Alberta Legislature Bill 20, The Amendment To Real Estate Act, 2020

Proposed Bill 20 Legislation Changes the Real Estate Council of Alberta (RECA) and Creates 4 Industry Councils [VIDEO]

The first reading of the new Bill 20, The Real Estate Amendment Act (Glubish) June 3, 2020 — Service Alberta Minister Nate Glubish provided details of amendments to the Real Estate Act that will make a better regulator out of RECA (Real Estate Council of Alberta). Check out the video at the end of this article below. “Eight months ago I stood here to announce I would be bringing forward legislation that would being to put an end to the […]

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

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 […]

Magnum York Property Management Coronavirus Pandemic Response Covid-19

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 […]

Magnum York Alberta Judge Bans AirBnB VRBO Condominiums

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 […]

Magnum York Rent Manager Case Study Property Management Software Technology

Rent Manager Customer Story: Magnum York

At Magnum York, we view our technology as a competitive advantage. At its heart, property management is a people business. People working with people. The key to success is using technology to ensure great customer experience, to facilitate communication and collaboration, to provide transparency AND to streamline processes. We’ve invested a lot of time and brainpower into customizing Rent Manager over the last ten years, and it’s at the core of our technology stack, integrated into several other applications. Rent […]

Magnum York Executive Team serving Alberta

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 […]

Condominium Protect Act Bill 9 CPA Jan 1 2020 changes impact all Alberta Condo owner and board directors Magnum York

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 […]

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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. […]

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Magnum York Sponsors Hometown Hockey in Canmore

  Sponsors Hometown Hockey: Magnum York Magnum York has been asked to be the title sponsor for the Canmore Hometown Hockey event and we are excited to be supporting the Bow Valley with such a great event. Hometown Hockey is in Canmore on February 10 and 11. The weekend will feature broadcast hosts Ron MacLean and Tara Slone, meet-and-greet opportunities with NHL alumni Ryan Smyth, Brendan Morrison and Lanny McDonald, live entertainment and engaging activities for the whole family. The […]

Magnum York is Now on the Radio in Calgary!-4465

Magnum York is Now on the Radio in Calgary!

Radio Showcase “Ask the Expert” Series Magnum York Property Management was featured in our last blog post for our spot on Breakfast Television. We are now excited to showcase some audio pieces that have aired on local Calgary radio stations Jack 96.9 FM and 660 AM News Radio. In the first audio segment, Peter Best tells us why condo associations and condominium owners should care about Bill 9. The relatively new property amendment act gives Alberta consumers more protection, let’s listen in and hear […]