Rylin Consulting provides services that include the preparation of reserve fund studies and depreciation reports for condominium and strata corporations, or other organizations requiring such reports in Alberta and British Columbia. We work primarily in Southern Alberta and in Vancouver Island. Areas serviced include, but are not limited to, the following: Alberta - Calgary and surrounding municipalities such as Canmore, Chestermere, Cochrane, and Okotoks; British Columbia - Comox, Courtenay, Campbell River, Parksville, Nanaimo, and the Victoria region.


Condominium fees (known as strata fees in British Columbia) are required from condo owners not only to pay for annual operating expenses for the condominium but also for making contributions to a reserve fund. This fund is used to pay for major repairs and replacements of common building components and site improvements.


To determine what appropriate contributions should be, Rylin Consulting will...

  • Work with you to understand your specific situation and determine your needs in a way that respects your time, and
  • Prepare a practical and cost effective reserve fund study (known as a depreciation report in British Columbia) that will include clear recommendations. All studies or reports will be prepared by a Certified Reserve Planner.

The resulting report is primarily a financial document that will help the board of directors or the strata council plan for current and future levels of contributions to ensure that funds are available when capital expenditures are needed to repair or replace major components at the end of their life cycle.


Why do Them?

Current provincial legislation requires these studies to be done

  • every five years in Alberta,

  • or every three years In British Columbia unless waived by owners by an affirmative vote of 75% every 18 months.


However, there are many other beneficial reasons such as...





Our Process

Review of documentation & plans

Condo RoofPrior to meeting with you we will send you a request for any available information that could help us to better understand your needs and requirements. The following information, if available, will be requested prior to the site visit:

  • Architectural, Mechanical, and electrical drawings
  • Site plan
  • Bylaws
  • Financial statements for the last 3 to 5 years including a breakdown of reserve fund expenditures
  • Current year budget including the proposed contribution to the reserve fund
  • Minutes of board or council meetings, Annual General Meetings, and Special General Meeting
  • Description and cost of recently completed major repair or replacement work
  • A capital plan that includes any known intentions for future major repairs or replacement
  • Old reserve fund studies or depreciation reports, engineering studies, and other technical reports.

Site visit 


After a thorough review of your information, we will schedule a site visit, which will include a visual review of common property, including maintenance records. Condo BalconiesFor purposes of the report, the property will be organized into reserve components, and photographs taken of each component to aid in the assessment of its condition and life cycle. We will also meet with your representatives to discuss the history as well as the present operation of the property.






Our report will include, but is not limited to, the following:

  • The purpose of the report as well as references to the pertinent provincial regulations and our qualifications to prepare the report.
  • The methodology used in the report
  • Identification of the reserve components, a physical analysis of each including a description and observed condition of the component, current cost estimates to replace or repair each component, life expectancy, estimated remaining life span, and photographs highlighting the components along with any noted deficiencies.
  • A benchmark analysis that will summarize, on a single spreadsheet, all the reserve components, as well as future replacement cost estimates and reserve fund requirements incorporating both inflation and interest income. This benchmark is used to aid in the projected cash flow and deficiency analysis of all funding models.Condo
  • Analysis of financial statements and reserve fund operations utilizing historical data as far back as possible,
  • In Alberta...The recommended model showing 25-year projections including cash positions, cash flows and cash expenditures using expected future cost estimates. Up to two additional models may also be presented.
  • In British Columbia... Along with our recommendations, at least three different models showing 30-year projections including cash positions, cash flows and cash expenditures using expected future cost estimates.
  • All models presented for Alberta and British Columbia will contain projections that ensure adequacy of the reserve fund (ie. At no time will the projected closing balance of the reserve fund have a negative balance).

From this report, the board of directors or strata council along with the property manager will be able to see the approximate timing of major repairs and replacements, an estimate of the associated costs, and the required annual contributions to the contingency reserve fund in future years so money is available when required. This report should not be confused with such studies or reports as a engineering report, construction deficiency report, inspection, or similar, which deal primarily with technical issues.

About Rylin


Deborah Harrison, president of Rylin Consulting, is a Certified Reserve Planner (CRP) who has completed the required training through the Real Estate Institute of Canada (REIC) and is qualified to prepare reserve fund studeis/depreciation reports anywhere in Canada. She will personally conduct all site visits, prepare the report, and will meet with board or council members as required.

Deborah worked in the oil and gas industry for 30 years and held technical positions in various departments with companies as an employee or a consultant, before leaving to work as a CRP. Presently, she is both a homeowner and condominium owner in Alberta and British Columbia, and actively participates as a member on a Strata Council in British Columbia. She is familiar with the legislative requirements in both provinces and as a condominium owner is able to understand how these reports are viewed from the perspective of the CRP as well as an Owner and board/council member.


Frequently Asked Questions


What is a reserve fund study/depreciation report?



Why is it needed?

When does it have to be done?

Why do we have to have one prepared so frequently?

Do we have to implement the recommended funding model?

Who can prepare a reserve fund study?