Depreciation Report · British Columbia

Depreciation Report in Sicamous

Reserve Plus has been engaged for more than 250 depreciation reports across 42 British Columbia communities since 2020, 16 of them in the Okanagan.

01

Our record near Sicamous

250+
depreciation reports across British Columbia
16
in the Okanagan
6,000+
units under study in British Columbia

Reserve Plus has worked in 42 British Columbia communities since 2020, including 8 across the Okanagan. 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 Sicamous

3 depreciation reports (2022 to 2024), covering 73 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.

02

Strata buildings in Sicamous

Sicamous sits between Shuswap and Mara lakes, and many of its stratas are recreational: lakeside condominiums, townhomes and RV or cottage-style bare-land stratas used seasonally. Lake exposure, summer heat and snowy winters all play a part, and some stratas own marinas, docks or beachfront common property.

What most often shapes a plan here:

  • Docks, marinas and shoreline common property, where the strata owns them.
  • Roads, water systems and landscaping in bare-land stratas.
  • Buildings and plumbing in units left empty off-season.
03

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 Sicamous 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.

04

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 Sicamous 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
05

Questions from Sicamous boards

Does Reserve Plus work in Sicamous?

Yes. In Sicamous, Reserve Plus has been engaged for 3 depreciation reports (2022 to 2024), covering 73 units. Reserve Plus has been engaged for more than 250 depreciation reports across 42 British Columbia communities since 2020, 16 of them in the Okanagan. 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 Sicamous stratas?

Sicamous is in the Columbia Shuswap 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.

06

Other communities we serve