Depreciation Report and Insurance Appraisal
Thompson-Nicola and Okanagan

At AV Appraisals Inc., we are proud to provide professional Depreciation Reports and Insurance Appraisal for strata corporations and property managers throughout the Thompson–Nicola and Okanagan region, one of British Columbia’s most dynamic areas, combining urban centers, lakefront resort communities, and rural towns. Each municipality in this region has distinct property types and planning needs, from high-rise condominiums to townhome complexes and resort-style developments. We regularly serve clients in the following municipalities and communities:

​

• Kelowna

• West Kelowna

• Vernon

• Penticton

• Lake Country

• Peachland

• Summerland

• Kamloops

• Merritt

• Logan Lake

• Chase

• Clearwater

​

The Okanagan and Thompson–Nicola regions are unique for their combination of urban growth, seasonal resort demand, and diverse building stock, ranging from lakefront condominiums and retirement residences to family-oriented strata townhouse complexes and mixed-use buildings.

​​

Our work in these areas is guided by the Strata Property Act, ensuring every Depreciation Report we prepare is legislatively compliant while remaining clear, practical, and tailored to the specific needs of each strata corporation.

​

Depreciation Reports are essential tools for strata councils, owners, and property managers, as they provide a 30-year planning horizon for major repairs, renewals, and replacements of common property and assets.

​​

Our reports provide:

​​

• A detailed inventory of building components and systems

• Lifecycle analysis with replacement timelines

• Cost projections that reflect current and regional construction conditions

• Funding models designed to balance owner contributions with sustainable planning

​

By working across the Thompson–Nicola and Okanagan region, AV Appraisals supports communities from lakefront properties in Kelowna and Vernon, to resort developments in Penticton and Summerland, to family strata in Kamloops and Merritt. Our commitment is to deliver transparent, practical, and accurate depreciation reports that give councils confidence in planning, funding, and long-term management.