Depreciation Report Requirements for BC Strata Corporations

Visit In this webinar, lawyer Jason Rohrick answers questions about depreciation reports for BC strata corporations of 5 or more strata lots and discusses changes to the Strata Property Act and Regulations. 0:00 Welcome 2:25 Which stratas have to get depreciation reports? Are any exempt? 2:38 Relevant laws: Strata Property Act section 94 and Strata Property Regulation 6.2 3:22 Stratas of 5 or more strata lots 4:15 Can owners vote to waive or defer getting depreciation reports? 5:02 Who is qualified to provide a depreciation report on or after, July 1, 2025? 7:30 Who is qualified to provide a depreciation report before July 1, 2025? 8:39 If the most recent depreciation report was obtained after December 31, 2020, when is the next report due? 9:54 If the most recent depreciation report was obtained before December 31, 2020, or the strata has never obtained a report, what’s the deadline to obtain a report? (July 1, 2026 for specified areas, July 1, 202