Depreciation Reports
Sciencefield Services
BC Strata Depreciation Reports Built for Long-Term Capital Planning
Sciencefield provides professional BC strata depreciation reports, supporting strata corporations throughout Vancouver Island, the Gulf Islands, and the Lower Mainland. Our reports are prepared by a registered professional engineer and are tailored to the specific configuration, ownership structure, and asset profile of each strata corporation.
A depreciation report is more than a legislative requirement—it is a long-term capital planning tool that helps strata councils and property managers make informed decisions about maintenance, renewal, and funding strategies. Sciencefield delivers clear, practical, and defensible depreciation reports that support confidence, transparency, and proactive planning.
Who This Service Is For
BC Depreciation Reports for Strata Corporations in Victoria, across Vancouver Island and the lower Mainland
This service is intended for strata corporations, as required under the Strata Property Act, and is commonly commissioned by strata councils and property managers acting on their behalf. Sciencefield prepares depreciation reports for strata corporations of all sizes, ages, and configurations, ranging from small townhouse developments to complex, multi-phase or mixed-use properties.
Strata configurations and ownership arrangements we regularly work with include:
We also have experience with a wide range of building and infrastructure types, including:
In practice, this service is provided for all types of strata corporations, ensuring that each property’s specific configuration and characteristics are appropriately recognized within the capital planning process.
Call Us
250-413-7564
E-Mail Us
info@sciencefield.ca
Scope and Level of Review
Depreciation reports are developed based on a combination of document review, a site visit, and professional judgment informed by experience with similar properties.
Reviewed information may include:
The site visit includes a walkthrough of all accessible common property areas, with representative sampling where access is limited or components are repeated. Observations are visual and non-destructive in nature.
Where information is incomplete or components are concealed, reasonable assumptions are made based on typical construction practices and experience with comparable buildings. This approach supports a practical and defensible framework for long-term planning while identifying areas where further review may be beneficial.
Sciencefield’s Approach to Strata Depreciation Reports
Sciencefield’s BC strata depreciation reports are prepared by experts specialized in building enclosure engineering. This background supports informed evaluation of critical components such as roofs, exterior cladding, windows, doors, balconies, and waterproofing systems—areas that often represent the largest and most complex capital expenditures for strata corporations.
Building enclosure expertise allows consideration of how components typically perform over time, how deterioration develops, and what renewal strategies are commonly required. These insights support realistic assumptions regarding timing, scope, and risk, while also recognizing implications for occupant comfort, durability, energy performance, and climate resilience.
Beyond the building enclosure, Sciencefield brings extensive experience in capital planning for:
Mechanical Systems (plumbing, HVAC, drainage)
Electrical Systems (power supply and distribution)
Elevator Systems (hydraulic and traction)
Fire Safety Systems (detection, alarm, suppression)
Site Infrastructure (roadways, buried utilities, fixtures)
Our experience with sectioned strata, bare land strata, phased developments, and shared infrastructure informs how each report is structured. Where appropriate, reports may include separate tables or figures for different sections or reserve funds, ensuring the information is clear, relevant, and practical for decision-makers.
Risk Awareness and Planning Ahead
Depreciation reports support risk-aware capital planning by highlighting when major components are approaching renewal milestones that may warrant closer attention. By identifying these points in the planning horizon, the report helps strata councils and owners anticipate future decisions rather than react to unexpected conditions.
Where appropriate, the report flags components or capital events that may benefit from additional consideration, allowing decisions to be made with a clearer understanding of potential implications. Overall, the report supports thoughtful discussion, proactive planning, and informed collaboration among all parties involved in managing the property.
EVERYTHING YOU NEED TO KNOW
Frequently Asked Questions About Strata Depreciation Reports
The following questions provide general guidance on how BC strata depreciation reports are used by strata corporations, what they include, and how they support proactive maintenance and financial planning.
Replacing Guesswork with Professional Judgment
Effective capital planning depends on informed assumptions. Sciencefield prepares depreciation reports that apply professional judgment to available information, helping strata corporations understand how major building components are expected to perform over time and how funding requirements may evolve.
Sciencefield’s BC strata depreciation reports provide a clear, defensible foundation for reserve planning, budgeting discussions, and long-term financial decision-making.