Compare strata buildings across the city of Richmond on reserve funds, levies, insurance, water risk, bylaws, and EV readiness. See what's typical before reviewing a specific building.
How to use this page
Check the money
Reserve fund, special levies, and insurance deductibles.
Check the building condition
Water history, repairs, and age-related patterns.
Check the rules and lifestyle fit
Pets, rentals, EV charging, and key rules.
Source: StrataReports. If you reference this data, please link back to this page.
Strata Costs
Reserve funds, levies, and deductibles help show future cost pressure.
Contingency Reserve Fund (CRF)
The typical Richmond strata building holds $3,730 per unit.
Pre-1980
$4,818 per unit
1980–1999
$3,738 per unit
2000–2015
$4,473 per unit
2016+
$2,275 per unit
A lower reserve can reflect recent major work, not poor management.
Special Levies
One-time charges for major repairs or projects.
Typical time between special levies
~3.2 yrs
Based on 120+ samples.
Typical levy cost per unit per year
$691 per unit
Range: $289 - $1,722
How often levies are approved
72%
About 28% are voted down.
A levy can mean the strata is fixing a problem, not ignoring one.
Insurance
Typical strata insurance deductibles in Richmond.
Typical water deductible
$50,000
Most common claim type.
Based on 130+ samples.
Typical flood or sewer deductible
$100,000
A separate line item from water.
Based on 130+ samples.
Typical minimum earthquake deductible
$250,000
Plus ~15% of insured value.
Based on 125+ samples.
Water & Repairs
Water issues can point to repair risk and future cost.
Water incidents per year
2.4per year
Average incidents in a strata building.
Based on 120+ samples.
Water incidents per 100 units
1.6per 100 units each year
Normalized for building size.
Based on 115+ samples.
Typical repair cost
$6,793per incident
Average repair cost per incident.
Based on 195+ samples.
Water incident rate by building age
Rates vary by building age.
Pre-1980
2
incidents per year
1980–1999
2.7
incidents per year
2000–2015
2.6
incidents per year
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.
645+ samples with a stated answer.
Bylaws & Lifestyle Rules
Rules on pets, rentals, BBQs, and amenities can affect fit.
Buildings that restrict short-term rentals
95%
Where a clear bylaw exists.
95+ samples with a stated rule.
Buildings that ban both cats and dogs
12%
Buildings that prohibit both cats and dogs.
115+ samples with a stated rule.
Buildings that allow gas or propane BBQs
87%
Where a gas or propane barbecue is permitted.
90+ samples with a stated rule.
Elevators per 100 units
1.8
More elevators usually means less waiting and better service.
Based on 40+ samples.
EV Charging
How prepared Richmond strata buildings are for EV charging.
Some EV readiness in place
60%
Planning stage
24%
No evidence of EV plans
16%
Buyer Due Diligence
Compare area benchmarks with the building's own documents.
Compare the building's reserve fund per unit from the Form B against the Richmond median of $3,730 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 $3,730 per unit, based on 125+ samples.
The typical strata building in Richmond sees a special levy approximately every 3.2 years, based on 120+ samples.
Water incident frequency ranges from 2 per year in pre-1980 buildings to 2.7 per year in 1980–1999 buildings within this dataset.
Approximately 95% 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 57% of buildings) and Gym / fitness room (41%). Bike storage appears in 41% 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 reportData & Methodology
Based on strata documents from Richmond buildings in our dataset.
Based on 130+ samples in Richmond. Always review the building's own documents.
Data last updated: April 3, 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.
