Changes to Depreciation Report Requirements

Effective July 1, 2024, the Province has implemented multiple changes to depreciation report requirements. All strata corporations with 5 or more strata lots will be required to obtain a depreciation report, this means strata corporations will no longer be permitted to waive this requirement by an annual ¾ vote. Also of note, the renewal period for updating a depreciation report has changed from three to five years. Additionally, effective July 1, 2025, depreciation reports must be obtained from a designated professional. And, as of July 1, 2027, owner developers must provide funding towards the first depreciation report for new strata corporations with five or more lots.

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Make Up Air Heat Pump Research Project

If your strata corporation is 4 or more floors, and your roof top make up air unit is due for replacement, your building will be an excellent candidate for a 2 year study.

Objective of the Study 4 buildings: 

  • Year 1 monitor the existing Make Up Air system and the internal common hallway ambient temperatures and relative humidity
  • Year 2, replacement of the Make Up Air with a heat pump to provide both winter heating and summer cooling to common areas, and monitor the ambient temperatures and relative humidity
  • Lower Mainland & Capital Regional District will be electric heat pump renewals
  • Fraser Valley and BC Interior will be Hybrid heating and cooling systems, and include particulate monitoring

The study will include monitoring, consulting and engineering for conversion is necessary.  Approved strata corporations will be required to fund the cost for the make up air heat pump and installation. We anticipate partial support funding for the conversions as part of the program.  

This project in partnership with CHOA, is Funded by BC Hydro and Local Government Partners.  

For more information please contact:

Electrical Planning Reports (EPR) & Legislative Updates

December 6, 2023: To support electric vehicle charging in strata corporations and to help strata corporations plan for additional demands on their electrical capacity, the Electric Vehicle Charging and Electric Management Regulation has been passed by Order-in-Council, (OIC 261-23) and has brought additional changes into effect by regulation.

For more information please see:

WEBINAR: Introduction to Electrical Planning Reports
Electrical Planning Reports for all strata corporations 5 or more units are now mandatory. Strata corporations located in the Metro Vancouver Regional District, the Fraser Valley Regional District and the Capital Regional District (excluding the Gulf Islands) are required to obtain an electrical planning report by December 31, 2026, all other regions by the end of 2028. What is required in a report? What is the purpose? What regions are affected first? Does this apply to bare land strata and townhouse communities? Who is qualified to do the reports? Who has access to the reports?

Archived VIDEO RECORDING of the webinar
Presentation SLIDES

CRF Contributions

Effective Nov 1, 2023 all strata corporations are required to make a minimum 10% annual contribution to the contingency reserve fund. The amount that owner developers must contribute to the contingency reserve fund for new strata developments has also increased.

For more information please see: