We are in Calgary, Edmonton, Red Deer and Olds-4407

We are in Calgary, Edmonton, Red Deer and Olds

Magnum York is committed to our clients all across Alberta. We love working here, and even occasionally making it out to the mountains. I wanted to take the time to write a quick update on each of our locations as well as some other pieces of information. We hope you can utilize our website to give your condo board the boost it needs. As always you can request a quote from as at anytime. As a tenant we have some […]

Changes in Alberta Condo Act protects consumers-4363

Changes in Alberta Condo Act protects consumers

The new condo act has been passed in the Alberta legislature and it’s positive for consumers across the province. The bill died in previous government discussion but was re-introduced back in 2014. What differences will it make moving forward? Kim Taylor from CTV News tells us more in an informative consumer watch segment. “the condominium property amendment act has 50 changes in it which government hopes will give consumers protection and improve how condos are run”. The Alberta government is addressing […]

Fiscal Planning Best Practices for Condo Boards-4077

Fiscal Planning Best Practices for Condo Boards

Condominium Fiscal Planning Like any successful corporation, condo boards in the Alberta area need to perform extensive fiscal planning; it’s always better to plan than to react. If you employ best practices, this process will go easier and smoothly. So where to begin when planning best practices for condo boards? You should start by analyzing the previous year’s budget and what your current monthly statements reflect, do you have surplus or a deficit for this current month? The next step is […]

Top Condo Security Tips for Properties in Alberta-3953

Top Condo Security Tips for Properties in Alberta

A multifamily community can provide residents a sense of safety and security that they might not have in a single family dwelling. Condo and rental property neighbors live in close quarters. They can look out for one another and offer mutual support during a crisis. Hence this post on top condo security tips for your property. With any large community, there are bound to be ongoing safety and security issues. Fortunately, you can minimize the problems by evaluating the exposures ahead of time and implementing […]

Be on the Same Page: Communicate Perfect Condo Goals-3945

Be on the Same Page: Communicate Perfect Condo Goals

As with any corporate meeting, your condo board meeting should be where members accomplish meaningful tasks through effective decision making. So how do you Communicate Perfect Condo Goals? Your board meeting will best serve that function when everyone keeps these purposes in mind: Know your responsibilities as a board member; what is the board responsible for overseeing/implementing/enforcing/resolving? Understanding primary concerns and issues Avoid conflicts of interest and understand the liability involved Be familiar with the corporations bylaws; Specifically sections on Board & Owner responsibilities, as well […]

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 […]

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 […]