Depreciation Reports That Go Beyond Compliance
A Depreciation Report is more than a legal requirement — it’s your strata’s roadmap for the next 30 years. At AV Appraisals Inc., we prepare accurate, compliant, and easy-to-understand reports that help councils make informed decisions, plan long-term budgets, and prevent costly special levies.
WHY CHOOSE US
Depreciation Report for ALL strata types
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Residential
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Commercial
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Industrial
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Mix-Use
High Rise | Low Rise | Townhouse | Bare Land
Regions Covered - ALL British Columbia
We proudly provide Depreciation Report service in ALL regions of British Columbia.
Lower Mainland | Fraser Valley
Vancouver Island | Sea to Sky
Okanagan - Thompson
Kootenays | Cariboo
Northern B.C.
FAQ
Depreciation Report
What is a Depreciation Report?
Strata Depreciation Report / Reserve Fund Study are required as per the Strata Act and Regulations of the province. The purpose of a Depreciation Report / Reserve Fund Study is to analyze different common property components and limited common property components in the strata corporation, including their current condition and projected future costs for repairs, replacements and maintenance.
These reports provide an analysis of contingency reserve fund (CRF) using different models for the projections of future repair and replacement costs. The depreciation report helps strata corporations manage and plan for the long-term replacement and repair needs of their properties. It aims to ensure that sufficient funds are available for these expenses, thereby protecting the value of the property and the interests of the owners.
Our Depreciation Report / Reserve Fund Study are prepared meeting all strata depreciation report requirements set by province and CUSPAP standards.
Who can prepare Depreciation Report for Strata Corporations in BC :
Effective July 1, 2025, strata corporations must obtain depreciation reports from one of six designated professionals.
Our team consist of designated AACI (Accredited Appraiser Canadian Institute) by the Appraisal Institute of Canada - fully qualified to prepare Depreciation Reports across the province in compliance with the Strata Property Act and CUSPAP standards.
How much does a Strata Depreciation Report Cost in BC :
The cost of a strata depreciation report depends on various factors, including the size of the property, the number of units, and the complexity of its building systems. Contact us today for a personalized quote tailored to your strata’s specific needs.
Learn more about BC Strata Depreciation Report Requirements
