Depreciation Reports: A Tool of Critical Importance Depreciation Reports, or Reserve Fund Studies, are essential for any organization that owns real estate, offering a roadmap for future repairs and maintenance. In the context of British Columbia’s Lower Mainland, with its diverse property types and unique environmental conditions, these reports become
The primary standard for Depreciation Reports, also known as Reserve Fund Studies or Replacement Reserve Studies, is their local legislation. Members of Appraisal Institute of Canada (AIC) use their organizational standards or the locally legislated ones, whichever are higher. OurCastle is a member of Real Estate Insitute of Canada and
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