Depreciation Report and Insurance Appraisal
Vancouver Island
 

At AV Appraisals Inc., we are proud to provide professional Depreciation Reports and Insurance Appraisal for strata corporations and property managers across Vancouver Island, a region known for its diverse communities, coastal developments, and rapidly growing residential markets. From bustling urban centers to smaller seaside towns, Vancouver Island presents unique challenges and opportunities for long-term strata planning. We regularly serve clients in the following municipalities and communities:

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• Victoria

• Nanaimo

• Parksville

• Qualicum Beach

• Courtenay

• Comox

• Campbell River

• Duncan

• Sidney

• Port Alberni

• Port Hardy

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Each of these communities has distinct property types, from condominiums and mixed-use developments in downtown Victoria, to retirement and resort properties in Parksville and Qualicum Beach, to family-oriented strata communities in Courtenay, Comox, and Campbell River.

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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.

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Our reports provide:

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• 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

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By working with strata corporations across Vancouver Island, AV Appraisals helps communities—from urban high-rises in Victoria to smaller coastal developments in Port Alberni and Sidney—plan responsibly, safeguard property values, and avoid costly surprises. Our commitment is to deliver accurate, transparent, and actionable depreciation reports that support effective long-term management and give councils confidence in every decision.