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Strata depreciation reports

Depreciation reports in Lake Country

Fees and building ages for 76 Lake Country strata homes on the market.

Typical monthly fee
$400
Most fees fall between
$96 to $622
Fee per sq ft
$0.30
Typical year built
2016

Source: BCRES MLS®, 76 listed strata homes that publish a monthly fee.

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New strata listings and price drops in Lake Country.

Typical monthly fee
$400
Most fees fall between
$96 to $622
Fee per sq ft
$0.30
Typical year built
2016

Source: BCRES MLS®, 76 listed strata homes that publish a monthly fee.

What the report tells you

What a depreciation report costs, and why every strata now has one

  • It is now required, with a deadline

    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.

  • It is updated every five years

    A report from 2021 is due again now.

  • It costs the strata thousands

    Usually between $5,000 and $30,000, paid by the strata.

  • Only six kinds of professional may write one

    Since July 1, 2025, it must be written by an engineer, architect, applied science technologist, accredited appraiser, certified reserve planner or quantity surveyor.

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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What Lake Country strata fees look like

Across 76 strata homes listed in Lake Country, the typical monthly fee is $400, with most falling between $96 and $622.

The typical listed strata here was built in 2016, roughly 10 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: whirlpool, security/concierge, sauna.

Where Lake Country buildings sit in their renewal cycle

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. Bars share one scale from zero.

  • Under 10 years

    47% of listings

    29 homes

  • 10 to 24 years

    35% of listings

    22 homes

  • 25 to 39 years

    10% of listings

    6 homes

  • 40 years and older

    8% of listings

    5 homes

What drives the reserve fund here

Amenities that carry heavy reserve-fund line items, with how many of the sampled listings have each.

  • Whirlpool 5
  • Security/Concierge 1
  • Sauna 1

Nearby cities

Prepared by

Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.

Data

Source: BCRES MLS® via Bridge Interactive, strata homes currently listed in Lake Country that publish a monthly fee, and gov.bc.ca for the rules.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).

CorrectionsReport a correction

General information, not legal advice.

Source: BCRES MLS via Bridge Interactive, from strata homes currently listed in Lake Country 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: confirm with your strata corporation or a qualified professional. Nothing here is legal advice.