Tag Archives: Reserve Fund Study

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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    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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