WHY CHOOSE US

With over 15 years experience and a real focus on customer satisfaction, you can rely on us for your next project. Our team of licensed engineers brings specialized expertise in building envelope and structural engineering, delivering accurate and thorough reports with a focus on client satisfaction. All assessments are conducted by EIT and licensed engineers operating under the regulatory standards of Engineers and Geoscientists BC (EGBC).

• Fast 2-Week Turnaround — One of the quickest in the industry, so your board can plan without delay
• Accurate Estimations — Backed by thorough site inspections, historical data and verified data
• Comprehensive Maintenance & Financial History Review — We review the full maintenance and financial history of your Strata Corporation to ensure your depreciation report reflects real-world conditions, past spending patterns, and upcoming capital needs — not just assumptions
• Detailed Visual Inspection of Common Property Assets — Our qualified engineers perform a thorough, non-invasive visual inspection of all common property assets, including roofing, cladding, mechanical systems, parkades, and shared amenities. Every component is assessed for current condition, remaining useful life, and anticipated replacement cost — forming the physical backbone of your depreciation report
• 30-Year Inventory Analysis of Common Property Assets — Every depreciation report we produce includes a comprehensive 30-year inventory analysis of all common property assets. We catalogue each component, estimate its remaining useful life, and project repair and replacement timelines so your strata corporation has a clear, long-range picture of what's coming and when — eliminating costly surprises down the road
• 30-Year Major Maintenance Cost Estimates — We provide detailed cost estimates for all major maintenance, repair, and replacement work anticipated over the next 30 years. Using current market pricing, regional cost data, and inflation adjustments, your depreciation report delivers a realistic financial forecast that empowers your strata council to set contributions confidently and avoid sudden special levies
• Minimum 3 Funding Scenarios & Cash Flow Models — Every StrataConsulting depreciation report includes at least three distinct funding scenarios, giving your strata council the flexibility to compare reserve fund strategies side by side. Whether your priority is minimizing monthly strata fee increases, maintaining a healthy cash reserve, or accelerating contributions ahead of major expenditures, our cash flow models present clear, data-driven options so your board can choose the path that best fits your community's financial goals and risk tolerance
• One Complimentary Financial Model Update — Up to One Year After Draft Delivery — We stand behind the work we deliver.

POPULAR QUESTIONS

• What is a depreciation report?

  A depreciation report is a professional planning document that identifies the current condition of a strata corporation's common property assets, estimates the cost of major repairs and replacements over a 30-year period, and provides funding strategies to ensure the reserve fund remains adequately funded. It helps strata councils make informed budgeting decisions and avoid unexpected special levies.

• How long does a depreciation report take?

  StrataConsulting delivers completed depreciation reports in as little as 2 weeks from the time key documents are received. This makes us one of the fastest depreciation report providers in British Columbia and Western Canada — without compromising on quality, accuracy, or legislative compliance.

• Is a depreciation report mandatory in British Columbia?

  Yes. In British Columbia, all strata corporations with 5 or more units are legally required to obtain a depreciation report and renew it at least every 5 years under the Strata Property Act. Failing to maintain a current depreciation report can expose your strata corporation to financial and legal risk.

• How much does a depreciation report cost?

  The cost of a depreciation report varies depending on the size, units, building type, and complexity of the property. StrataConsulting provides transparent, customized proposals for every project. Prices for the breakdown are avaliable on our Cost Calculator.

• How often should a depreciation report be renewed?

  While British Columbia legislation requires renewal every 5 years, StrataConsulting recommends renewing your depreciation report every year. Building conditions change, replacement costs shift with inflation, and your strata's priorities evolve — an outdated depreciation report can leave your council making major financial decisions based on stale data.
  That's why StrataConsulting offers an annual depreciation report renewal service backed by technology that sets us apart. Through our exclusive client portal, your strata council gains year-round access to your financial models, allowing for real-time updates as conditions change. Combined with complimentary AI-powered analysis and model simulations, your council can stress-test funding scenarios, model the impact of rising construction costs, and explore alternative reserve fund strategies — all between formal renewal cycles.
  Keeping your depreciation report current doesn't just protect your reserve fund — it empowers your strata council to make confident, informed financial decisions every year, not just once every five.

• What is the difference between a depreciation report and a reserve fund study?

  A depreciation report and a reserve fund study serve the same core purpose — assessing common property assets and establishing a funding plan — but the terminology differs by province. "Depreciation report" is the term used in British Columbia, while "reserve fund study" is more commonly used in Alberta, Saskatchewan, and Manitoba. The structure and deliverables are largely similar across both.

• What common property assets are included in a depreciation report?

  A depreciation report typically covers all major common property assets the strata corporation is responsible for maintaining. This includes roofing systems, building envelope and cladding, mechanical and electrical systems, plumbing, parkade structures, elevators, common area flooring and finishes, landscaping, irrigation, and recreational amenities such as gyms and courtyards.

• What funding scenarios are included in a depreciation report?

  Every StrataConsulting depreciation report includes a minimum of three funding scenarios — also known as cash flow models — that give your strata council options for how to build and maintain a healthy reserve fund. Each scenario models a different contribution strategy so your board can weigh the trade-offs and select the approach that best fits your community's financial goals and risk tolerance.

• Can a depreciation report help us avoid special levies?

  Yes. One of the primary benefits of a current, well-prepared depreciation report is the ability to plan ahead for major capital expenditures and set strata fee contributions accordingly. Strata corporations with an up-to-date depreciation report are far better positioned to avoid surprise special levies, which can place significant financial strain on individual owners.

• What happens during the depreciation report site visit?

  During the site visit, our qualified professionals conduct a detailed, non-invasive visual inspection of all major common property components. We assess current condition, estimate remaining useful life, and document observations that inform the cost projections and funding strategies in your final depreciation report. Site visits are thorough and unobtrusive — there is no disruption to residents.

• Do we need building drawings to get a depreciation report?

  No, building drawings are not required to begin. However, having accurate digital drawings improves the precision of quantity and layout assumptions in your depreciation report. If your documents are missing or outdated, StrataConsulting offers drawings procurement and digitization services — a worthwhile investment that also benefits engineers and contractors working on your property down the road.

• Can our depreciation report be used for funding applications?

  In many cases, yes. Lenders, Mortgage Brokers and funders frequently accept a current depreciation report or reserve fund study as supporting documentation for capital funding requests. If your application requires more tailored financial modeling or risk framing, StrataConsulting also offers Asset Management Planning services to complement your depreciation report.

• What does a depreciation report include?

  A completed StrataConsulting depreciation report includes a 30-year inventory analysis of all common property assets, detailed major maintenance cost estimates, a minimum of three funding scenarios and cash flow models, visual summary tables and charts, preventative maintenance recommendations for major components, and a review meeting to walk your strata council through the findings before the final report is issued.

• What if we disagree with the assumptions in our depreciation report?

  Every StrataConsulting depreciation report includes a draft review meeting where we walk through our methodology and assumptions in detail. If there is a defensible rationale supported by impartial sources, we are happy to incorporate it into the final report. The depreciation report is a professional, engineering report with impartial opinion.