Located at 6145 Genoa Bay Road, Duncan, BC, V9l 5T7 - PH: 250-858-6056.The deadline for depreciation reports in sight.
Thousands of people who own strata properties are bracing themselves for depreciation reports. By law the province requires a report by December 13th, 2013 and for some it could spell bad news in the form of increased fees and special assessments.
Rick Howard was interviewed by CTV News and you can view the video and read the entire report here.
Bill 8, the Strata Property Amendment Act, 2009 passed in the legislature on October 6, 2009 and came into effect on January 1, 2010. However, based on government minister’s comments some of the provisions of the Act required further development and as a result, it was expected that various parts of the Act would come into effect at different times. On December 13, 2011 these regulations were completed and by Order in Council became law on that date.
Check out the Provincial Legislation page for all of the regulations required under the Strata Property Amendment Act.
I started appraising real estate in 1989 with Anderson Preece & Associates
Inc. in Red Deer Alberta. In 18 years I went from a residential appraiser in a
firm of four to a partner and manager of 19 appraisers, in five offices. In
2007, I (along with three colleagues) purchased the Red Deer operations of the
corporation and created Howard & Company Real Estate Appraisers & Consultants
Inc. In September of 2011, I decided to sell my shares in the corporation
allowing me to focus more on my love of the work Rather than the managerial
aspects of the business. This decision has also provided me with the opportunity
to relocate to Maple Bay and enjoy the climate most Canadians can only dream of.
With approximately 23 years experience in the real estate profession, I can
provide to my clients personal, professional services in the following areas:
• Real Estate Appraisals
• Reserve Fund Studies
• Insurance Appraisals
• Personal Property
Real Estate Valuation Firm
IDB Solutions is a professional real estate valuation firm located in Maple Bay (Duncan) British Columbia. This sole proprietorship is owned and operated by Rick Howard who has over 23 years experience in real estate appraisal, insurance appraisals, reserve fund studies and the valuation of personal property. Rick holds an AACI, P.App. through the Appraisal Institute of Canada (AIC), which is the highest real estate appraisal designation in the country. He is also a Certified Reserve Fund Planner (CRP) through the Real Estate Institute of Canada (REIC), and is a Certified Personal Property Appraiser (CPPA) through the Canadian Personal Property Appraisers Group.
Reserve Fund Studies
Our Reserve Fund Studies are based on a format that has been adopted as the standard for the Real Estate Institute of Canada’s professional designation of Certified Reserve Fund Planner and is widely recognized as the most advanced reserve fund planning system in Canada. The reporting format provides condominium associations with an effective and realistic plan for managing their reserve funding.
Insurance Appraisal Services
IDB Solutions is recognized by insurance providers for its comprehensive Insurance Appraisals, providing Reconstruction Cost Estimates utilizing current, state of the art software designed for the Canadian insurance underwriting industry.
Real Estate Appraisals
When preparing Real Estate Appraisal assignments whether to assist in the sale and purchase of a property, mortgage lending purposes, matrimonial property disputes, foreclosure proceedings, assessment appeals, asset valuation for corporate restructuring, or development feasibility, IDB Solutions provides valuations based on the proper methodology, extensive research and an understanding of the clients requirements. The reports meet, or exceed the Canadian Uniform Standards of Professional Practise (the “Standards”), as well as the Canadian Deposit Insurance Corporations Standard of Sound Business and Financial Practice and the appraisal standards under the Insurance Companies Act.
Personal Property Appraisals
Licensed and insured through the Canadian Personal Property Appraisers Group, IDB Solutions prepares Personal Property Appraisals on equipment and machinery to assist in the sale, or purchase, estates, matrimonial property disputes, financing, bankruptcy, accidental or casualty loss as well as for insurance purposes.