Skip to content
Relta
Sign in

Strata depreciation reports

Depreciation reports in New Westminster

Fees and building ages for 408 New Westminster strata homes on the market.

Typical monthly fee
$518
Most fees fall between
$338 to $758
Fee per sq ft
$0.58
Typical year built
2008

Source: BCRES MLS®, 408 listed strata homes that publish a monthly fee.

Watch New Westminster condos and townhouses

New strata listings and price drops in New Westminster.

Typical monthly fee
$518
Most fees fall between
$338 to $758
Fee per sq ft
$0.58
Typical year built
2008

Source: BCRES MLS®, 408 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.

Saved search

Compare New Westminster strata homes with the report in mind.

Get new listings that fit, by email.

Set up a detailed search

What New Westminster strata fees look like

Across 408 strata homes listed in New Westminster, the typical monthly fee is $518, with most falling between $338 and $758.

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.

15% of the listed strata stock in New Westminster 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.

Where New Westminster 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

    31% of listings

    125 homes

  • 10 to 24 years

    30% of listings

    123 homes

  • 25 to 39 years

    25% of listings

    100 homes

  • 40 years and older

    15% of listings

    60 homes

What drives the reserve fund here

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

  • Exercise Centre 199
  • Recreation Facilities 185
  • Sauna/Steam Room 52
  • Concierge 38

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 New Westminster 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 New Westminster 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.