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 View Royal strata homes on the market.
Typical monthly fee
$459
Strata homes sampled
64
33%
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Typical monthly fee
$459
Most fees fall between
$130 and $755
Fee per square foot
$0.40
Typical year built
2009
Across 64 strata homes listed in View Royal, the typical monthly fee is $459, with most falling between $130 and $755.
The typical listed strata here was built in 2009, roughly 17 years ago. Newer buildings usually face smaller near-term renewals, though reserve contributions still build toward them.
15% of the listed strata stock in View Royal 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 View Royalthat 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.