Why Squamish stratas need this report now
Under the Strata Property Act, every strata corporation in Squamish with five or more lots must have a current Depreciation Report. Stratas in the Squamish-Lillooet Regional District face a deadline of July 1, 2027 if they have never commissioned one or if the most recent report was issued before December 31, 2020. The report runs on a five-year renewal cycle thereafter.
The Depreciation Report's job is to project the cost of repairing and replacing common property and assets over a 30-year horizon — the foundation of contingency reserve fund planning. A report that under-estimates costs leaves councils exposed to surprise special levies. A report that over-estimates wastes owners' contributions. Either way, Squamish stratas need a report grounded in real component condition and accurate replacement cost data — not a desktop spreadsheet.
What CF Electrical Services delivers in Squamish
Our Depreciation Reports cover the full content set required by BC strata law: an inventory of common property components, condition assessment, useful-life projections, replacement cost estimates over a 30-year horizon, and three statutory funding scenarios — fully funded, baseline, and threshold. Squamish councils receive a working document, not just a deliverable: clear funding recommendations, owner-friendly summary tables, and a presentation walk-through before adoption.
Every BC strata building type is covered under BC strata law — concrete highrises and mid-rises through wood-frame walk-ups and townhouse complexes. Squamish stratas don't need to worry about whether their building type is in scope. It is.
About strata buildings in Squamish
Newer townhouse and mid-rise condo construction post-2010 — one of BC’s youngest strata stocks. EV adoption is high here, which puts capacity planning at the front of council agendas.
What that means for Depreciation Reports in Squamish: Townhouse complexes often have lower per-unit common-property costs but higher common-asset count — fences, retaining walls, asphalt, and shared mechanicals — that need their own line items in the funding plan.