Tag Archives: Depreciation Report

The Shortage of Strata & Condo Managers

    The need for qualified strata managers is at its peak in BC and across Canada. There is fast expansion of homes and high rises throughout the Metro Vancouver region, and there are currently more condos in Vancouver than there are..

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    Rising Construction Costs and the Impact of Tariffs

      A noticeable Canadian trend has a lot of residents and potential home owners concerned. For the past few years the growth of condo constructions in various regions across the country, particularly in metropolitan areas like Toronto, Calgary, and Vancouver, has..

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      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 Report: How To Use It

          So, you’ve received your most recent depreciation report. Now what do you do with it? While it’s obvious to use the depreciation report for planning your strata fees and preparing to save for your reserve fund, the report is a..

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          REIC Depreciation Reports Survey

            The Real Estate Institute of Canada – Greater Vancouver Chapter, recently released an independent study by the Crux Group.  The survey’s intent was to find out how many strata corporations in British Columbia have completed Depreciation Reports and to highlight..

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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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