Check Your BC Strata’s Mandatory Depreciation Report Deadline & Cost
Under BC Strata Property Regulation 6.2, all 5+ lot stratas must obtain a depreciation report every 5 years. Answer 4 quick questions to view your exact statutory deadline, estimated CRF cost, and generate an AGM-ready council resolution.
1. Strata Profile Questionnaire
Instant real-time calculation based on BC Order in Council 204/2024
Note: Stratas with 4 or fewer lots are exempt from mandatory reports under BC Reg 6.2.
Stratas with 5+ lots in Squamish / Whistler / Sea-to-Sky without a post-2020 report must obtain one by July 1, 2027. Annual 3/4 vote deferrals are abolished.
Certified Reserve Planner (CRP) or Accredited Appraiser (AACI) — typically 25%–40% more affordable for wood-frame townhomes than heavy engineering firms.
Request 3 Competitive Quotes for Your Next Council Meeting
We match your building with up to 3 vetted, insured BC providers (CRP, AACI & P.Eng designated) that have open inspection slots in your municipality.
Your strata profile has been routed to 3 vetted, insured BC providers (CRP, AACI, or P.Eng) with open inspection availability in your region. They will prepare preliminary fee estimates and reach out via email.
Why Strata Councils Cannot Afford to Delay (The Form B & Mortgage Risk)
Critical for Property ValuesEvery time an owner in your strata sells their unit, the strata corporation is legally required to issue a Form B Information Certificate. Under BC rules, the Form B must state whether a depreciation report exists and attach the most recent copy.
Who Is Legally Qualified to Author Your BC Depreciation Report?
As of July 1, 2025, depreciation reports in British Columbia must be prepared by a person belonging to one of the **6 designated professions** who carries errors and omissions insurance:
Designated by the Real Estate Institute of Canada (REIC). Highly cost-effective specialists ideal for wood-frame townhomes, multiplexes, and bare-land stratas.
Members of the Appraisal Institute of Canada. Excellent for bare-land stratas, small townhomes, and stratas with standard construction components.
Registered with Engineers and Geoscientists BC (EGBC). Essential for concrete high-rises, underground multi-level parkades, and complex HVAC/envelope projects.
Registered with the Architectural Institute of British Columbia. Specialized in building envelope durability, window walls, and architectural components.
Specialists in construction lifecycle forecasting, accurate inflation adjustments, and complex contingency reserve fund modeling.
Registered with ASTTBC with building science or civil focus. Common for mid-sized low-rise buildings and infrastructure assessments.
BC Strata Depreciation Report Statutory Deadlines by Region
Under BC Order in Council 204/2024 (amending Strata Property Regulation 6.2), statutory compliance deadlines depend on geographic location and report history:
| BC Region / Municipalities | Strata Lot Threshold | Statutory Deadline | Status / Action Required |
|---|---|---|---|
| Squamish, Whistler, Pemberton (Sea-to-Sky) | 5+ lots (no report since 2020) | July 1, 2027 | Order by Jan–Feb 2027 |
| Vancouver Island (Nanaimo, Courtenay, Campbell River, Parksville, Tofino) | 5+ lots (no report since 2020) | July 1, 2027 | Order by Jan–Feb 2027 |
| Okanagan, Kamloops, Kelowna, Kootenays, & BC Interior | 5+ lots (no report since 2020) | July 1, 2027 | Order by Jan–Feb 2027 |
| Sunshine Coast, Bowen Island, & Southern Gulf Islands | 5+ lots (no report since 2020) | July 1, 2027 | Order by Jan–Feb 2027 |
| Metro Vancouver (Vancouver, Burnaby, Richmond, Surrey, Coquitlam, etc.) | 5+ lots (no report since 2020) | July 1, 2026 | Overdue • Urgent |
| Greater Victoria / Capital Regional District & Fraser Valley | 5+ lots (no report since 2020) | July 1, 2026 | Overdue • Urgent |
| All Stratas with Existing Post-2020 Report | 5+ lots across all BC | Every 5 Years | 5-Year Renewal Cycle |
| Small Stratas (Duplexes, Triplexes, Fourplexes) | 1 to 4 lots | Legally Exempt | Exempt (Reg 6.2) |
Frequently Asked Questions by BC Strata Councils
Can our strata still vote by 3/4 majority to exempt ourselves from getting a report? ↓
No. The BC government explicitly repealed the 3/4 annual vote exemption under Order in Council 204/2024. All strata corporations with 5 or more lots must obtain a report at least once every 5 years without exception.
How does the strata pay for the report? Do we need a special levy? ↓
The Strata Property Act allows councils to pay for a depreciation report directly from the Contingency Reserve Fund (CRF) or the Operating Fund by a simple majority vote (over 50%) at an AGM or SGM, or even by council resolution if permitted by bylaws. A 3/4 special levy vote is usually not required.
Our strata has only 3 or 4 units (duplex / fourplex). Are we exempt? ↓
Yes. Stratas containing 4 or fewer lots are legally exempt under BC Strata Property Regulation 6.2(1). However, individual owners often order joint roof/foundation assessments when selling to satisfy buyer mortgage requirements.