Strata depreciation reports

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:

• The legal requirements for depreciation reports 
• Practical tips for obtaining depreciation reports
• Choosing a depreciation report provider

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.

Disclaimer: the information on this website about strata housing is provided for the user’s convenience as a basic starting point; it is not a substitute for getting legal advice. Learn more about the site’s purpose and limits. The content on this website is periodically reviewed and updated by the Province of British Columbia as per the date at the top of each page.