Population Growth in Alberta Alberta leads Canada in the largest population growth in 2013. This seems to be affecting Calgary’s rental vacancies, making them less then 1%. Find out more below on Population Growth in Alberta: http://www.cbc.ca/news/canada/calgary/alberta-leads-country-in-population-growth-1.2582062
This year the staff from the Edmonton office wanted to dress up and they definitely did. I even heard if you didn’t dress up, the social committee would dress you. .
While trolling the internet for interesting topics to include in my monthly newsletter, I came across an article on repairs vs. improvements. Depending on what style of investor you are, you may be more prone to one than the other. A repair is necessary for something to continue functioning. If your property is professionally managed then this is something your Property Manager would inform you needs to be done. In some cases, if a needed repair is not completed […]
Back in November 2011, we switched account software from Yardi Genesis to Rent Manager. Rent Manager had many features we were very excited about but too many to implement immediately. The features around the website especially the web portal was especially exciting. We implemented the web portal within months of moving to Rent Manager, it was a common request from our owners and I think it is the feature we get the most comments on. If you are one […]
The Alberta government is looking for feedback on some proposed changes to the condo act. The deadline for any feedback is April 2, 2013. Let’s Talk Condos
I have been seeing in the news that Alberta is doing better and the economy is growing. During a conference hosted by the CMHC (http://www.cmhc-schl.gc.ca/) in December, they discuss how they predict that Alberta will grow in 2012 and the coming years. At the time of conference I was seeing some improvement but not anything too exciting until recently. Magnum at the end of March had no vacancies in Calgary, Red Deer and Fort McMurray. In Edmonton we have […]
This year I attended the CMHC Fall Rental Reports presentation of the housing and rental market in Calgary and Alberta. The presentations were very good with a lot of good information. The overall feeling from the presentations is Alberta is doing good and is going to continue to do good. The analysis were showing a small growth with lower vacancies through the province. I recommend any one involved with real estate to sign up for the bi-annual rental reports, it […]
I am very excited to announce that Magnum has entered into an agreement with All In One Property Management to take over management of majority of their portfolio of residential and commercial rental properties. The agreement becomes effective August 20th, 2011. About All In One Property Management. All In One is located in Blackfalds and has been serving Red Deer, Blackfalds and Lacombe for over 20 years.
Lately we have been a lot of calls from investors who would like us to manage their houses with secondary suites. We have no problems managing properties with basement suites as long as the suites following Alberta Building code. We don’t manage any secondary suites (any suite for the record) that doesn’t meet the code. The City of Calgary has put together two great brochures about what is required. City Of Calgary Getting started with secondary suites
I came across this article from Don Campbell, the President of the Real Estate Investment Network™, and Cutting Edge Research Inc. in Business Edge paper May 6 edition. It explains the future of the Alberta Real Estate market and the theory applies to every market in the world. You can find the article on the archive section (http://www.businessedge.ca/archives/archive-pdfs.cfm) of Business Edge, May 6, 2011 and on Page 23 of the PDF. Also a similar post from Don Campbell can be found […]