Vancouver Island · British Columbia

Depreciation Reports in Victoria

In Victoria, we prepare Strata Property Act depreciation reports for strata corporations, each including a 30-year projection and three funding models.

Request a Quote Call 604-227-1917

Victoria, Vancouver Island. View larger map

Vancouver Islandthe area this city sits in

~115 kmfrom our Vancouver office

Sealedby the licensed professional responsible

Fixed pricequoted for a defined scope

Depreciation Reports for Victoria properties

What the report covers for a typical Victoria strata corporation.

Depreciation reports for strata corporations in Victoria, prepared under the Strata Property Act,, including a 30-year cost projection and three funding scenarios for the council to compare. Site attendance is routine rather than a special trip, with our Vancouver office 115 km or so away.

The building and its intended purpose for the report together determine what's covered. The purpose drives the scope, so tell us if it's for a deal, a filing, planning or a disagreement, and we'll confirm coverage before quoting.

There's no handoff between who prepares the report and who seals it — one licensed professional does both.

The depreciation report page sets out exactly what the report covers and how the process runs.

What we assess in Victoria

Scope depends on the property, but these are the components that drive most local budgets.

Building envelopeEnvelope components under corporate responsibility: cladding, sealants, windows and doors.

RoofingShingle roofing across the townhouse blocks, typically the biggest line item on the property.

Site worksRoads, asphalt, curbs and lighting across the site — frequently the majority of the report on low-rise property.

ParkingParking, at grade or structured, following a repair schedule separate from the rest of the site.

Mechanical & electricalCommon mechanical and electrical infrastructure — heating, ventilation, water and distribution.

Interior common areasCorridors, lobbies and stairwells, where finishes wear on a visible cycle.

Nearby areas we serve

We work across Vancouver Island and the wider region.

Common questions

Depreciation Reports in Victoria

Does my Victoria strata need a depreciation report?

Corporations with five or more strata lots need one — that's the threshold. As of July 2024, deferral by three-quarter vote is no longer available, and the cycle is five years.

When is my deadline?

The 1 July 2026 deadline applies to corporations in Metro Vancouver, the Fraser Valley and the Capital Regional District with no report, or one older than 31 December 2020. Everywhere else in BC, the deadline moves to 1 July 2027.

Who is qualified to prepare it?

A defined set of qualified professionals has been the requirement since July 2025. We prepare and seal every one with a licensed Professional Engineer.

How long does it take?

Property size and document turnaround typically put it at four to eight weeks.

Need a Depreciation Report in Victoria?

Give us the address and the reason for the report, and expect a fixed quote back within about a business day.

Request a Quote or call 604-227-1917