What will your depreciation report cost?

Depreciation reports are required for BC stratas with five or more lots, every five years, with no deferral since July 1, 2024.

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$4,500 – $7,000+

Published prices for a building like yours

Required for your strata: Yes, every 5 years
Per lot: $113 to $175

Sources: Gov BC, AV Appraisals prices (a listed report provider), FirstService Residential 2025, Wynford 2026

General information only. Not legal, financial or accounting advice. Market figures are ranges published by the sources named here, checked on October 22, 2026. They are not quotes or data about your building. Actual costs vary by firm, scope and building. Compare real proposals before deciding. Full disclaimer and sources

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The report sets the real number.

A qualified depreciation-report provider or reserve planner models your building. Get two or three quotes. Third-party tools can also dig into the documents. These links are unpaid. Strata Match doesn't earn a fee if you use them.

What a 'qualified person' is (Gov BC) ↗Eli Report, a commercial document tool (unpaid) ↗

Questions councils ask

How much does a depreciation report cost in BC?

Roughly $3,000 to $8,000 for a townhouse or small complex, $6,000 to $15,000 for a mid-size low-rise, and $10,000 to $30,000 or more for a high-rise or complex building, based on published BC price guides. Price moves with size, mechanical complexity, age, and location.

Are depreciation reports mandatory?

Yes, for stratas with five or more lots, at least every five years (Regulation 6.21). The annual 3/4 vote to defer was removed on July 1, 2024. A strata with no report since the end of 2020 had until July 1, 2026 in Metro Vancouver, the Fraser Valley and the Capital Regional District, and has until July 1, 2027 elsewhere. Reports obtained from July 1, 2025 must come from one of the designated professionals in Regulation 6.2.

Is an update cheaper than a first report?

Often, yes. Updating an existing report can cost less than a first-time report, since the baseline inventory already exists. Ask each provider how they price updates.

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