, Cash Flow, Cash Flow, Commercial, Condo, COVID-19, Edmonton, Fort McMurray, Magnum York, Management, Medicine Hat, News, Olds, Properties, Red Deer, Rental 0 Comments Read more
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 Property Management Coronavirus Pandemic Response Covid-19
29 Mar

Magnum York’s Property Management Coronavirus Pandemic Response

PLEASE REFER BACK TO THIS PAGE for updated information on Magnum York’s response to the ongoing Coronavirus Pandemic. Index: Latest Update: March 29, 2020 March 19, 2020 March 13, 2020 Important Health, Industry & Government Links Latest Update: March 29, 2020 To say that there are a lot of moving parts to the coronavirus pandemic is a vast understatement. We’re doing our best here at Magnum York to stay up to date with how the government response impacts both our […]

By Alberta, Calgary, Commercial, Condo, Edmonton, Events, Fort McMurray, Magnum York, Management, Medicine Hat, News, Olds, Properties, Proposal, Rental, Staff, Technology, Updates, Vendors, York West 1 Comment 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
Magnum York Executive Team serving Alberta
07 Feb

Press Release: Magnum York Announces Two New Hires for Executive Team

Calgary, Alberta — February 7, 2020 — Magnum York Property Management Ltd welcomes Grant Kelba, Calgary Branch Manager, and Stephen King, Chief Customer Officer, to their company. Click here to download a press release in .PDF format “I’m excited to announce a few staff changes with Magnum York as we build a world-class team,” says Peter Best, CEO/Broker. “At the end of the day, we are a people-business; hiring exceptional staff helps us continue to provide outstanding service to a […]

By Alberta, Calgary, Magnum York, Management, News, Staff 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