Vancouver Strata Depreciation Reports
Across Vancouver, strata properties range from older walk-up apartments and townhouse complexes to newer concrete towers and mixed-use developments.
The city's coastal climate and broad range of building ages make it important to use site-specific service-life assumptions rather than generic replacement dates.
Common components considered for long-term planning
Common planning items can include roofs, windows and doors, balconies, exterior finishes, parkade membranes, elevators, fire-safety systems, plumbing, electrical equipment and mechanical systems. The exact component inventory depends on the strata's responsibilities and the property itself.
The exact inventory is based on the strata's common property, common assets, bylaws and available information. Components that are not the strata corporation's responsibility are not automatically included simply because they exist on the site.
What the report provides
- a component inventory for depreciation-report planning purposes;
- anticipated renewal timing over a 30-year horizon;
- estimated replacement costs;
- financial modelling to support contingency reserve planning; and
- a clear draft review process so council can ask questions before finalization.
Site inspection and scope
Our site review is non-intrusive and visual. We review accessible common property and relevant components for depreciation-report planning purposes. It is not a building-envelope, structural, mechanical, electrical, code, forensic or destructive investigation, and it does not replace specialist assessments where those are warranted.
BC requirements and transition history
Under current BC requirements, strata corporations with five or more lots must obtain depreciation reports on a five-year cycle. British Columbia's 2024 transition framework established July 1, 2026 as the transition deadline for Metro Vancouver. Always confirm the Province's current requirements for the specific strata.
Requesting a proposal
In most cases, Coast to Crest only needs the strata plan number to prepare a proposal. We typically issue proposals within 48 hours. After award, we collect the required building and financial information, schedule the site inspection and prepare the draft report.
Primary source: Province of British Columbia — Strata depreciation report requirements.