Depreciation Report · British Columbia

Depreciation Report in Langley

Reserve Plus has been engaged for more than 250 depreciation reports across 42 British Columbia communities since 2020, more than 80 of them in Metro Vancouver.

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Our record near Langley

250+
depreciation reports across British Columbia
80+
in Metro Vancouver
6,000+
units under study in British Columbia

Reserve Plus has worked in 42 British Columbia communities since 2020, including 12 across Metro Vancouver. 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 Langley

7 depreciation reports (2024 to 2026), covering 232 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 Langley

Langley's stratas are dominated by townhouse complexes, especially in Willoughby and Walnut Grove, along with newer four- to six-storey wood-frame apartment buildings. Many are relatively new, so their first major renewals are still coming into view.

What most often shapes a plan here:

  • Asphalt lanes, visitor parking and drainage across large townhouse sites.
  • Wood-frame mid-rise envelopes as they reach their first major repair cycle.
  • Amenity buildings, playgrounds and landscaping shared by hundreds of owners.

Of the 7 Langley properties we have studied with a recorded size, 5 had 25 to 49 units and 2 had 11 to 24 units.

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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 Langley 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 Langley property

Crew working on a residential roof with a ladder against the eave
Site visits cover the roof, envelope and every other common component. Photo: Compagnons / Unsplash
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Questions from Langley boards

Does Reserve Plus work in Langley?

Yes. In Langley, Reserve Plus has been engaged for 7 depreciation reports (2024 to 2026), covering 232 units. Reserve Plus has been engaged for more than 250 depreciation reports across 42 British Columbia communities since 2020, more than 80 of them in Metro Vancouver. 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 Langley stratas?

Langley is in Metro Vancouver, so the deadline was July 1, 2026 for stratas with five or more lots that had no report, or only one dated before December 31, 2020. A strata that missed it should book one now. The Electrical Planning Report is due December 31, 2026.

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Other communities we serve