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 West Vancouver strata homes on the market.
Typical monthly fee
$876
Strata homes sampled
134
33%
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Your address helps identify recent sales and market activity nearby. The valuation is prepared personally, not by an algorithm.
Typical monthly fee
$876
Most fees fall between
$589 and $1,487
Fee per square foot
$0.75
Typical year built
2004
Across 134 strata homes listed in West Vancouver, the typical monthly fee is $876, with most falling between $589 and $1,487.
The typical listed strata here was built in 2004, roughly 22 years ago. Roofs, boilers and common-area systems commonly come due in this window.
30% of the listed strata stock in West Vancouver 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, concierge.
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 West Vancouverthat 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.