so if it's a one year old tree, it may bloom next year?

It depends on the cultivar, how big your plant is and how well it does this year. When I was doing plant shopping recently, I remember seeing many small, 2 feet tall, star magnolias with plenty of blooms on each. So, yes, there is a good chance that you will see bloom, maybe not as heavily as a mature specimen, but at least some.

Your specimen doesn’t look too tiny, so likely it will have a small number of flowers next year. The bean looking thing is a leaf bud. A flower bud is a lot bigger.

do you know if i can plant magnolia trees in a container instead of the ground?

Magnolias aren’t really suitable for container-planting, as they are fast growing trees that will outgrow containers easily. You might be able to keep one in a pot when it is small, but eventually it will need to be planted in the ground.

my yard doesn't have much space for plants so i can only plant it in a container. Would it die if i leave it in a huge container one that can fit a big tree? Magnolia 'Ann" is suppose to be a small tree though 10 x 10

Certainly feel free to try. If you put Ann in a container so large that it is practically indifferent from planting the tree in the ground, then it might just be fine. Good luck!

No one can answer your question about the possibility of growing it in a container because we don't know where you are! Plants are not as cold hardy in pots as in the ground (including deciduous ones, that can still freeze to death). Pot vs. ground is a BIG difference.

actually i decided to plant it in the ground because it'll grow bigger and i'm in canada and fortunately it started flowering right after i posted this, thanks