Reserve Standards
Reserve Standards
The following represent the current specific standards for completing Depreciation Reports / Reserve Studies in British Columbia.
AACI - Accredited Appraiser of Canada
Appraisal Institute Of Canada
Reserve Planning Standards of Canadian Uniform Standards of Professional Appraisal Practice.
P.Eng. - Professional Engineer
Association of Professional Engineers and Geoscientists of B. C
None
Registered Architects
Architectural Institute of BC
None
Applied Science Technologists: Applied science technologists or certified technicians
Applied Science Technologists and Technicians of BC
None
A Quantity Surveyor: Professional Quantity Surveyor
Canadian Institute of Quantity Surveyors)
None
International Reserve Standards
The following represent the current specific standards for completing Depreciation Reports / Reserve Studies in North America.
RS - Reserve Specialist
National Reserve Study Standards (NRSS)
Community Associations Institute (CAI)
PRA - Professional Reserve Analist
APRA Standards
Association of Professional Reserve Analysists (APRA)
C.A.R.S.S. Commonly Accepted Reserve Study Standards
In 2014, we created CARSS. This is the amalgamation of the AIC standards, the US National Reserve Study Standards and the PRA Standards. In 2024, when the CRP Standards were published, CARSS was updated to include these standards. This is why all our reports are standards-based.