Reserve funds, special levies, insurance deductibles, water damage history, and EV readiness across strata buildings in the city of Richmond - extracted from real strata documents.
Contingency Reserve Fund (CRF)
The typical Richmond strata building holds $3,761 per unit.
BUILT Pre-1980
$5,036 per unit
BUILT 1980–1999
$3,720 per unit
BUILT 2000–2015
$4,578 per unit
BUILT 2016+
$2,313 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
30%
Based on 140+ samples.
What each unit typically pays
$870 per special levy
Range: $411 - $1,958
How often levies are approved
66%
About 34% 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 170+ samples.
Typical flood or sewer deductible
$100,000
A separate line item from water.
Based on 165+ samples.
Typical minimum earthquake deductible
$250,000
Plus ~15% of insured value.
Based on 160+ samples.
Water incidents per year
2.2per year
Average incidents in a strata building.
Based on 155+ samples.
Water incidents per 100 units
1.6per 100 units each year
Normalized for building size.
Based on 150+ samples.
Typical repair cost
$5,751per incident
Average repair cost per incident.
Based on 235+ samples.
Water incident rate by building age
Rates vary by building age.
BUILT Pre-1980
2
incidents per year
BUILT 1980–1999
2.9
incidents per year
BUILT 2000–2015
2.1
incidents per year
BUILT 2016+
2.2
incidents per year
Repeated patterns matter more than a single event.
How widely water events spread
Scope changes both disruption and insurance exposure.
845+ samples with a stated answer.
Buildings that restrict short-term rentals
96%
Where a clear bylaw exists.
125+ samples with a stated rule.
Buildings that ban both cats and dogs
12%
Buildings that prohibit both cats and dogs.
145+ samples with a stated rule.
Buildings that allow gas or propane BBQs
89%
Where a gas or propane barbecue is permitted.
115+ samples with a stated rule.
Elevators per 100 units
1.7
More elevators usually means less waiting and better service.
Based on 55+ samples.
Some EV readiness in place
56%
Planning stage
26%
No evidence of EV plans
18%
Compare the building's reserve fund per unit from the Form B against the Richmond median of $3,761 shown on this page. The depreciation report will show whether the fund is on track for planned expenses.
The median reserve fund balance in Richmond is $3,761 per unit, based on 160+ samples.
About 30% of strata buildings in Richmond had an approved special levy within the last two years, based on 140+ samples.
Water incident frequency ranges from 2 per year in pre-1980 buildings to 2.9 per year in 1980–1999 buildings within this dataset.
Approximately 96% of sampled strata buildings in Richmond have a stated restriction on short-term rentals.
The most commonly reported amenities in Richmond are Party / Amenity room (found in 58% of buildings) and Gym / Fitness Room (43%). Bike Storage appears in 42% 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 Richmond? Get a BC strata document review for the specific building.
Based on 170+ samples in Richmond. Always review the building's own documents.
Data last updated: July 21, 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.
