“Qualified Person” as per Section 94(1) of the Strata Property Act

Our team of depreciation report consultants meet the “qualified person” meaning as set out in the regulations, and follow reserve fund study best practices.

Senior Partners / Team Leaders - Curriculum Vitae

Michael LaPorte, CRP, PRA, AACI, P. App.

• CRP - Certified Reserve Planner – Real Estate Institute of Canada (REIC)
• PRA - Professional Reserve Analyst, Association of Professional Reserve Analysts (APRA)
• AACI – Accredited Appraiser of the Canadian Institute (AIC)
• P.App. – Professional Appraiser(AIC)
• RI – Real Estate Institute of British Columbia(RIBC)

Michael’s experience in the field of Real Estate Consulting since 1989 includes residential strata development, construction, and strata renovation in BC, preparation of reserve fund studies and depreciation reports throughout BC, construction costing and valuation specific to strata developments in BC, as well as experience at the Board level on strata budgeting on various strata councils. Michael completes and reviews Depreciation Reports and Reserve Fund Studies throughout BC using the REIC Functional Reserve Fund Format, and additionally follows the standards of the world’s trade organization for reserve study professionals, the Association of Professional Reserve Analysts (APRA). Michael has provided Depreciation Reports and Replacement Cost Appraisals for many of the most prominent residential/mixed use towers in the province, as well as low rise and townhome strata residential developments and commercial/industrial developments throughout BC. Michael has served on the Board of Directors for the Vancouver Chapter, Real Estate Institute of Canada (REIC) beginning in 2013, and is the Chapter Past President from 2015/2016, and REIC-BC incoming President for 2022/23.

Terry Dowle, AACI, P.App., RI, CRP

• CRP - Certified Reserve Planner – Real Estate Institute of Canada (REIC)
• AACI – Accredited Appraiser of the Canadian Institute (AIC)
• P.App. – Professional Appraiser(AIC)
• RI – Real Estate Institute of British Columbia(RIBC)

Terry has been involved in the Real Estate Consulting industry in the Metro Vancouver and Fraser Valley regions since 1989. His experience includes residential strata development, construction, and strata renovation in BC, preparation of reserve fund studies and depreciation reports throughout BC, as well as experience at the Board level. Terry completes and reviews Depreciation Reports and Reserve Fund Studies throughout BC using the REIC Functional Reserve Fund Format, and is corporately a member of the Association of Professional Reserve Analysts (APRA). Terry has provided Depreciation Reports and Replacement Cost Appraisals for many of the most prominent residential/mixed use towers in the province, as well as low rise and townhome strata residential developments and commercial/industrial developments throughout BC. Terry has served on the Executive for the Appraisal Institute of Canada (AIC) Vancouver Chapter, was the 2020 President for the BC Provincial Association of the AIC, and is a 2021/2022 Member of the AIC National Board of Directors.

Senior Partners / Team Leaders - Curriculum Vitae

Douglas A. Niemi, CRP, CRA (Retired)

• CRP - Certified Reserve Planner – Real Estate Institute of Canada (REIC)
• CRA – Canadian Residential Appraiser (AIC)

Doug has been involved in the Real Estate Consulting industry in the Metro Vancouver and Fraser Valley regions since 1989. His experience includes residential strata development, construction, and strata renovation in BC, as well as experience at the Board level on various strata councils. Doug completes and reviews Depreciation Reports and Reserve Fund Studies throughout BC using the REIC Functional Reserve Fund Format, and he provides Replacement Cost Appraisals for strata corporations throughout Metro Vancouver and the Fraser Valley. His reserve fund planning and replacement cost appraisal experience includes reports conducted on many of the most prominent residential/mixed use towers in the province, as well as low rise and townhome strata residential developments and commercial/industrial developments throughout BC.

Additional Qualified Individuals

Rex Cheng, AACI, P. App, RI

• AACI – Accredited Appraiser of the Canadian Institute (AIC)
• P.App. – Professional Appraiser (AIC)
• RI – Real Estate Institute of British Columbia (RIBC)

Rex has been prominent in the Real Estate Appraisal & Consulting industry in the Metro Vancouver and Fraser Valley regions, and completes and reviews Depreciation Reports/Reserve Fund Studies using the REIC Functional Reserve Fund Format. Additionally, he provides Replacement Cost Appraisals for many prominent strata corporations throughout Metro Vancouver and the Fraser Valley. His reserve fund planning and replacement cost appraisal experience includes reports conducted on many prominent residential towers in downtown Vancouver, as well as low rise and townhome strata residential developments and commercial/industrial developments.

Greg Ho, AACI, P. App.

• AACI – Accredited Appraiser of the Canadian Institute (AIC)
• P.App. – Professional Appraiser (AIC)

Greg has been prominent in the Real Estate Appraisal & Consulting industry in the Vancouver region since 2006. In addition to his appraisal duties for our Metro Vancouver offices, Greg completes Depreciation Reports/Reserve Fund Studies throughout BC using the REIC Functional Reserve Fund Format. His reserve fund planning experience includes collaboration on reports conducted on some of the most prominent residential towers in downtown Vancouver, as well as low rise and townhome strata residential developments and commercial/industrial developments.

Jon Fenn, BCom

** The CRP Certified Reserve Planner designation is granted by the Real Estate Institute of Canada (REIC) upon successful completion of the REIC educational and experience requirements. CRP designated members conduct Depreciation Reports as Functional Reserve Fund Studies and adhere to the requirements of the REIC bylaws and Codes of Professional Standards. Additionally, for Appraisal Institute of Canada (AIC) members, Reserve Fund Studies are completed to the requirements of the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) under the AIC Consulting Standard requirements. All Reserve Fund Studies completed by AIC members must be signed or co-signed by an AACI, P. App. designated member, regardless of the CRP designation. Additionally, any AIC members who undertake Depreciation Reports/Reserve Fund Studies must adhere to the competency provision of CUSPAP, and should be professionally trained and educated within this consulting specialty. The CRP designation is the preeminent designation within Canada pertaining to the specific training and education related to Depreciation Reports/Reserve Fund Studies.