What It Is
In British Columbia, the reserve study is the Depreciation Report. Strata corporations with five or more lots are required to obtain one under the Strata Property Act and keep it current on the cycle the legislation sets.
A Depreciation Report maps every major common asset: its observable condition, remaining service life, and projected renewal cost. We prepare yours to recognized reserve-planning standards and to the requirements of the Strata Property Act, so the terminology and the obligations are applied the way your corporation actually lives under them.
The result is a report that holds up when an Owner, a lender, an insurer, or a prospective buyer reviews your documents, and one a volunteer Council can actually read and act on.
Full Depreciation Report details →Across the Province
British Columbia is a big province, and reserve planning should not stop at the edge of the Lower Mainland. We prepare Depreciation Reports for strata corporations across every region, with the on-site inspection scheduled in your area.
How It Works
One credentialed analyst from proposal to final report, and back again on your update cadence.
A tailored proposal, then a simple intake and a shared document workspace to gather your records.
An on-site assessment of every major component, documented with photographs.
The long-range model, a draft report, and a presentation meeting to walk your Council through it.
Your feedback shapes the final. We return on the cadence your governing legislation sets.
When You Need One
Related Services
Beyond Compliance
Built on the Depreciation Report foundation: reserve and operating budgets modeled together, property improvements weighed beside required renewals, and timing shaped around what your community actually wants.
Explore the Asset Management PlanOwner's Advocate
When a renewal in the forecast becomes a live project, an Owner's-side coordinator keeps it moving against the plan without becoming a second job for the Council.
Explore Project LiaisonCommon Questions
Straight answers on obligation, terminology, timing, and reach, before you request a proposal.
In British Columbia, strata corporations with five or more lots must obtain a Depreciation Report under the Strata Property Act and renew it on the cycle the legislation sets. Smaller stratas and certain circumstances can be treated differently. We confirm exactly what applies to your corporation as part of the proposal.
Depreciation Report is the name the Strata Property Act uses in British Columbia. Across the Prairies and in the United States, the same deliverable is called a Reserve Fund Study. The terminology follows the jurisdiction; the underlying work, a component inventory, a condition inspection, and a long-range funding forecast, is the same.
Yes. British Columbia is our home market and we prepare Depreciation Reports for strata corporations across the province, from the Lower Mainland to Vancouver Island to the Interior. Most of the engagement runs in a shared workspace, with the on-site inspection scheduled in your area, so a building outside the major centres gets the same attention as one downtown.
Likely yes. Beyond the renewal cycle the legislation requires, costs shift, components age in ways the last report could not foresee, and your community's priorities change. Keeping the report current is what makes it a reliable basis for setting contributions and planning renewals.
Often, yes. Many funders accept a Depreciation Report as part of a capital funding request. If you need more tailored funding models or risk framing for a specific application, an Asset Management Plan is the better fit.
For Reference
The standards and obligations behind a Depreciation Report in British Columbia are public. Here are the primary sources we prepare to.