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 Nanaimo strata homes on the market.
Typical monthly fee
$454
Strata homes sampled
258
33%
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Typical monthly fee
$454
Most fees fall between
$246 and $670
Fee per square foot
$0.42
Typical year built
2005
Across 258 strata homes listed in Nanaimo, the typical monthly fee is $454, with most falling between $246 and $670.
The typical listed strata here was built in 2005, roughly 21 years ago. Roofs, boilers and common-area systems commonly come due in this window.
19% of the listed strata stock in Nanaimo is 40 years or older, so comparing two buildings here often means comparing where each one sits in its 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.
Source: BCRES MLS via Bridge Interactive, from strata homes currently listed in Nanaimothat 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.