The Canadian Mortgage & Housing Corporation (CMHC) invited Strata Reserve Planning to present their valuation theory to their staff who needed information on Depreciation Reports (Reserve Studies).
Based on the concept of Reserve Adequacy (the universally accepted benchmarking tool for Depreciation Reports), Jeremy Bramwell AACI, P.App., CRP, has created the method of determining if a low Contingency Reserve Fund (CRF) with Special Assessments should be discounted when sold, and how much the discount should be, if at all. In BC, a discount is usually not applicable.
Strata Reserve Planning has copyrighted this theory in Canada and in the USA, and licensed UBC for educational purposes for residential and commercial appraisers, other reserve fund planning professionals, as well as seminars for condominium owners.
This allows consistent theory with the UBC Real Estate Division (Sauder School of Business, University of British Columbia), which provides all distance education material for Realtors and Property Managers in BC and Appraisers in Canada.
The method was reviewed by CHOA, the largest condominium homeowners association in BC, as well as the Ministry of Housing (Deputy Minister Housing Policy), where comments were absorbed into the theory.
Strata Reserve Planning is proud to have been able to contribute to the body of knowledge in Appraisal Theory and Market Value through the development of the Reserve Adequacy ratio in Depreciation Reports (Reserve Studies). And we can bring this to you.