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 […]

No vacancy no more, live at a Magnum York Property-4825

No vacancy no more, live at a Magnum York Property

There’s a certain comfort that comes with living at or owning a property that is managed properly and professionally. At Magnum York, we do all the little things that offer peace of mind to those living in the buildings we manage. It’s something that’s easy to say; something that’s easy to pay lip service to, but we back up these claims in a variety of ways. Feature Vacancy Properties We thought it would be best to discuss a few of […]

How to Avoid a Landlords Worst Nightmare-4437

How to Avoid a Landlords Worst Nightmare

A landlords worst nightmare is also a property managers worst case scenario. We are not talking about a vacant property that loses revenue (although not ideal either). We are talking about something that not only hurts the pocketbook but the property itself. Sometimes tenants will use a home or apartment for something other than its intended use. Namely a grow op or other illegal activity. Obviously this should be avoided at all costs. It can and will cause serious damage […]

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 […]