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Strata Document Analysis

Know What You're
Buying Into

Detailed. Reliable. Fast.

Our strata specialists review your full document package with peer comparison — analysing the Form B, meeting minutes, depreciation report, financials, and bylaws to flag every red flag before you sign.

Live Report Preview
123 Main St, Kelowna BC
The Landmark — Strata Plan [Redacted]
Floors12
Units96
Built2011
TypeConcrete
Reserve Fund
$284K
✓ Fully Funded
Special Levy
None
✓ No Active Levy
Op. Budget
$612K
Annual
Ins. Deductible
$50K
! Review Required
⚠️
Medium: Elevator Modernization (2027). Council motion passed. Estimated $180,000. Reserve contribution may increase ~8%.
No active litigation. 24 months of minutes reviewed — no strata disputes or legal proceedings found.
$49
Flat Rate, No Hidden Fees
BC + AB
Provinces Covered
30 min
Avg Turnaround
6
Document Types Analyzed

Every Document in the Package

A typical strata package is 150–300 pages of dense, legal-language documents. We read every page — and pull out what actually matters to you as a buyer.

📋
Form B — Information Certificate
The most critical single document in any strata purchase. Issued by the strata corporation under Section 59 of the Strata Property Act.
Reveals:
Monthly strata fees · Active special levies · Bylaw violation notices against the unit · Any strata liens on the property · Rental restriction status
📄
Meeting Minutes (2+ Years)
The unfiltered record of every strata council meeting — and where 90% of the real red flags are hiding. Most buyers never read them.
Reveals:
Leak and water damage incidents · Maintenance deferred or denied · Pending special levy votes · Neighbour disputes · Building deficiency discussions
💰
Financial Statements
The annual financial picture of the strata corporation — operating fund, reserve fund, budget variances, and actual vs. planned spending.
Reveals:
Reserve fund balance and trajectory · Operating budget shortfalls · Unusual expenses · Insurance cost trends · How well the strata is run financially
🏗️
Depreciation Report
A 25+ year capital plan for every major building system. Required by BC law for strata corporations with 5+ units. One of the most powerful predictors of future costs.
Reveals:
When roofs, elevators, and membranes need replacement · Projected special levy risk · Whether reserve funding is keeping pace · Building's long-term financial health
📜
Strata Bylaws & Rules
The legal rules governing what you can and cannot do in the building. Most buyers assume stratas are similar — they're not. Rules vary wildly between buildings.
Reveals:
Pet restrictions and limits · Rental and Airbnb restrictions · Renovation approval requirements · Age restrictions (55+) · Parking and storage rules
🛡️
Insurance Certificate
The strata's master insurance policy — covering the building structure and common areas. Your personal condo insurance only covers the gap the strata's policy leaves.
Reveals:
Earthquake deductible (often $50K–$200K) · Flood deductible · Coverage gaps · Premium trends (rising premiums = rising fees) · Insurer changes
Full Guide to Strata Documents →

The Red Flags That Cost Buyers Thousands

These are the issues buried in strata documents that buyers miss — and that can cost tens of thousands of dollars after closing.

💸
Special Levy
A one-time charge to all owners for a major expense the reserve fund can't cover. Can range from $5,000 to $80,000+ per unit.
HIGH RISK
🏦
Underfunded Reserve
If the reserve fund is below the depreciation report targets, a special levy is almost inevitable. Often called the "time bomb" in a strata.
HIGH RISK
⚖️
Litigation
Active strata lawsuits can freeze sales, trigger special levies, and signal a dysfunctional council. Courts can order levies to cover legal costs.
HIGH RISK
🧱
Building Envelope Issues
Water infiltration through the building envelope is BC's #1 strata catastrophe. Repairs routinely exceed $30,000–$100,000 per unit.
HIGH RISK
💧
Water & Leak History
Repeated water incidents in the minutes suggest ongoing maintenance problems or deferred repairs — both expensive to resolve after the fact.
MEDIUM RISK
🛗
Aging Infrastructure
Elevators, roofs, parkade membranes, and mechanical systems all have finite lifespans. Approaching end-of-life means looming capital expenditure.
MEDIUM RISK
🏠
Rental Restrictions
Pre-2022 strata bylaws could cap rentals. Even post-Bill 44, Airbnb and short-term rental restrictions can still apply. Check before you assume.
MEDIUM RISK
📑
Outdated Depreciation Report
BC law requires depreciation reports to be renewed every 5 years. An outdated report means the capital plan is based on stale data — and reserve funding may be off.
WATCH
Read: Top Strata Red Flags in BC →

What Your Report Looks Like

Every StrataSpecialist report breaks down financials, minutes, bylaws, and depreciation data into a clear, prioritised summary. Below is a preview of an actual report — HIGH risk, real data, all sensitive details redacted.

StrataSpecialist Report

[Address Redacted] — Kelowna, BC

Mixed-Use Condo · 79 Units · Built 2013 · Analysed July 2026

HIGH RISK
🔴 5 High · 4 Med · 1 Low
TypeMixed-Use Condo
Units79
Year Built2013
Monthly Fees$404.88 / mo
Active LitigationYES ⚠
Active Special Levy$65,000 ⚠
Financial Summary
Monthly Strata Fees$404.88 / mo
Combined Reserve Balance$324,456
Reserve Funded11.55% ⚠ CRITICAL
Reserve Required~$1,019,239
Active Special Levy$65,000 Approved ✗
Fee Increase (2025)+6.37% – +14.79%
Red Flags (5 High · 4 Medium)
Active Supreme Court Litigation. Encroachment claim against the strata by adjacent developer. Application hearing June 2026. Legal costs ongoing.
Reserve Fund at 11.55%. Residential CRF holds ~$122K vs. ~$753K required. Depreciation report rates this "dangerously low." Special levies likely without major fee increases.
Ceiling Cracking — Floors 2, 3 & 4. Documented in depreciation report and council minutes. Cause not assessed. Independent structural inspection recommended.
Management Company Changed Nov 2025. Prior payment authorizations no longer valid. Arrears reported during transition.
Water Damage — Multiple Incidents. Three documented incidents in 14 months. Insurance water deductible is $50,000 per incident.
Top Recommendations (from the full report)
1Get independent legal advice before completing purchase. The active litigation regarding parking encroachments could materially affect common property and add significant legal costs.
2Commission an independent building inspection. Ceiling cracking on floors 2–4 warrants a structural engineer's assessment before conditions are removed.
3Budget for strata fee increases of 15–30% over 3–5 years. The reserve fund is critically underfunded. Contributions must rise dramatically to avoid forced special levies.

This is the actual output from a real StrataSpecialist report — all sensitive details redacted.

View the Full Sample Report →

Opens the complete report: all 10 red flags, full financials, minutes summary, bylaws, depreciation analysis & recommendations

Three Steps to Clarity

Upload your strata documents — we handle everything else. Most reports are ready within 30 minutes.

01

Enter the Address

Type in the strata property address. We pull the publicly available building data — strata plan number, year built, floor count — automatically.

02

Upload the Documents

Drop in the Form B, strata meeting minutes (2 years minimum), financial statements, depreciation report, and bylaws. PDFs, Word docs, or scans all work.

03

Get Your Report

Receive a clear, structured analysis — red flags, green lights, financial summary, and peer comparisons. Shareable PDF and link included.

How Does Your Building Stack Up?

Every report includes peer benchmarking across BC strata data — so you know if the reserve fund, levy history, and insurance deductible are normal or a red flag for your building type and location.

Reserve Fund
$284,150 Balance
Better than 71% of comparable buildings
BC average for similar buildings: $198,000
Earthquake Deductible
$50,000 Deductible
Above average — buyers should note
Kelowna average for concrete highrises: $38,500
Special Levy History
0 Levies in 5 Years
Clean record — top 25% in the province
28% of BC buildings had at least one levy in 5 yrs
Water & Leak Incidents
2 Incidents (5 yr)
Slightly below average — minor repairs only
BC average for concrete: 2.4 incidents in 5 years
EV Charging Readiness
Installed & Ready
Only 38% of Kelowna buildings have EV infrastructure
Increasingly important for resale value
Depreciation Report
Filed 2024 — Current
Up to date — no surprises expected
15% of BC strata corps have outdated depreciation reports

BC, Alberta & Beyond

StrataSpecialist analyzes strata, condo, owners corporation, and body corporate documents across Canada, Australia, and New Zealand. Same documents. Same red flags. Same 30-minute turnaround.

We cover bare land stratas, townhome stratas, conventional condos, leasehold stratas, 55+ stratas, owners corporations, body corporates, and mixed-use commercial/residential buildings — anywhere in the English-speaking world.

Alberta Condos → Ontario Condos → Australia Strata → NZ Body Corporate →
Get Started →
Markets We Cover
British Columbia
Vancouver
Burnaby
Surrey
Coquitlam
Richmond
Victoria
Kelowna
Nanaimo
Abbotsford
Alberta & Ontario
Calgary
Edmonton
Toronto
Ottawa
Mississauga
Hamilton
Australia & New Zealand
Sydney
Melbourne
Brisbane
Perth
Auckland
Wellington
Any strata, condo, or owners corporation document — anywhere in English.

Your Options for Strata Review

Most buyers have three options. Two of them are either impractical or cost more than the report is worth.

Option 1
Read It Yourself
CostFree
Time8–12 hours
Knowledge requiredExpert
Peer benchmarkingNone
The strata package is 200+ pages of accounting statements, legal minutes, and engineering language. Most buyers can't interpret what they're reading, and don't know what's normal vs. alarming.
Option 2 — Recommended
StrataSpecialist
Cost$49
TimeWithin 30 minutes
Knowledge requiredNone
Peer benchmarkingFull BC dataset
Upload your documents. Get a clear, structured report in plain English — red flags, green lights, financial health, and peer comparison. Fraction of the cost of a lawyer, fraction of the time.
Option 3
Hire a Strata Lawyer
Cost$500–$900
Time3–7 business days
Knowledge requiredNone
Peer benchmarkingVaries
A strata lawyer review is thorough — but expensive, slow, and hard to schedule during a fast-moving real estate transaction. Best reserved for complex situations or red flags we've already surfaced.
StrataSpecialist is not a replacement for legal advice in complex situations — but it's the right first step for every buyer.

Built for Everyone in the Transaction

Whether you're a first-time buyer or a brokerage running 50 deals a month — StrataSpecialist has a plan for you.

🏠

Buyers & Owners

You're about to spend hundreds of thousands of dollars. The strata package is 200 pages of jargon. We translate it into plain language — with every red flag flagged, every green light confirmed.

Complete specialist document review
Red flags & green lights
Reserve fund health check
Shareable PDF report
🤝

Real Estate Professionals

Offer a tangible value-add to every buyer client. Order a report in under a minute, share it with clients, and close with more confidence. Enterprise pricing available for high-volume agents.

Order in under 60 seconds
Shareable report link for clients
30-minute turnaround
Enterprise pricing for volume
🏢

Brokerages & Enterprises

Scale strata analysis across your entire team. Custom dashboard, volume pricing, and branded outputs with your brokerage logo on every report.

Team dashboard & analytics
Brokerage-branded reports
Volume pricing
Priority support & onboarding

What Realtors & Buyers Are Saying

Real feedback from real strata reports.

★★★★★

"I had a client removing subjects on a strata and ran it through StrataSpecialist. The report flagged issues I would have missed — my client was blown away. I'll be using this on every strata deal going forward."

Ryan B.
REALTOR® · eXp Realty, Prince George BC
★★★★★

"I built this because I was manually flagging the same reserve fund and special levy issues for my own clients, deal after deal. Now every strata buyer I work with gets the same analysis in 30 minutes instead of me spending an evening reading minutes."

Michael Greenwood
Co-Founder, StrataSpecialist · REALTOR®
★★★★★

"Got the report back in under 30 minutes. It caught a special levy buried in the minutes I would have completely missed reading it myself. Used it to negotiate before we removed subjects."

Sarah T.
First-time Buyer, Kelowna BC
★★★★★

"The peer comparison section is what sold me. I could see how the reserve fund stacked up against other buildings in the area instead of just staring at a number with no context. Gave me real negotiating leverage."

Kevin M.
Buyer, North Vancouver BC
★★★★★

"Flagged that the depreciation report was years out of date — I had no idea that was even something to look for. Brought it up before removing subjects. Genuinely would have missed it otherwise."

Linda R.
Buyer, Burnaby BC

Strata Education

Everything BC buyers and agents need to know about strata living, strata documents, and making smart purchasing decisions.

View All Articles →

Simple, Transparent Pricing

Simple per-report pricing. Enterprise options for agents and brokerages — email us.

Enterprise
Custom
For brokerages & agents
Everything in Standard
Volume pricing
Brokerage-branded reports
Team management
Priority support & onboarding
Custom integrations
Contact Us →

Common Questions

What documents do I need to upload?
At minimum: the Form B, strata meeting minutes (last 2 years), and financial statements. For a complete analysis, also include the depreciation report, strata bylaws, and insurance certificate. The more documents you upload, the more thorough your report — and the more accurate the red flag detection.
How fast will I get my report?
Reports are delivered within 30 minutes of payment confirmation. You'll receive an immediate confirmation email when your order is placed, followed by your full report. If you have a subject removal deadline approaching, contact us directly at info@strataspecialist.com for expedited service.
Do you cover properties outside BC?
Yes. StrataSpecialist analyzes strata, condo, owners corporation, and body corporate documents from BC, Alberta, Ontario, Australia (NSW, VIC, QLD, WA), and New Zealand. The names differ — strata in BC and Australia, condominium in Alberta and Ontario, owners corporation in Victoria, body corporate in Queensland and NZ — but the documents contain the same essential information: financials, meeting minutes, reserve fund or sinking fund reports, and governing rules. Our analysis identifies the same red flags in any market. BC-specific legal thresholds (such as the Strata Property Act depreciation report requirements) are noted where applicable.
Can I share the report with my real estate agent or a buyer?
Absolutely. Every report includes a shareable link and downloadable PDF. Real estate agents regularly share reports with buyer clients as part of their due diligence service offering. Pro subscribers can share branded reports with their logo.
Does StrataSpecialist replace a strata lawyer review?
No — and we're transparent about that. StrataSpecialist is the first step: we identify red flags, summarise the financials, and benchmark the building. For active litigation, complex bylaw interpretations, or serious concerns we surface, we recommend engaging a strata lawyer. Think of us as the filter that tells you whether a lawyer review is warranted — and what questions to ask.
What is a Form B and why does it matter?
A Form B (Information Certificate) is issued by the strata corporation under Section 59 of the BC Strata Property Act. It discloses the monthly strata fees, any active or pending special levies, bylaw violation notices against the specific unit, strata liens, and the rental restriction status. It's the most critical single document in any strata purchase — but it tells you the current picture, not the history. That's what the meeting minutes and financials fill in.
What is a special levy and how do I know if one is coming?
A special levy is a one-time charge assessed to all unit owners to cover a major expense the reserve fund can't absorb — like a roof replacement, building envelope repair, or elevator modernization. They can range from a few thousand to $80,000+ per unit. Warning signs in the documents include: reserve fund balance below the depreciation report targets, upcoming capital expenditures noted in the minutes, deferred maintenance discussions, and council motions to commission engineering reports. We flag all of these.
What is a depreciation report and is it required?
A depreciation report is a 25+ year capital plan prepared by a qualified professional that inventories all major building components — roof, elevators, parkade membrane, plumbing, electrical, etc. — estimates their remaining useful life, and projects the costs to replace them. BC law (Strata Property Act s. 94) requires strata corporations with 5+ units to obtain one every 5 years (unless waived by a 3/4 vote). An unfunded or outdated depreciation report is a serious red flag.
Can stratas still restrict rentals in BC?
Yes — with nuance. Bill 44 (2022) eliminated rental restriction bylaws for most stratas, meaning stratas can no longer cap how many units are rented long-term. However, short-term rental restrictions (Airbnb, VRBO) can still be imposed through strata bylaws, and some age-restricted stratas (55+) operate differently. The Form B and bylaws will clarify the current rental status of any specific building — and we flag any restrictions in our report.
Is my strata document data secure?
Yes. All documents are encrypted in transit (TLS) and at rest. We do not sell or share your data with third parties. Documents are retained for report generation and quality assurance, then deleted per our data retention policy. We never use your documents for any purpose beyond generating your report.

Stop Buying Blind.

A strata report takes 30 minutes. A surprise special levy takes years to recover from. Know what you're getting into before you write the cheque.

Get Your Report → View Sample First