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 New Westminster strata homes on the market. Ask Relta how to read those signals before comparing buildings.
Typical monthly fee
$518
Strata homes sampled
450
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.
A report is not a one-time document. The requirement runs on a five-year cycle, so a building that filed one in 2021 is due again. A report older than five years tells you less than its date suggests.
A depreciation report typically runs between about $5,000 and $30,000 depending on the size and complexity of the building, with a high-rise or mixed-use complex usually in the $7,000 to $15,000 range. That cost is paid by the strata, so it shows up in fees or the reserve, not on your closing statement.
Since July 1, 2025 a report has to be prepared by an engineer, an architect, an applied science technologist, an accredited appraiser, a certified reserve planner, or a quantity surveyor. A report from anyone else does not meet the requirement.
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.
Smart search
The listings on this page change daily. Set your search once and the ones worth seeing come to you instead.
Alerts when it matters
A new listing, a price drop or an open house in what you are watching, sent as it happens.
A shortlist that stays put
Save homes as you find them and they are still there next week, on any device.
Your own dashboard
Compare what you saved side by side, with the mortgage math and neighbourhood detail attached.
Or build your search properly →
A few questions about budget, area and must-haves, and the shortlist is built around your answers.
NEW WESTMINSTER ALERTS
1 / 3
Pick as many as you want. You can change this later.
New listings
The moment something comes to market
Price drops
When a seller cuts their asking price
Open houses
Before you plan your weekend
Typical monthly fee
$518
Most fees fall between
$342 and $771
Fee per square foot
$0.57
Typical year built
2007
Across 450 strata homes listed in New Westminster, the typical monthly fee is $518, with most falling between $342 and $771.
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.
16% 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.
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 New Westminsterthat 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.