Understanding British Columbia’s Depreciation Report Requirements and the New Legislation - July 24th, 2025

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By Pinchin-ltd
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Course Type: Complimentary Session
Date & Time: July 24, 2025 at 12:00 pm to 1:30 pm (Pacific Time)
Price: $0
Province: WEB

Webinar Description

The quality of depreciation reports can vary and choosing a reputable and knowledgeable service provider is critical. Depreciation reports are intended to be usable as a capital planning tool rather than merely a compliance effort. In this webinar, the methodology of Pinchin depreciation reports as well as some typical Client concerns and challenges will be shared with the audience.

As of July 1, 2024, strata corporations with five or more units can no longer exempt themselves from obtaining a depreciation report through a ¾ vote. All strata corporations must renew their depreciation report every five years. Those without a depreciation report, or with reports dated before December 31, 2020, have until July 1, 2026, to comply if located in Metro Vancouver, the Fraser Valley, or the Capital Regional District (excluding Gulf Islands and other boat- or plane-accessible islands), and until July 1, 2027, if located elsewhere in British Columbia.

Webinar Outline

In this webinar you will learn about:

  • Depreciation Report Requirements and the New Legislation (BC)
  • Scope of a Depreciation Report
  • Methodology of a Depreciation Report
  • Purpose of a Depreciation Report and Some Typical Thoughts/Ideas, Concerns/Challenges
  • Fundamental Principle of a Depreciation Report
  • Various Strata Types and Level of Difficulty/Complexity and the Anticipated Fees of a Depreciation Report

Who Should Attend?

  • Strata/Property Managers
  • Self-Managed Strata Councils

Webinar Host

Alfred Lam
Team Leader, Building Science & Sustainability

Alfred Lam is a Certified Reserve Planner (CRP) with the Real Estate Institute of Canada (REIC), Alfred has extensive experience with depreciation reports and reserve fund studies, having personally completed and/or reviewed over 1,000 similar reports across western Canada.

In addition to being a CRP with the Real Estate Institute of Canada (REIC), Alfred holds a Bachelor of Applied Science in Civil Engineering from the University of British Columbia (UBC) and a completion of the Home Inspection Program from the British Columbia Institute of Technology (BCIT). Alfred is a seasoned Project Manager, Team Leader, and Building Science Consultant who is proficient in managing reporting assignments to ensure technical accuracy and clarity.

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