Depreciation Report · British Columbia

Depreciation Report in Kamloops

Reserve Plus has been engaged for more than 250 depreciation reports across 42 British Columbia communities since 2020, 4 of them in the Thompson.

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Our record near Kamloops

250+
depreciation reports across British Columbia
4
in the Thompson
6,000+
units under study in British Columbia

Reserve Plus has worked in 42 British Columbia communities since 2020, including 2 across the Thompson. These are engagements, meaning corporations that appointed us, not enquiries. Across British Columbia we study everything from small bare-land and townhouse corporations to properties of more than 300 units. Of those, 8 have 100 units or more.

In Kamloops

3 depreciation reports (2022 to 2025), covering 171 units. Every report is authored by a qualified professional and delivered as a first draft in 30 days or less, with myRPlanner (powered by StelorPM) included in Standard and Premium studies.

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Strata buildings in Kamloops

Kamloops' stratas are mostly townhouse complexes and wood-frame apartment buildings, with newer hillside developments in Aberdeen, Sahali and Juniper Ridge. Hot, dry summers, cold snaps in winter and hillside sites shape the plan.

What most often shapes a plan here:

  • Roofs, siding and decks under strong summer heat.
  • Retaining walls, drainage and asphalt on hillside sites.
  • Mechanical cooling as summers get hotter.
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What British Columbia requires

In British Columbia, a depreciation report is required every 5 years under the Strata Property Act. Depreciation reports are mandatory for strata corporations with 5 or more lots. The three-quarters vote to defer one ended on July 1, 2024. Stratas wholly or partly in Metro Vancouver, the Fraser Valley or the Capital Regional District needed a compliant report by July 1, 2026, and everywhere else the date is July 1, 2027.

Requirements are set by the province, not the municipality, so a Kamloops corporation is governed by the same rules as the rest of British Columbia. The full requirements, including who is eligible to author the report, are on our British Columbia page.

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What you receive

A component inventory with condition and remaining life, replacement costs, a 30-year funding projection, and myRPlanner with Standard and Premium studies. What a depreciation report includes.

Request a quote for your Kamloops property

Engineer holding up building drawings to compare them against the space on site
Drawings are checked against what is actually built. Photo: GN Group / Unsplash
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Questions from Kamloops boards

Does Reserve Plus work in Kamloops?

Yes. In Kamloops, Reserve Plus has been engaged for 3 depreciation reports (2022 to 2025), covering 171 units. Reserve Plus has been engaged for more than 250 depreciation reports across 42 British Columbia communities since 2020, 4 of them in the Thompson. Across British Columbia we study everything from small bare-land and townhouse corporations to properties of more than 300 units. Of those, 8 have 100 units or more.

When is the depreciation report deadline for Kamloops stratas?

Kamloops is in the Thompson-Nicola Regional District, outside the three early regions, so stratas with five or more lots need a compliant depreciation report by July 1, 2027, and an Electrical Planning Report by December 31, 2028.

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Other communities we serve