CF Electrical Services

Depreciation Reports for BC Strata Corporations

Mandatory under BC strata law. Funding plans councils can actually use — not desktop spreadsheets.

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What a Depreciation Report is

A Depreciation Report is the financial backstop for every BC strata corporation. It projects the cost of repairing and replacing common property and assets over the next 30 years, then translates those projections into a contingency reserve fund (CRF) plan. The Strata Property Act treats the report as the foundation of how a strata sets reserves and approves special levies — get it wrong and councils face surprise levies, deferred maintenance, or both.

BC strata law specifies the content. The report covers the building from the foundation up: roofs, exterior cladding, balcony membranes, mechanical plant, electrical service, elevators, paving, landscaping, common-area finishes — every component the strata is collectively responsible for.

The deadlines, by region

BC stratas of five or more lots fall into two deadline groups under the Depreciation Report mandate, applying when a strata has never had a report or its most recent report was issued before December 31, 2020:

July 1, 2026 — Metro Vancouver Regional District, Fraser Valley Regional District, and Capital Regional District.
July 1, 2027 — All other BC stratas.

Five-year renewal cycle thereafter. Reports in place before the cutoff continue on their existing renewal schedule.

What must be in the report

BC strata law specifies the required content. A compliant Depreciation Report must include:

Inventory of common property components. Every component the strata is collectively responsible for, identified and counted.
Physical condition assessment. The current state of each component, derived from on-site inspection.
Useful-life and replacement-cost projections. Modelled over a 30-year horizon, using current BC market data.
Three statutory funding scenarios. Fully funded, baseline, and threshold.
Recommended funding plan. A specific path the council can adopt, with rationale.
Methodology disclosure. The data sources and assumptions behind the projections.

A report missing required content or relying on stale market data leaves council exposed at every future strata permanent record and special-levy vote.

Who is qualified to prepare a Depreciation Report

BC strata law sets out who can prepare and seal each report. A single CF Electrical Services engagement covers any strata in BC regardless of building type — concrete highrises, mid-rises, wood-frame walk-ups, and townhouse complexes alike. We assign the credential the regulation calls for, so councils don't need to verify scope or seek different providers for different buildings.

How CF Electrical Services delivers

We own the process end-to-end. Site inspections, component inventories, condition assessments, replacement-cost research, funding-scenario modelling, and council presentation — every step on us. Stratas commissioning their first Depreciation Report often want council walkthroughs to build owner consensus before the funding plan is adopted; we include them.

Cities we serve for Depreciation Reports

A starting point — see all BC regions we serve:

How the process works

Five steps. We handle every one of them.

01

Intake

Send us your building details — number of units, address, and any documents you already have. We respond within one business day with a fixed-price proposal.
02

Site visit

A physical inspection of every electrical room, switchgear, transformer, and panel. Desktop-only reviews miss the constraints that matter.
03

BC Hydro data pull

We request twelve months of consumption data from BC Hydro on your behalf. Real demand data beats code-based estimates every time.
04

Analysis

Load calculations under electrical-code standards, future-electrification scenarios, capacity-freeing recommendations, phased cost estimates.
05

Final delivery

Signed report delivered to council, with a presentation walk-through. EPR's and Depreciation Reports are sealed by our partner P.Eng (registered with Engineers and Geoscientists BC).

Depreciation Report FAQs

What is a Depreciation Report?

A Depreciation Report is a regulated document required of every BC strata corporation of five or more lots under the Strata Property Act. It projects the cost of repairing and replacing common property and assets over a 30-year horizon, supports contingency reserve fund (CRF) planning, and is the basis on which councils set or approve special levies.

When is a Depreciation Report due?

Stratas in Metro Vancouver, the Fraser Valley, and the Capital Regional District must have a current report by July 1, 2026 if they have never had one or if the most recent report was issued before December 31, 2020. Stratas in the rest of BC have until July 1, 2027. A five-year renewal cycle applies thereafter.

Who is qualified to prepare a Depreciation Report?

BC strata law sets out who can prepare and seal each report. CF Electrical Services covers every BC strata building type — concrete highrises and mid-rises through wood-frame walk-ups and townhouse complexes — and assigns the credential the regulation calls for, so councils don't need to verify scope or seek different providers for different buildings.

What is included in the report?

BC strata law specifies the content. A compliant Depreciation Report includes a physical inventory of common property components, a condition assessment of each, useful-life and replacement-cost projections over a 30-year horizon, three statutory funding scenarios (fully funded, baseline, threshold), and a recommended funding plan. Our reports also include owner-friendly summary tables and a council presentation walk-through.

How long does the process take?

Six to ten weeks from intake to sealed delivery, depending on building size and how readily component documents are available. We commit to a date in the proposal and we hit it.

Can the Depreciation Report be combined with an Electrical Planning Report?

Yes — and where building-condition assessment overlaps (electrical service, mechanical plant, capital-renewal capital costs), commissioning them together produces a more internally consistent picture for council. Many BC stratas commissioning their first EPR are also approaching their next Depreciation Report cycle.

Does CF Electrical Services do the actual repairs or replacements?

No. CF Electrical Services is a consulting and report-writing firm only. We deliver the Depreciation Report; your strata hires separate contractors for any work the report recommends. This independence is by design.

What does a Depreciation Report cost?

Send us your building details and we respond within one business day with a fixed-price proposal. Pricing depends on building size, age, complexity, and component count. We do not publish hourly rates or price ranges — every building is different and a fixed-price proposal is fairer.

How do I get started?

Use the form below or email info@cfelectrical.ca with your strata's name, address, and unit count. We respond with a fixed-price proposal within one business day.

Send us your building details — name, address, unit count, year built, and any documents you already have. We respond with a fixed-price proposal within one business day. Combined EPR + Depreciation Report engagements are common; we'll quote both in one proposal if requested.

Request your fixed-price proposal

We'll respond within one business day with a fixed-price proposal. The price you accept is the price you pay.