Depreciation Report · British Columbia

Depreciation Report in Panorama

Reserve Plus has been engaged for more than 250 depreciation reports across 42 British Columbia communities since 2020, more than 30 of them in the Kootenays.

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Our record near Panorama

250+
depreciation reports across British Columbia
30+
in the Kootenays
6,000+
units under study in British Columbia

Reserve Plus has worked in 42 British Columbia communities since 2020, including 13 across the Kootenays. 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 Panorama

3 depreciation reports (2024 to 2025), covering 84 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 at Panorama

Panorama's stratas are mostly ski-in, ski-out condominiums and townhomes at the mountain resort, owned as second homes or rented short term. Heavy snow, long winters and the resort's shared facilities shape the plan, and access and trades are more limited than in the valley below.

What most often shapes a plan here:

  • Roofs and snow management on buildings that carry heavy snow loads.
  • Shared pools, hot tubs and common facilities that see heavy rental use.
  • Exterior decks, stairs and wood cladding at elevation.
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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 Panorama 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 Panorama property

Residential high rise towers under a blue sky
Each study is costed for the building in front of us, not a template. Photo: Leohoho / Unsplash
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Questions from Panorama boards

Does Reserve Plus work in Panorama?

Yes. In Panorama, Reserve Plus has been engaged for 3 depreciation reports (2024 to 2025), covering 84 units. Reserve Plus has been engaged for more than 250 depreciation reports across 42 British Columbia communities since 2020, more than 30 of them in the Kootenays. 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 Panorama stratas?

Panorama is in the Regional District of East Kootenay, 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