Reserve funds, special levies, insurance deductibles, water damage history, and EV readiness across strata buildings in Vancouver Island MLS Board - extracted from real strata documents.
Contingency Reserve Fund (CRF)
The typical Vancouver Island strata building holds $4,508 per unit.
BUILT Pre-2000
$4,880 per unit
BUILT 2000–2015
$5,865 per unit
BUILT 2016+
$1,721 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
25%
Based on 100+ samples.
What each unit typically pays
$1,809 per special levy
Range: $922 - $3,206
How often levies are approved
85%
About 15% are voted down.
A levy can mean the strata is fixing a problem, not ignoring one.
Typical water deductible
$10,000
Most common claim type.
Based on 115+ samples.
Typical flood or sewer deductible
$25,000
A separate line item from water.
Based on 115+ samples.
Typical minimum earthquake deductible
$250,000
Plus ~10% of insured value.
Based on 65+ samples.
Water incidents per year
1.8per year
Average incidents in a strata building.
Based on 110+ samples.
Water incidents per 100 units
4.4per 100 units each year
Normalized for building size.
Based on 110+ samples.
Typical repair cost
$5,974per incident
Average repair cost per incident.
Based on 130+ samples.
Water incident rate by building age
Rates vary by building age.
BUILT Pre-2000
2.4
incidents per year
BUILT 2000–2015
1.4
incidents per year
BUILT 2016+
1.7
incidents per year
Repeated patterns matter more than a single event.
How widely water events spread
Scope changes both disruption and insurance exposure.
570+ samples with a stated answer.
Buildings that restrict short-term rentals
76%
Where a clear bylaw exists.
110+ samples with a stated rule.
Buildings that ban both cats and dogs
38%
Buildings that prohibit both cats and dogs.
30+ samples with a stated rule.
Buildings that allow gas or propane BBQs
74%
Where a gas or propane barbecue is permitted.
55+ samples with a stated rule.
Elevators per 100 units
2.2
More elevators usually means less waiting and better service.
Based on 75+ samples.
Some EV readiness in place
63%
Planning stage
31%
No evidence of EV plans
6%
Compare the building's reserve fund per unit from the Form B against the Vancouver Island median of $4,508 shown on this page. The depreciation report will show whether the fund is on track for planned expenses.
The median reserve fund balance in Vancouver Island is $4,508 per unit, based on 115+ samples.
About 25% of strata buildings in Vancouver Island had an approved special levy within the last two years, based on 100+ samples.
Water incident frequency ranges from 1.4 per year in 2000–2015 buildings to 2.4 per year in pre-2000 buildings within this dataset.
Approximately 76% of sampled strata buildings in Vancouver Island have a stated restriction on short-term rentals.
The most commonly reported amenities in Vancouver Island 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 Vancouver Island? Get a BC strata document review for the specific building.
Based on 125+ samples in Vancouver Island. 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.
