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 Delta strata homes on the market.
Typical monthly fee
$460
Strata homes sampled
218
33%
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Typical monthly fee
$460
Most fees fall between
$286 and $674
Fee per square foot
$0.43
Typical year built
2007
Across 218 strata homes listed in Delta, the typical monthly fee is $460, with most falling between $286 and $674.
The typical listed strata here was built in 2007, roughly 19 years ago. Newer buildings usually face smaller near-term renewals, though reserve contributions still build toward them.
19% of the listed strata stock in Delta is 40 years or older, so comparing two buildings here often means comparing where each one sits in its renewal cycle.
Shared amenities carry the heaviest reserve-fund line items. The most common among listings here: exercise centre, recreation facilities, 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 Deltathat 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.