Strata depreciation reports
A depreciation report projects what a strata will need to spend on its building over the next 30 years, and what owners should be contributing now. Here is what the fees and building ages actually look like across Chilliwack strata homes on the market.
Typical monthly fee
$363
Strata homes sampled
503
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.
Typical monthly fee
$363
Most fees fall between
$171 and $499
Fee per square foot
$0.29
Typical year built
2008
Across 503 strata homes listed in Chilliwack, the typical monthly fee is $363, with most falling between $171 and $499.
The typical listed strata here was built in 2008, roughly 18 years ago. Newer buildings usually face smaller near-term renewals, though reserve contributions still build toward them.
Shared amenities carry the heaviest reserve-fund line items. The most common among listings here: recreation facilities, exercise centre, sauna/steam room.
Roofs and boilers commonly come due around 25 years, building envelopes around 30. A building's age is the strongest clue to what its next report will focus on.
Source: BCRES MLS via Bridge Interactive, from strata homes currently listed in Chilliwackthat 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: confirm with your strata corporation or a qualified professional. Nothing here is legal advice.