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.
Cities covered
55
33%
Enter the home address you'd like appraised.
Your address helps identify recent sales and market activity nearby. The valuation is prepared personally, not by an algorithm.
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 $546 a month
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Surrey
Typical fee $406 a month
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Burnaby
Typical fee $456 a month
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Richmond
Typical fee $503 a month
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Kelowna
Typical fee $406 a month
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Coquitlam
Typical fee $420 a month
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Langley
Typical fee $394 a month
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Abbotsford
Typical fee $417 a month
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North Vancouver
Typical fee $550 a month
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Chilliwack
Typical fee $362 a month
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New Westminster
Typical fee $509 a month
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Kamloops
Typical fee $350 a month
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Victoria
Typical fee $502 a month
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Langford
Typical fee $354 a month
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Vernon
Typical fee $400 a month
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Maple Ridge
Typical fee $382 a month
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West Kelowna
Typical fee $440 a month
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Nanaimo
Typical fee $454 a month
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Saanich
Typical fee $504 a month
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Penticton
Typical fee $385 a month
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Delta
Typical fee $460 a month
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Whistler
Typical fee $588 a month
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Port Coquitlam
Typical fee $413 a month
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White Rock
Typical fee $565 a month
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Osoyoos
Typical fee $380 a month
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Port Moody
Typical fee $450 a month
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Squamish
Typical fee $443 a month
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Mission
Typical fee $330 a month
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West Vancouver
Typical fee $876 a month
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Parksville
Typical fee $399 a month
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Courtenay
Typical fee $410 a month
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Esquimalt
Typical fee $411 a month
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Lake Country
Typical fee $410 a month
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Sooke
Typical fee $315 a month
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Campbell River
Typical fee $378 a month
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Big White
Typical fee $608 a month
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Salmon Arm
Typical fee $253 a month
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Radium Hot Springs
Typical fee $499 a month
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Duncan
Typical fee $320 a month
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Oliver
Typical fee $512 a month
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Tsawwassen
Typical fee $441 a month
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Pitt Meadows
Typical fee $451 a month
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Central Saanich
Typical fee $500 a month
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Colwood
Typical fee $382 a month
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View Royal
Typical fee $459 a month
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Port Alberni
Typical fee $360 a month
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Qualicum Beach
Typical fee $230 a month
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Invermere
Typical fee $376 a month
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Westbank
Typical fee $383 a month
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Fairmont Hot Springs
Typical fee $493 a month
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Powell River
Typical fee $294 a month
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Revelstoke
Typical fee $324 a month
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Sechelt
Typical fee $363 a month
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Peachland
Typical fee $403 a month
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Sidney
Typical fee $441 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.