Depreciation Report · British Columbia
Depreciation Report in Richmond
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.
Our record near Richmond
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 Richmond
21 depreciation reports (2024 to 2026), covering 774 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.
Strata buildings in Richmond
Richmond sits on the Fraser River delta, much of it at or close to sea level. Its stratas range from wood-frame townhouse complexes built in the 1980s and 1990s to newer concrete towers along the Canada Line. In a wet coastal climate, the building envelope, roofing and drainage are usually the largest items in a depreciation report.
What most often shapes a plan here:
- The building envelope, and whether it has already been rehabilitated or rainscreened.
- Roofs, gutters and site drainage on flat, low-lying ground.
- Parkade membranes and below-grade waterproofing in the newer towers.
Of the 21 Richmond properties we have studied with a recorded size, 8 had 11 to 24 units, 6 had 10 units or fewer, 4 had 25 to 49 units, 2 had 100 units or more and 1 had 50 to 99 units.
What British Columbia requires
Requirements are set by the province, not the municipality, so a Richmond 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.
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 Richmond property
Questions from Richmond boards
Does Reserve Plus work in Richmond?
Yes. In Richmond, Reserve Plus has been engaged for 21 depreciation reports (2024 to 2026), covering 774 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 Richmond stratas?
Richmond 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.