Tag Archives: Certified Reserve Planner

Reserve Fund Study – The Importance of Scope

    Alberta Condo Law states that condominium corporations are required to establish and maintain a reserve fund that can be used to cover the costs of major repairs or replacements to common property. Since condominium dwellings make up close to 1/5th..

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    Depreciation Reports – Why Renew Them?

      There are many compelling reasons as to why a strata should renew its depreciation report every three years.  In addition to being the renewal time frame legislated by the province, it makes good sense for owners, buyers and sellers. Three years..

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      Broken Elevators Causes ‘Crisis’ All Over Canada

         (Photo: Shutterstock) We came across an interesting article that highlights the concerns of Canadians over aging equipment and structural issues with faulty elevators. The maintenance and repair of elevators are becoming a major issue, especially in Canada’s largest cities. The..

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        Strata Living – Trip and Fall Hazards

          By Alfred H Y Lam, BASc in Civil Engineering, IIT, CRP Normac Senior Depreciation Report Planner Most Stratas, whether through the collective help of owners or through the service of a professional, are diligent with snow removal come wintertime. Perhaps..

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          Depreciation Reports – Exterior Cladding

            In the fifth  blog post of our depreciation report building component series, Normac takes a look at exterior cladding and provides practical and helpful maintenance tips to expand this component’s lifespan.  Exterior Cladding The exterior cladding is one of the most..

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            Depreciation Reports – Deck Maintenance

              In the fourth blog post of our depreciation report building component series, Normac investigates deck and above-grade outdoor space and provides maintenance tips for stakeholders looking to extend the expected lifespans of these assets.  Deck Maintenance By Aaron Wittstock, BBA, PGCV,..

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              Depreciation Reports – Roof Maintenance

                In the second blog post of our depreciation report building component series, Normac examines the roof and provides roof maintenance tips for stratas looking to extend the expected lifespan of this critical asset. Roof Maintenance By Alfred H Y Lam,..

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