Depreciation Reports
By Kris Grasty Important ways they may affect your property value or mortgage approval. Though Ontario passed this legislation over 10 years ago, the deadline for Depreciation Report compliance for B.C. was December 13th, 2013. These reports determine if reserve funds are established and allocated properly, reducing the risk to lenders by making strata homeowners less likely to face large special assessments. Depreciation Reports are not meant to force people to...[ read more ]