If you own a condo or townhouse in BC, or you are thinking about buying one, the strata’s depreciation report is one of the most important documents to review.
A depreciation report looks at the building’s major shared components, estimates when they may need repair or replacement and projects the likely costs over the next 30 years. This can include the roof, windows, elevators, plumbing, heating and ventilation systems, parkade, exterior siding and other common property.
The report also provides different...
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