New BC Strata regulations require that depreciation reports be done every five years. (Click here for our summary of the new regulations.) Unfortunately, many depreciation reports are simply a statement of the condition of the building assets of a strata. They don’t help much with a strata council facing difficult choices, or wanting to create a long term financial plan.
This is why with decades of experience in this field we have gone beyond depreciation reports to offer predictive analysis, a suite of tools that help council members identify the best priorities for limited resources and time. Councils can explore financial scenarios to test the outcomes of potential decisions.
