Reserve Fund Planning
Reserve fund planning is one of the most important responsibilities for any strata, condo association, or HOA. Buildings age. Roofs wear out. Mechanical systems fail. Pavements crack. Without structured reserve fund planning, those predictable events become financial shocks. This guide explains what is a reserve fund, how reserve fund planning works, and how boards can […]
What Is The Critical Year In A Reserve Fund Study?
The critical year, when interpreted correctly, provides a clear signal of long-term financial risk and funding adequacy. When misunderstood, it can lead to false confidence or unnecessary alarm. This article explains what the critical year is, how it is calculated, and how boards and owners should actually use it. What Is a Reserve Fund Study? […]
What Is A Depreciation Report?
If you’ve ever wondered what is a depreciation report/reserve fund study, you’re not alone. Many strata councils and property owners know they’re required to have one or should have one but aren’t quite sure what it actually is, or what makes one “good.” A Depreciation Report, also called a Reserve Fund Study, is a long-term […]
What to Look For in a Depreciation Report / Reserve Fund Study
Got a sample Depreciation Report / Reserve Fund Study (DR/RFS)? Or you’ve just received one for your property and want to know if it’s any good? This guide shows you what matters in practice. This is not a summary of legislation. It’s a user checklist to help owners and property managers judge quality and usefulness. […]
The Ultimate Guide to Choosing a Depreciation Report Provider
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 even more critical. Understanding Depreciation […]
Differences between a Depreciation Report and a BCA
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 uses the AIC standards in […]