Strata depreciation reports

Publication date: April 22, 2024

Under B.C.'s Strata Property Act and regulations, all strata corporations with five or more strata lots must obtain depreciation reports on a five-year cycle. Strata corporations may no longer defer getting a depreciation report by holding an annual 3/4 vote. Strata corporations will have time to meet this requirement.

Strata corporations must repair and maintain their common property and assets. The depreciation report helps strata lot owners to plan and pay for the repair, maintenance and renewal of common property and assets over a 30 year time period.

Learn more on this page:

In other Canadian provinces, depreciation reports are referred to as “reserve fund studies”.

Find it fast: a handy site map listing the strata housing pages.

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