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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 2 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
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
6 Trends you Need to Know About the Alberta Condominium Industry-4832
30 Aug

6 Trends you Need to Know About the Alberta Condominium Industry

With an economy in a relative state of flux, Alberta is a different place than it was 10-15 years ago. Now, despite what you may hear, it’s not all bad. There are plenty of interesting things still happening and plenty more interesting things happening in the Alberta Condominium Industry. As such, we thought it would be important to cover what’s happening in the real estate market and how it relates to condo prices and their place in said market. Keeping […]

By Alberta, Calgary, Condo, Condominium, Edmonton, Magnum York 0 Comments Read more
We are in Calgary, Edmonton, Red Deer and Olds-4407
12 Feb

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 […]

By Alberta, Calgary, Condo, Condominium, Edmonton, Fort McMurray, Largest in Alberta, Magnum York, Olds, Red Deer, Updates 0 Comments Read more
The Most Efficient Condo Boards of All Time Do This-3823
30 Jul

The Most Efficient Condo Boards of All Time Do This

A condominium is a community and, like all communities, some are run more smoothly and efficiently than others, and each is unique within itself. A condo is also a corporation and, like other corporations, is governed by a Board of Directors according to the corporation’s by-laws. In the case of condominiums here in Canada, governance is also required to conform to applicable provincial legislation. Proper property management can be an important factor in the ongoing health of a condo community, […]

By Calgary, Condo, Condo Board, Edmonton, Magnum York, News, Properties, Rental 0 Comments Read more