Reserve funds, special levies, insurance deductibles, water damage history, and EV readiness across strata buildings in the city of New Westminster - extracted from real strata documents.
Contingency Reserve Fund (CRF)
The typical New Westminster strata building holds $4,389 per unit.
BUILT Pre-2000
$4,984 per unit
BUILT 2000–2015
$4,440 per unit
BUILT 2016+
$3,031 per unit
A lower reserve can reflect recent major work, not poor management.
Special Levies
One-time charges for major repairs or projects.
Had a special levy in ~2 years
52%
Based on 85+ samples.
What each unit typically pays
$1,035 per special levy
Range: $522 - $1,982
How often levies are approved
84%
About 16% are voted down.
A levy can mean the strata is fixing a problem, not ignoring one.
Typical water deductible
$50,000
Most common claim type.
Based on 90+ samples.
Typical flood or sewer deductible
$50,000
A separate line item from water.
Based on 90+ samples.
Typical minimum earthquake deductible
$250,000
Plus ~15% of insured value.
Based on 90+ samples.
Water incidents per year
2.9per year
Average incidents in a strata building.
Based on 85+ samples.
Water incidents per 100 units
3.1per 100 units each year
Normalized for building size.
Based on 85+ samples.
Typical repair cost
$8,142per incident
Average repair cost per incident.
Based on 140+ samples.
Water incident rate by building age
Rates vary by building age.
BUILT Pre-2000
3.5
incidents per year
BUILT 2000–2015
2.5
incidents per year
BUILT 2016+
2.8
incidents per year
Repeated patterns matter more than a single event.
How widely water events spread
Scope changes both disruption and insurance exposure.
560+ samples with a stated answer.
Buildings that restrict short-term rentals
90%
Where a clear bylaw exists.
90+ samples with a stated rule.
Buildings that ban both cats and dogs
32%
Buildings that prohibit both cats and dogs.
25+ samples with a stated rule.
Buildings that allow gas or propane BBQs
95%
Where a gas or propane barbecue is permitted.
75+ samples with a stated rule.
Elevators per 100 units
2
More elevators usually means less waiting and better service.
Based on 75+ samples.
Some EV readiness in place
61%
Planning stage
34%
No evidence of EV plans
5%
Compare the building's reserve fund per unit from the Form B against the New Westminster median of $4,389 shown on this page. The depreciation report will show whether the fund is on track for planned expenses.
The median reserve fund balance in New Westminster is $4,389 per unit, based on 85+ samples.
About 52% of strata buildings in New Westminster had an approved special levy within the last two years, based on 85+ samples.
Water incident frequency ranges from 2.5 per year in 2000–2015 buildings to 3.5 per year in pre-2000 buildings within this dataset.
Approximately 90% of sampled strata buildings in New Westminster have a stated restriction on short-term rentals.
The most commonly reported amenities in New Westminster are Gym / Fitness Room (found in 100% of buildings) and Pool (100%). Hot Tub appears in 100% of sampled buildings.
The statistics above are a starting point. Every strata building has its own document package - hundreds of pages covering finances, insurance, bylaws, and building condition. It’s the only way to truly understand what you’re buying into.
Once you have the documents, start here
Bylaws & rules
Pet policies, rental restrictions, and daily obligations - these rules decide how you actually live in the building.
Insurance certificate
Deductibles, coverage limits, and what you're personally on the hook for if something goes wrong.
Depreciation report
The funding plan, how much life is left in major components, and when big-ticket repairs are coming.
Recent council minutes
Unresolved disputes, upcoming projects, and how decisions actually get made.
Already have the document package?
Skip the 300‑page read.
We pull out the key risks, costs, and rules so you don’t have to.
See a sample reportBuying in New Westminster? Get a BC strata document review for the specific building.
Based on 90+ samples in New Westminster. Always review the building's own documents.
Data last updated: September 30, 2026
Age of buildings in this dataset
Where this market sits by building age.
Building types in this dataset
Towers, townhouses, mixed-use, and more.
Dive deeper or compare strata statistics across related areas.
