Depreciation Report
Also known as: Strata depreciation report · 5-year reserve study
A 5-year reserve study mandatory for BC strata corporations of 5+ residential units, identifying common property components and projected replacement costs.
Effective July 1, 2024, every BC strata corporation of 5 or more residential strata lots must obtain a depreciation report on a 5-year cycle. The report identifies common property and common assets, projects replacement timelines and costs over 30 years, and recommends contributions to the Contingency Reserve Fund (CRF). The previous 3/4-vote opt-out has been removed.
Phased compliance: stratas in Metro Vancouver, Fraser Valley, and Capital Regional Districts must produce a current depreciation report by July 1, 2026. The rest of BC must comply by July 1, 2027. Once mandatory for a strata, a current depreciation report must accompany the Form B Information Certificate.
Related terms
- Form B Information Certificate — A statutory information certificate issued by a BC strata corporation for a strata-lot sale, capped at $35 (Form B itself) under s.
- Bill 44 (2022) — Strata Reform — BC legislation effective November 24, 2022 that voided all strata rental-restriction bylaws and limited strata age-restriction bylaws to 55+ only.
- Transit-Oriented Development Areas (Bill 47) — BC legislation (Bill 47, in force December 7, 2023) designating transit hubs as Transit-Oriented Development Areas where municipalities must permit minimum density and height in tiered distance bands — up to 5.
See also
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@misc{bronsonjob-bc_strata_depreciation_report_mandatory,
author = {Job, Bronson},
title = {{BC Strata depreciation report mandatory cycle}},
howpublished = {BC Real Estate Codex},
year = {2026},
url = {https://www.bronsonjob.com/codex#bc.strata.depreciation_report_mandatory},
urldate = {2026-05-08},
note = {Fact ID: bc.strata.depreciation_report_mandatory, version 1.}
}Job, B. (2026). BC Strata depreciation report mandatory cycle. *BC Real Estate Codex*. Retrieved 2026-05-08, from https://www.bronsonjob.com/codex#bc.strata.depreciation_report_mandatory
BC Strata depreciation report mandatory cycle — Bronson Job, BC Real Estate Codex (2026-05-08). https://www.bronsonjob.com/codex#bc.strata.depreciation_report_mandatory
Fact id: bc.strata.depreciation_report_mandatory · v1 · machine-readable: /api/v1/facts/by-id/bc.strata.depreciation_report_mandatory.json
Verified sources (1)Click to expand
Every claim on this page is sourced to a primary government, regulator, or industry-association URL. We re-verify quarterly; the verification dates below show when each source was last confirmed against the live government page.
- BC Governmentretrieved 2026-05-08Depreciation reports for strata corporationshttps://www2.gov.bc.ca/gov/content/housing-tenancy/strata-housing/operating-a-strata/finances-and-insurance/depreciation-reports
bc.strata.depreciation_report_mandatory · v1View in Codex →