Depreciation Report · British Columbia
Depreciation Report in Victoria
Reserve Plus has been engaged for more than 250 depreciation reports across 42 British Columbia communities since 2020, 9 of them in Vancouver Island.
Our record near Victoria
Reserve Plus has worked in 42 British Columbia communities since 2020, including 4 across Vancouver Island. 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 Victoria
4 depreciation reports (2024 to 2026), covering 60 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 Victoria
Victoria has some of BC's oldest strata buildings, from 1970s and 1980s wood-frame walk-ups to newer concrete towers downtown and in the Westshore. The wet coastal climate makes the building envelope the dominant item in most depreciation reports, and many buildings have already been through, or are facing, envelope rehabilitation.
What most often shapes a plan here:
- Building envelope, windows and rainscreen, and whether they have been rehabilitated.
- Roofs, balconies and membranes in a wet climate.
- Older plumbing and electrical systems in buildings from the 1970s and 1980s.
What British Columbia requires
Requirements are set by the province, not the municipality, so a Victoria 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 Victoria property
Questions from Victoria boards
Does Reserve Plus work in Victoria?
Yes. In Victoria, Reserve Plus has been engaged for 4 depreciation reports (2024 to 2026), covering 60 units. Reserve Plus has been engaged for more than 250 depreciation reports across 42 British Columbia communities since 2020, 9 of them in Vancouver Island. 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 Victoria stratas?
Victoria is in the Capital Regional District, 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, except on the Southern Gulf Islands, which have until December 31, 2028.