Strata depreciation reports
A depreciation report projects a strata's costs over the next 30 years and what owners should be putting aside now. It is the clearest signal a buyer or an owner has that a large bill is coming. Ask Relta what to look for before relying on one.
Cities covered
53
Every BC strata with five or more lots must hold a current depreciation report. In Metro Vancouver, the Fraser Valley and the Capital Regional District the deadline is July 1, 2026; elsewhere in the province it is July 1, 2027. Stratas can no longer vote each year to skip it.
A report is not a one-time document. The requirement runs on a five-year cycle, so a building that filed one in 2021 is due again. A report older than five years tells you less than its date suggests.
A depreciation report typically runs between about $5,000 and $30,000 depending on the size and complexity of the building, with a high-rise or mixed-use complex usually in the $7,000 to $15,000 range. That cost is paid by the strata, so it shows up in fees or the reserve, not on your closing statement.
Since July 1, 2025 a report has to be prepared by an engineer, an architect, an applied science technologist, an accredited appraiser, a certified reserve planner, or a quantity surveyor. A report from anyone else does not meet the requirement.
Requirements and dates verified against gov.bc.ca on 2026-07-24. Whether a specific strata is caught by the deadline is set by the Strata Property Act. Nothing here is legal advice.
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It is a study of a strata corporation’s common property and assets that projects what they will cost to repair and replace over the next 30 years, and models how much the contingency reserve fund should be collecting to cover it.
An inventory of common assets, their condition and remaining service life, and a set of funding models. Roofing, building envelope, windows, elevators, boilers, parkade membranes and common-area finishes usually carry the largest line items.
The report signals whether large expenses are near and whether the reserve is funded for them. A well-funded strata with a current report is easier to sell; an underfunded one often shows up later as a special levy.
Requirements and timing are set by the Strata Property Act and its regulations, and they depend on the strata’s size and history. Confirm with your strata corporation or a qualified professional. Nothing on this page is legal advice.
What owners actually pay, and where the local strata stock sits in its renewal cycle, from homes listed right now.
Vancouver
Typical fee $550 a month
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Surrey
Typical fee $401 a month
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Burnaby
Typical fee $458 a month
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Richmond
Typical fee $517 a month
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Kelowna
Typical fee $410 a month
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Coquitlam
Typical fee $416 a month
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Langley
Typical fee $398 a month
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Abbotsford
Typical fee $425 a month
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North Vancouver
Typical fee $543 a month
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Chilliwack
Typical fee $362 a month
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New Westminster
Typical fee $515 a month
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Kamloops
Typical fee $365 a month
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Victoria
Typical fee $521 a month
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Langford
Typical fee $349 a month
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Maple Ridge
Typical fee $380 a month
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Vernon
Typical fee $415 a month
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West Kelowna
Typical fee $431 a month
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Nanaimo
Typical fee $451 a month
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Whistler
Typical fee $635 a month
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Saanich
Typical fee $493 a month
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Delta
Typical fee $455 a month
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Penticton
Typical fee $379 a month
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Port Moody
Typical fee $450 a month
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Osoyoos
Typical fee $380 a month
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Port Coquitlam
Typical fee $414 a month
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White Rock
Typical fee $567 a month
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West Vancouver
Typical fee $883 a month
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Squamish
Typical fee $421 a month
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Mission
Typical fee $333 a month
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Parksville
Typical fee $382 a month
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Big White
Typical fee $608 a month
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Courtenay
Typical fee $410 a month
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Salmon Arm
Typical fee $335 a month
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Campbell River
Typical fee $373 a month
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Esquimalt
Typical fee $441 a month
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Sooke
Typical fee $250 a month
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Lake Country
Typical fee $399 a month
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Tsawwassen
Typical fee $437 a month
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Central Saanich
Typical fee $517 a month
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Radium Hot Springs
Typical fee $519 a month
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Duncan
Typical fee $371 a month
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Oliver
Typical fee $499 a month
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Qualicum Beach
Typical fee $230 a month
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Pitt Meadows
Typical fee $462 a month
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Port Alberni
Typical fee $280 a month
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Revelstoke
Typical fee $355 a month
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Sun Peaks
Typical fee $548 a month
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View Royal
Typical fee $463 a month
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Summerland
Typical fee $423 a month
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Cranbrook
Typical fee $130 a month
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Colwood
Typical fee $382 a month
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Invermere
Typical fee $350 a month
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Sidney
Typical fee $442 a month
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Source: BCRES MLS via Bridge Interactive, from strata homes currently listed that publish a monthly fee. Figures describe listed stock, not any individual strata corporation. Whether a specific strata requires a depreciation report, and by when, is set by the Strata Property Act and its regulations. Nothing here is legal advice.