Depreciation Reports
Home Warranty Inspections
Building Inspections
Serving strata corporations across Vancouver Island and the Gulf Islands.
About Coast Strata
Services
At Coast Strata Services, we specialize in providing realistic and collaborative depreciation and reserve fund planning services for strata corporations across Vancouver Island and the Gulf Islands. With decades of hands-on experience in residential and commercial construction management, and nearly 1,000 depreciation reports completed, our team delivers tailored depreciation report updates that reflect your property’s unique needs.
What We Offer
Whether it’s your strata corporation’s very first depreciation report or an update to an older or outdated report, we will work closely with your strata to explain the depreciation reporting process and invite your strata to participate in the site inspections and development of your personal depreciation report.
Personalized consultations with your strata council
Clear guidance through the depreciation report process
Strategic repair and maintenance planning
Custom reports for condos, townhouses, bare land, commercial, and assisted housing strata
Why Choose Us
- Hundreds of reports completed across diverse property types
- Lower overhead = direct savings for your strata
- Fully insured (WorkSafe BC + $2M liability)
- On-site inspections with strata participation encouraged
- Clearly written reports and financial projections that are easy to understand.
Get Started Today. Contact us for a free, no-obligation quote and sample report. Let’s build a smarter future for your strata—together.
Depreciation Reports
2/5/10 Home Warranty Reports
Attic / Balcony / Window / Crawlspace Inspections
Client Testimonials
Meet Our Founder
Eivin Hoy
Founder & Applied Science Technologist
Eivin, a graduate of Camosun College’s Structural Engineering Technology program (2000), brings over 20 years of experience in engineering, construction management, and site supervision. His career spans major commercial projects across Southern Vancouver Island and the Gulf Islands, including work with the Department of National Defence on facilities like the Esquimalt Fire Hall and the 443 Maritime Helicopter Squadron in Pat Bay.
He has held key roles with leading engineering firms such as Read Jones Christoffersen (RJC) and Chatwin Engineering, specializing in building envelope remediation for multi-unit residential buildings. His portfolio also includes condominium developments and hospital renovations, notably at Victoria General Hospital.
In 2020, Eivin completed all CMHC courses and exams to become a Licensed Residential Builder with the CMHC mandatory New Home Warranty Insurance coverage. He is an active member of ASTTBC, the Vancouver Island Construction Association, and the Vancouver Island Strata Owners Association.
Depreciation Reports FAQs
What Is a Depreciation Report?
A depreciation report is a detailed assessment conducted by a qualified professional to evaluate the condition and expected lifecycle of a strata corporation’s common property and assets. These may include:
- Pathways, paving, and utility services
- Exterior building components
- Electrical and mechanical systems
- Common interior areas and building structures
In British Columbia, depreciation reports are governed by the Strata Property Act and must include:
- A 30-year forecast of required renewals and maintenance
- An inventory of all common and limited common assets
- Three financial planning models for the strata corporation to consider
When is your Depreciation Report Required?
Starting July 1, 2024, all strata corporations with five or more lots must obtain a depreciation report every five years.
For new strata corporations formed between July 1, 2024 and July 1, 2027, the first report must be completed within two years of the initial annual general meeting.
What Does the Report Cover?
- Exterior and interior building components
- Mechanical and electrical systems
- Common area interior finishes and fixtures
- Utility infrastructure
- Wastewater treatment facilities
- Pathways, paving, and more
Each report is tailored to the unique features of your property, and may reflect that some common expenses may be covered by the strata corporation's annual operating allowance.
How Much Does It Cost?
Pricing varies based on the size and complexity of your strata.
- A small bare land strata typically costs between two and three thousand dollars
- Larger multi-story buildings with advanced systems: several thousand dollars
We offer competitive rates and encourage you to request a free, no-obligation quote to get started.
Let’s build a smarter future for your strata—together
Get Started Today Contact us for a free, no-obligation quote and sample report.